How can you even say that it will not recover to previous levels within a 10 year period. I personally think it will take half that time. We may have been integrated to the EU but now we will be integrated into the world market. Things will change and possibly get worse than they are now but for you to think it will take longer than 10 years is just crazy talk.
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Will We Start Seeing 1080 Prices Getting Sensible Again Soon..?
- Thread starter snowdog1971
- Start date
How can you even say that it will not recover to previous levels within a 10 year period. I personally think it will take half that time. We may have been integrated to the EU but now we will be integrated into the world market. Things will change and possibly get worse than they are now but for you to think it will take longer than 10 years is just crazy talk.
I completely appreciate your comment Gibbo. Thank you for making that clear and being so honest with us.
Pound has been rising against the Dollar since the 11th July now. Are we seeing GPU prices drop the same way they went up...?
If the trend is strong for a few weeks up then yes or they stabilise at the new level for at least a few weeks so the risk of another fall is lowered then they likely would yes.
You do realise it has been 10 years since the recession, and were still nowhere near the pre-recession dollar-GBP levels pre-brexit right? Take a look at this:
http://www.xe.com/currencycharts/?from=GBP&to=USD&view=10Y
Make sure you are looking at the 10 year spread. What the hell makes you so confident we will recover back to pre-brexit levels, when we couldn't get back to pre-recession levels in a market where we at least knew where we stood. If somehow we keep our full single market access then yes I think it is likely to recover, if we don't though, I cannot see it settling higher for a long time, as it could take 10 years just to re-negotiate all of our trade deals.
But even at that point, when we are reintegrated in the world market, what makes you so sure the trade deals we get will be completely favourable to us? At least in the EU, there was a chance of fighting off TTIP, but outside it with a conservative government, we have no chance. The UK was one of TTIP's biggest proponent in the EU...
I guess my point here is that the level of uncertainty surrounding these things is huge, and will have a huge impact in the mid-term, which will mean a longer time-frame to recover.
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Nvidia prices + Brexit = uncertainty and finance markets never like such
Pound has been rising against the Dollar since the 11th July now. Are we seeing GPU prices drop the same way they went up...?
Yes 1070's have already being reduced using the assumption of a 1.35 rate.
I thought £619 was a pricing error which quickly got changed to £665?
Yes 1070's have already being reduced using the assumption of a 1.35 rate.
Nice! That's a risk assumption on your behalf to benefit consumers. Appreciate it.
An attempt at explaining inflation:
As the cost of living rises, wages must too increase to compensate. This generally goes with inflation too.
An example: a person in the 60s working a job may earn £1k a year from their job. Of course, it all works out because things cost a whole lot less too. A house might have costed £15k back then.
Now if the person was still working the same job today... they absolutely couldn't afford to live on a £1k salary. The salary must rise with the value of the currency. A house costs a few hundred grand now. It's similar with various countries around the world. In Asia, a person's salary might be much less, but that works out as things cost less and they can live.
Quick history lesson, back in the 20s, during the great depression when inflation was out of control, Germans took their wages home in wheelbarrows since the value of the German Mark (the currency back then) had plummetted. Granted, today is nowhere near such disaster, but I've seen small increases in prices of good like milk and fruit here and there.
An example: a person in the 60s working a job may earn £1k a year from their job. Of course, it all works out because things cost a whole lot less too. A house might have costed £15k back then.
Now if the person was still working the same job today... they absolutely couldn't afford to live on a £1k salary. The salary must rise with the value of the currency. A house costs a few hundred grand now. It's similar with various countries around the world. In Asia, a person's salary might be much less, but that works out as things cost less and they can live.
Quick history lesson, back in the 20s, during the great depression when inflation was out of control, Germans took their wages home in wheelbarrows since the value of the German Mark (the currency back then) had plummetted. Granted, today is nowhere near such disaster, but I've seen small increases in prices of good like milk and fruit here and there.
Anyhow, as Gibbo has been mentioning recently, prices are to improve as the GBP comes back up. I'm kinda surprised at the number of threads on here discussing pricing of current GPUs. Especially when there's so many good deals on older GPUs. Don't like new GPU pricing? Get a last-gen GPU and save some pennies (depending on what you want to upgrade to).
Thanks for economics 101 but the statment still stands.
Changing context and describing an overarching observation or trend on a different topic (cost of living and inflation) which is seen over broad timescales is not useful. Besides on that tangent there is no 'rule' that wages should rise within specific timeframes and a drop in standard of living would negate the need for wages to rise.
Back to discussing the rise in cost of certain goods due to current and very recent fluctuations in exchange rate, there is no reason for wages to have to rise to compensate and it is an unreasonable expectation.
Yes Asus pricing error, they communicated to us an MSRP before launch, we launched at that MSRP. A couple of days later the emailed apologising that they'd made an error, the first price change was purely due to an error by Asus. The initial first increases was Brexit, now it is supply and demand, we are now at £800, because we simply wish to not take any more orders on that part.
So why not just remove the item from the store temporarily or disable any orders on it?
It doesn't look great when you suddenly hike the price so high like this. Business is business and all but what is happening and what you say doesn't match.
Love the way you're prepared to explain so much of the OcUK business to us, can't think many if any other retailers would be as prepared to lay out the details like you do. Thanks.
I already adjusted 1070's down I think it was Tuesday evening, yes its a gamble for us for sure, as next week they could be under 1.30 again and were now selling stock based on paying for stock with a 1.35 rate.
We win some, we lose some.
For those who do not understand SEO means search engine optimisation so deleting SKU's from the website is very bad for our business, better instead to just put them at silly prices to prevent people buying.
Crazy today so sometimes I can reply in detail and other times you get one word.
The part that I was picking up on is that the "pound is getting stronger" is only true in a really limited and technical way. It's very low right now and the snippet of graph you posted, limited to just the last four days - it's cropped in so tight and scale on that graph so tiny that it is useless for a real impression of how the pound is doing. It is technically correct to say that "the pound is getting stronger", but only in the sense that you carefully picked the lowest possible point to start your measuring from and stripped all context of scale by zooming in on small changes. Pound is still very much below where was before the vote and still bouncing around unpredictably.