Buy British $1.09 to the pound

WINE TALK
23

Thus I picked up quite a bit of old Bordeaux recently.

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24

For those of you who buy in the UK, do you store with the merchant and then have the merchant forward to a shipping service (e.g., Connoisseur)? Or do you contract with a separate bonded warehouse?

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25

I store with merchants.

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26

I remember the good old days of getting $1.09 to the pound :wink:

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27

I’ve been wanting to ask this for some time:

Are you americans really sure about making great deals? The Dollar is strong but top wines prices are still rising and a lot of stuff is getting more expensive for a lot of different reasons.

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28

What is the lowest friction way to actually buy GBP to hold? Are the currency ETFs any good or is there a better way?

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29

It seems like you’re just saying it’s an inflationary environment (both in terms of macroeconomic conditions and the Burgundy/champagne markets), in which case that is an argument in favor (not against) holding hard assets (i.e., wine). With that said, I would only buy what I want to drink and won’t be buying anything as a speculative investment.

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30

Hi Mike,

Wasn’t talking about investments, but regular consumption.

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31

Yes there are deals to be made for desirable wines particularly older stock.

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32

[Ian_Sutton]

[Arv_R]
So misogynist to attack a female PM

:astonished: Unless you have any insight into Mark that the rest of us don’t have, you ought to consider retracting that.

Knowing Arv’s posts here over the years, I took that to be tongue in cheek.

33

Guys, I apologize for bringing in politics into the thread. Can we move on.

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34

I apologize too.

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35

You could transfer dollars to Wise (used to be Transfer Wise), buy pounds and hold them. I have never done this but a family member uses them often for currency conversion not as an investment.

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36

Yes. Yes I am.

37

You can, but they already started charging for keeping Euro balances. It’s only a matter of time before they start charging for keeping GBP balances. But even though they don’t charge currently, you don’t earn any interest. So it’s still a bad deal unless you’re only in it for the short term.

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38

Good to know.

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39

You could buy British bonds. Gives exposure to the currency and a yield. I think I read this morning that government bonds are yielding higher than Greece and Italy.

40

I started purchasing Euro and GBP via my Fidelity Brokerage account.

41

HSBC has a Global Money Market Account that can be in any of 8 currencies. I am looking at doing this and moving a bunch into GBP.

42

I said that when the pound was 1. 40… so, i bought a banksy, thinking it is a hedge against the pound (plus i like his stuff)… well, the rest is history: the pound is down but Banksy is up

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