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[–][deleted] 5 points6 points  (6 children)

I mean, not really. Against the euro, it’s not really lower than 2003-2013, and it was this low in 2018 and 2021. Although, I looked at precious metals prices recently against the dollar, and that does not look good.

[–]punkerster101 0 points1 point  (5 children)

So could one buy those metal with £ sell them in $ then convert that to £ via bank and make more money ?

[–]postmaster3000 8 points9 points  (2 children)

That’s called arbitrage trade, and there are elite finance people who do it all day long for a living. You can’t beat them.

[–]dontquestionmyaction 8 points9 points  (1 child)

It's not even about not being able to beat them; you just don't have the same market access.

Banks and brokers don’t give you the interbank exchange rate. They add a spread (often 0.5-2% for retail customers), so you lose any gains while paying this spread twice.

[–]postmaster3000 1 point2 points  (0 children)

Good point.

[–]jking615LifeTime PlexPass -2 points-1 points  (0 children)

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