Price increases (1 Viewer)

[Rutledge]

The recent discussions about when a figure may cost $40 dollars may now especially in the UK be a lot sooner than we think.

With the terrific news that VAT in the UK will go too 20% is a real blow to the collectors and the hobby.

Currently a £33.95 figure will go up by £6.79 with this increase, if my math has not let me down, which, it has been known to do.

With the current debate about cost and collector restrictions this could not have come at a worse time for the hobby for, collectors and retailers.

Is any one else as concerned as I am?
Mitch

A more worrisome development, at least for US investors, from a price increase standpoint, is China's decision to let the Yuan float (some), as well as increasing wage pressures in China.

"China's decision to allow the yuan to float more freely could benefit a host of American companies selling their goods in that country while hurting multinationals that rely on China's low-cost labor. As the yuan appreciates against the dollar, prices for American products will become more competitive with those for Chinese ones.

At the same time, foreign companies that make products in China will face headwinds as labor costs rise — and possibly ripple through to U.S. consumers in the form of higher prices.

Monday, the yuan strengthened to 6.7981 against the U.S. dollar, bolstering hopes of long-awaited reform to China's currency peg. Yet it remains unclear how much — or how quickly — China will allow the yuan to rise. The People's Bank of China said in a statement this weekend that any basis for large-scale currency appreciation "does not exist."

 

[rekp]

realistically it isnt even rising by 2.5% as vat is calculated on the cost price / net price . it isnt just a flat 2.5 % though most retailers will take it as that and rip us off

 

[arnhem44mad]

I appreciate that Rob. I plan to come back over one day. I've actually been to England half a dozen times or so, just not in the last ten years. My sister in/law is married to an Englishman and they are moving back to England in a few months, so maybe I'll be over soon.

Where you really want to go is Scotland!

My cousin came up from london a couple of years ago and was sucking on exhaust pipes trying to get his own natural enviroment air back

 

[lancer]

A more worrisome development, at least for US investors, from a price increase standpoint, is China's decision to let the Yuan float (some), as well as increasing wage pressures in China.

"China's decision to allow the yuan to float more freely could benefit a host of American companies selling their goods in that country while hurting multinationals that rely on China's low-cost labor. As the yuan appreciates against the dollar, prices for American products will become more competitive with those for Chinese ones.

At the same time, foreign companies that make products in China will face headwinds as labor costs rise — and possibly ripple through to U.S. consumers in the form of higher prices.

Monday, the yuan strengthened to 6.7981 against the U.S. dollar, bolstering hopes of long-awaited reform to China's currency peg. Yet it remains unclear how much — or how quickly — China will allow the yuan to rise. The People's Bank of China said in a statement this weekend that any basis for large-scale currency appreciation "does not exist."

This is particularly grim. If this works out like stated and prices do rise, TS will officially be off my list. Cannot absorb much more, very little in fact. -- Al

 

[Rob]

I appreciate that Rob. I plan to come back over one day. I've actually been to England half a dozen times or so, just not in the last ten years. My sister in/law is married to an Englishman and they are moving back to England in a few months, so maybe I'll be over soon.

That would be good Duke,the guys are a great bunch and you'd be very much welcomed to be an honorary Brit for the day!

Rob

 

[HAWKEYE]

Does not sound like anybody likes the vat tax, so why can't you guys vote it out?

 

[Warlord 1]

Don't know about the rest of you all but $40 a pop and I am going back to golf. Gold will soon be cheaper. Regards, Larry.

 

[rekp]

just because we dont like it doesnt mean it isnt necessary. gotta do something to get ourselves out the hole that was developed in the last 13 years by a corrupt govt

 

[Rob]

Of course its a shame prices will be going up,no one wants that.But I enjoy this hobby so much that it will just mean being a bit more choosy what I buy and perhaps dropping a range,but I'll always collect

Rob

 

[10TH LA.]

personally.....as long as the Canadian dollar is close to par to the American green back.......I will still collect.....but if a single figure becomes $40 a few choices will have to made ......maybe just sticking to a few sets and nothing new...or stopping one and starting a new one .....time will tell.......

 

[Scarlet Pimpernel]

just because we dont like it doesnt mean it isnt necessary. gotta do something to get ourselves out the hole that was developed in the last 13 years by a corrupt govt

I bet if we all sold our collections we could pay the national debt.

 

[Vezzolf]

That's true the only problem will be finding a buyer,as everyone is feeling the pinch....