(June 29, 2016 at 10:54 am)Aractus Wrote: I didn't say you care, nor did I say that I'm unsympathetic to any hardship you & Shell may legitimately face in the immediate future. The only point I wanted to make was that Forex is volatile and that the GBP was already overvalued. I'm not at all suggesting the currency will "recover" to the state that I just said was overvalued any-time soon (that would be disingenuous). But I would point out the AUD has fallen more (albeit over 3 years) with no volatile influences on "our end". At the end of the day free markets are free and will move, it will benefit some and, as in your case, disbenefit others.
The value of money is completely metaphysical (arbitrary) anyway. It is in the eye of the beholder. It is literally minted at will by worldwide governments to be used as a trading commodity against other trading commodities. As I mentioned before it is my opinion and you can disagree that you have not lost any money, but in saying that I want to be respectful and I hope you understand I mean that from my philosophy and understanding of economics - which I freely admit isn't great. I kind of look at it as a human fallacy to believe that systems well outside of their individual controls should stay "stable". I hope Tib you will agree to disagree.
...and my point was, whether it was overvalued or not, I lost money. This isn't some opinion that we can "agree to disagree" on. Next month, my paycheck...for the *exact* same amount of money I earned this month, will convert to less USD by a *substantial* amount.
If my end salary in dollars in less than it was last month, I've lost money. End of story.
