The dollar and it's impact on your bankroll decision making

[RED-DOG]

I would be very careful about using a hedging tool, I used one and almost cut Mrs Red's fingers off!

[TightEnd]

economists question...yes


note how cheap things are in the US for us and how London gets swamped with Yanks when the dollar is strong

[Rooky9]

slight diversion.

I've been eyeing up an expensive guitar i can buy from american company and with the currency differences is significantly cheaper than buying it in the UK.

Am i meant to declare that sort of purchase for tax?

Pretty sure you would have to. One way to do it is to take a cheap guitar out on holiday with you and bring a new one back in it's place but if they catch you I think you get fined as well as taxed.

Yes you would have to declare it, yes it would be possible not to - depending on how the seller sends it!

If you ask them to tick the gift box rather than the merchandise box you would get away with it. If they don't/won't then you will automatically be billed for the tax - by the shipping company ususally.

[totalise]

Question for the economists around here, does your currency losing it's value increase tourism?

im no economist, but I think it would increase it immensely... it makes it cheaper to visit. If it goes too far though it makes the currency worthless and that leads to political unrest and the formation of guerilla organisations ready to perform governmental coups and a frustration in lack of overseas involvement might lead to foreigners being targeted, so while you might get a cheaper experience, you might also end up with your head chopped off, which is a bad thing.

Rich,

gl with the scheme, I hope its a resounding success!

[boldie]

Question for the economists around here, does a country's currency losing it's value increase tourism in that country?

yes, it actually has a massive impact on tourism. It of course works the other way around aswell that's why I predict  that at the end of next year, if the dollar goes the way it's going and stays there, you will hear a lot of complaining from the UK tourism industry that there aren't as many tourists coming over (especially from the States)

[totalise]

Question for the economists around here, does a country's currency losing it's value increase tourism in that country?

yes, it actually has a massive impact on tourism. It of course works the other way around aswell that's why I predict  that at the end of next year, if the dollar goes the way it's going and stays there, you will hear a lot of complaining from the UK tourism industry that there aren't as many tourists coming over (especially from the States)

you wont hear much complaining from the UK residents though

[boldie]

Question for the economists around here, does a country's currency losing it's value increase tourism in that country?

yes, it actually has a massive impact on tourism. It of course works the other way around aswell that's why I predict  that at the end of next year, if the dollar goes the way it's going and stays there, you will hear a lot of complaining from the UK tourism industry that there aren't as many tourists coming over (especially from the States)

you wont hear much complaining from the UK residents though

nope...not from me..if this keeps going you can buy into the WSOP main event for a 5'er

[Royal Flush]

If I knew a poker player was using a hedging tool I would be twice as likely to raise his blinds!

Did everyone miss this? Fcking classic.

[Dingdell]

I'm still considering being in a position to withdraw funds - It's not a concept I'm used to