Cyprus-Forum.com

[Paphitis]

Not the mighty Euro !!
By the way currencies are not affected by viruses, only by a nations economic indicators.

The Euro isn't mighty. It's just pretend monopoly money on shakey ground or do I need to refer you back to the Banking Collapse? Greece would have been better off with the Drachma, and Cyprus abandoned its mighty Cy Pound.

The USD is king and the Sterling is still worth more. The Sterling will always be worth more as well.

And the EU was already tanking as Britain was growing faster than any EU State.

Some actual facts for you, not that they will make any difference to you but still they remain plain facts

in the months before the referendum vote one pound sterling would buy you between 1.25 euro and 1.45 euro

in the years since the referendum vote one pound sterling has bought you between 1.05 euro and 1.21 euro

It's been there for more than 4 years now.

Here is a happy fact for you. Britain is or was the fastest growing economy in all of Europe.

Therefore, the 1.05 to 1.21 is the happy place that delivered that growth.

So tell me, if BREXIT was such a disaster, then how on earth did the UK beat all of the EU?

It makes no difference whether the Sterling is at 1.05 or 1.21. What matters is GDP Growth and jobs.

[erolz66]

It’s a bad day/week/month to be in shares.

That;s correct.

All the money is fleeing into Gold, Silver and USD.

You need to keep up. Gold and silver not doing that well either right now. In this kind of climate 'cash' appears to be the only 'asset' people want right now, of any currency. Cash and toilet rolls maybe.

Londonrake - no so great for those holding crypto currencies either.

[Paphitis]

It’s a bad day/week/month to be in shares.

That;s correct.

All the money is fleeing into Gold, Silver and USD.

You need to keep. Gold and silver not doing that well either right now. In this kind of climate 'cash' appears to be the only 'asset' people want right now, of any currency. Cash and toilet rolls maybe.

Londonrake - no so great for those holding crypto currencies either.

USD is what the rich are seeking.

That and Gold.

Maybe also the Swiss Franc

[erolz66]

Here is a happy fact for you. Britain is or was the fastest growing economy in all of Europe.

You idea of facts and mine are not quite the same thing. Just because you say something is so, does not mean it is a fact. I know this is hard for you to understand and accept but there it is. If you were interested in actual real figures from a credible source, rather than some anonymous loudmouth on a dysfunctional forum, then you could have a look at this and try and understand it. Of course if it challenges what you want to believe then you will just ignore it, if past performance is any guide to the future in this regard.

https://www.ft.com/content/cf51e840-714 ... f383b09ff9

USD is what the rich are seeking. That and Gold.

Well not according to the price of gold right now.

https://www.bullionvault.com/gold-news/ ... -031220202

[miltiades]

Currencies have been and always will be the barometer of a nations economic prospects. Its a fact.

[cyprusgrump]

Currencies have been and always will be the barometer of a nations economic prospects. Its a fact.

Another keeper...

[miltiades]

Currencies have been and always will be the barometer of a nations economic prospects. Its a fact.

Another keeper...

Why don't you remove that bucket and put it closer to where your singular brain cell is situated ? In your arse . What Plonker !!

[Paphitis]

Currencies have been and always will be the barometer of a nations economic prospects. Its a fact.

You couldn't get anymore stupid!

If that is indeed the case, Cyprus should have been the best economy in the world when it had the Pound which was one of the dearest currencies in the world.

That was not the case. USA, Australia, Germany, NZ, Canada and I could name dozens more, had stronger economies, higher GDP, and more trade.

Currencies ARE NOT A BAROMETER.

Australia's AUD is currently sliding but it's GDP still growing. Maybe for not too much longer but its growing. When it goes into negative territory, it won't ever be as bad as the EU which was already in negative territory before Coronavirus.

The barometers are:

1) GDP growth
2) current account deficit/surplus
3) Job market growth
4) unemployment rate

All the things you choose to ignore because the figures don't suit your agenda.

If you took the above things into consideration, then you couldn't slander BREXIT.

[Paphitis]

Here is a happy fact for you. Britain is or was the fastest growing economy in all of Europe.

You idea of facts and mine are not quite the same thing. Just because you say something is so, does not mean it is a fact. I know this is hard for you to understand and accept but there it is. If you were interested in actual real figures from a credible source, rather than some anonymous loudmouth on a dysfunctional forum, then you could have a look at this and try and understand it. Of course if it challenges what you want to believe then you will just ignore it, if past performance is any guide to the future in this regard.

https://www.ft.com/content/cf51e840-714 ... f383b09ff9

USD is what the rich are seeking. That and Gold.

Well not according to the price of gold right now.

https://www.bullionvault.com/gold-news/ ... -031220202

I really don't know what you are on about.

Gold is a safe haven. Doesn't mean it can't decrease in value but buying ounces of Gold on the market is the preferred investment mode for the Banks, Institutions, and Wealthy during times of crisis. It is considered safer than land even. Whilst it can go down 10%, it never crashes and during crisis has a tendency to appreciate as demand for the metal increases. The same thing applies to the USD and Swiss Franc.

So really sorry, but a fall from 1680 per ounce to 1600 per ounce isn't something that is going to worry the institutions because its not like Gold will crash. When individuals/entities invest in safe havens, it's because they want to protect their wealth from collapse and because they have been spooked from the capital building stocks and property and it usually occurs during times of war, uncertainty and during pandemic disease threats and so on.

Same thing applies to those graphs you posted. If you look at the current graphs for ANY country you will see similar things. If you pick ANY of the EU countries you will see WORSE.

The UK economy has actually been the top pick in Europe. How is that for a FACT? You and Miltiades continue to ignore this FACT!

[miltiades]

Currencies have been and always will be the barometer of a nations economic prospects. Its a fact.

You couldn't get anymore stupid!

If that is indeed the case, Cyprus should have been the best economy in the world when it had the Pound which was one of the dearest currencies in the world.

That was not the case. USA, Australia, Germany, NZ, Canada and I could name dozens more, had stronger economies, higher GDP, and more trade.

Currencies ARE NOT A BAROMETER.

Australia's AUD is currently sliding but it's GDP still growing. Maybe for not too much longer but its growing. When it goes into negative territory, it won't ever be as bad as the EU which was already in negative territory before Coronavirus.

The barometers are:

1) GDP growth
2) current account deficit/surplus
3) Job market growth
4) unemployment rate

All the things you choose to ignore because the figures don't suit your agenda.

If you took the above things into consideration, then you couldn't slander BREXIT.

All the factors you stated are relevant to a nations currency . The analogy you offered for Cyprus is laughable !!
The UK was the world's 5th largest economy but that was before Brexit. A week currency will inevitably increase the cost of our imports, and we import more than we export, therefore prices will increase especially our food imports.