Collapse of sterling and biking.

[kawakid]

Anyone watching the news its depressing.

Just wondering on what affect this is going to have on the biking industry.

Currency rates are normally hedged for a year in advance , so we are going to face price increases.

With foreign bike costs likely to raise significantly this might be a good for UK exporters principally Triumph.

Saying that its not just the bikes themselves , its the gear as well.
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I've a twin and a 4.

[Wafer_Thin_Ham]

Now is the time to buy British.

Support your local industries people.

https://artfiles.art.com/images/-/Alfred-Leeze/Your-Country-Needs-You-Featuring-Lord-Kitchener-Giclee-Print-C12729026.jpeg

On a serious note it's already happening.

Arai, Shoei, Dainese, AGV, Rev It and Sidi have all put prices up in the past few months.
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My Flickr

[MinhDinh]

yeah tyres have gone up also.
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Hit the G spot.

[Itchy]

As I've been stating in many other threads anything made over seas will go up in price , since EVERYTHING is made overseas these days , and before kickstart says it, the materials to make things that are made in the UK are also imported from overseas , hence there is NO advantage of trashing the currency.... as the currency is trashed and yet we have no exports to exploit this.

This means the price of everything goes up

Oh that also includes petrol , and triumph bikes which have tons of overseas made parts...

Anybody seen that hyperinflation trigger?

Now if only the government would jack interest rates to 15%-25% where they belong to defend the currency a bit or sell their dollars and buy pounds.



The currency is going down because the market is pricing in the UK going bankrupt , you can NEVER buck the market.

But I reckon Ireland , Greece , Spain first.
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Spain 2008France 2007Big one 2009 We all die. The goal isn't to live forever, the goal is to create something that will. In the end, your life will flash before your eyes. Make sure it is worth watching.

[Wafer_Thin_Ham]

[MinhDinh]

[Kickstart]

[salty21]

why cant that mint place that makes our currency just make a shit load more and pass it about? sorted

thats my good deed for the day
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04 NSR 125(sold) ---- 03 CBR 600rr(sold) ----90 pan euro ST1100 '' ----02 CG 125
94 CB400 Super Four ---- 2000 VTR SP1 (sold) ---- 08 ninja p8f(sold, meh) ----05 CBR600rr

[Itchy]

[Itchy]

[MinhDinh]

[salty21]

damn, i thought i had just sorted it
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04 NSR 125(sold) ---- 03 CBR 600rr(sold) ----90 pan euro ST1100 '' ----02 CG 125
94 CB400 Super Four ---- 2000 VTR SP1 (sold) ---- 08 ninja p8f(sold, meh) ----05 CBR600rr

[Kickstart]

[monty's double]

no disrespect keith, but i think you are wrong on this one!

if having a falling currency is so good, then zimbabwe should be the weathiest country in the world, yes?

at the moment we have short term deflation in the economy, mainly
amongst things that require leverage e.g. debt to finance them.
therefore the price of these assets has been falling. hence the price of house, cars, yachts etc has been falling, generally speaking.

there is a charity in bucks which has had hundreds of people trying to dump their horses and ponies onto it, as the owners can't afford them.

the reason "people felt well off" was due to the availabilty of cheap credit and a housing bubble which encouraged them to consume. wages have been static/falling for many years. now, collectively personal debt at record levels.

itchy is right - trashing our currency has done us no favours - in fact the trade deficit announced last month was the worst since, wait for it, 1697!

https://tinyurl.com/729m6q

i'm afraid our problems are a direct result of the monetary system + banking system - since 1971 with the ending of the bretton woods currency system, money has been produced at will by governments. believe it or not, banks produce money out of thin air!

this video gives a precis of the hows and whys - don't be put off by the fact it is a cartoon.

https://tinyurl.com/cmtba4

me? i stuffed most of my (meagre) cash into gold https://www.goldmoney.com) & other hard assets and foreign currencies some time ago.

i'm afraid it is going to be a long hard road back to what we would consider to be a 'normal' economy. we need to export more, consume less and save more. the government are floundering and producing policies which are designed to reduce savings and encourage the consumption of what are mainly overseas goods!

it has taken us 20 years+ to dismantle much of our industry. it will take us longer than that to replace it.

i wouldn't be surprised if unemployment hits 4 million this time around.

perhaps we will never recover - look at countries like argentina who were the 3rd richest country in the world at the turn of the 20th century.

to return this ridiculously long post back to motorcycling, this bloke has jacked his prices up:-

"We are doing our best to hold Ural prices as low as possible, but there have been huge increases from the factory due the specification improvements and the cost of raw materials.
Our price is £8,995 including all taxes. There will be a factory price increase in February 2009. Depending on the Dollar to Euro to Sterling exchange rate this could mean that we will have to increase our price for a Dalesman Gear-Up to the same level as the European dealers.

https://www.f2motorcycles.ltd.uk/uraldalesmangearup.html

i think we are going to have massive price rises.

recession/depression/stagflation - take your pick.

[Newbiker0507]

Save your money and have patience then it won't affect you.

[Kickstart]

[Itchy]