So disillusioned with investments in general. My limit is set, once triggered I'm out for good and will spend money raher then trying to generate a return. You can't take it with you after all. If it goes tits up it goes tits up. £35k down as it stands, only £10k riding on it that I simply can't cash in.
This improves our bottom line. For example, if we made $10m profit per year, the difference between an exchange rate of 1.5USD:GBP and 1.3 USD:GBP is around £1m.
From the BBC Website today:
"But other sectors, like mining, bucked the trend as investors sought safety in gold and a weakening pound worked in their favour, given that their earnings are quoted in dollars. Randgold Resources, which operates mainly in Africa, was up 14% on Friday, for example."
Just hope we have already converted our recent fund raising money from GBP to USD already!
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