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Taking advantage of Economic recession....

Would you think it is possible to invest in british pounds? I'm thinking of actualy investing some money of mine and putting into british pounds. It might be a risk but I would be interesting to see...

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Re: Taking advantage of Economic recession....

Unk, Please be careful - currency speculation is best done by people who are able to get in and out quickly and have access to all the information and can react almost as fast as big bank currency...

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Re: Taking advantage of Economic recession....

Rupees might be a better investment. But - gambling is a mug's game IMO.

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Re: Taking advantage of Economic recession....

What rescue deal ? *bangs self on head*

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Re: Taking advantage of Economic recession....

Thanks. I was wondering abit because I think the best time to spend is in a depression when everything is low.

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Re: Taking advantage of Economic recession....

unk, You are absolutely right some of these low stocks will climb - you just have to be sure you don't buy paper that ends up being worth nothing (eg Lehman)

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Re: Taking advantage of Economic recession....

The Russian markets fell 15% today and was suspended. So probably won't be invading Georgia or Ukraine any time soon. Perhaps the next stage, after the immediate uncertainty over banks, will be...

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Re: Taking advantage of Economic recession....

We already have pretty bad inflation (relatively speaking). But as interest rates probably will go down (anything else would kill what's left of the economy stone dead, surely?) , it'll probably get...

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Re: Taking advantage of Economic recession....

Well some do of course but unless your name is Soros or Buffet be careful.

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Re: Taking advantage of Economic recession....

True, I was thinking more of Gordon "no more boom and bust" Brown, and his little Darling.

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Re: Taking advantage of Economic recession....

Ah yes...all eyebrows and no trousers.................

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Re: Taking advantage of Economic recession....

I've decided Bohemian Rhapsody would be the perfect soundtrack for a Youtube video summary of events. With Grim Gordon's £400 billion injection of our tax money it's like we're at the bit 4/5th of the...

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Re: Taking advantage of Economic recession....

My Old Yew Foria wrote: Ah yes...all eyebrows and no trousers................. Wow, he's got the Groucho Marx eyebrows. Now all he needs is the moustache.

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Re: Taking advantage of Economic recession....

Unk - so glad you didn't buy those pounds - it's not looking pretty right now. Course if you had deep pockets and could wait for 4/5 years you might make 25% when it jumps back up to $2 but right now...

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