Why all The Gloom? Grab Yourself Some Forex Vinyl Record Love Old Son
There is a lot of doom and gloom around about the economy and depreciating currencies these days, though with every grey cloud there is always a silver lining. No more is this true than for the woes of the British Pound and the upside for Foreign Vinyl Collectors. With Sterling at near record lows against currencies like the US Dollar UK goods are better value than ever. You have to go back to 1985 to get a better Dollar to Sterling exchange rate.
For foreign buyers of UK Vinyl Records this could potentially be a once in a lifetime opportunity to buy some sweet UK Vinyl Record gems at bargain basement prices. As of the time of writing below is an overview of some of the best currency savings as against a year ago for foreign Vinyl buyers.
Currency Savings On Offer
- GBP/USD Down 17%
- GBP/AUD Down 6%
- GBP/CAD Down 10%
- GBP/HKD Down 17%
With these sorts of savings Vinyl buyers in the US, Hong Kong, Canada and Australia are no doubt salivating at the prospect of nailing some bargains.
In recent years collectible Used Vinyl Records have been on the ascendancy on the list of must have items on shoppers buy lists. Mixmag recently reported that Vinyl sales in the US are now running at a 30 year high, with 108% rise in sales since 2020 in 2022. It seems from data like that that the appetite for Vinyl Records remains undimmed and continues to grow.
Why Buy UK Vinyl Records?
Historically the UK has always been a fantastic marketplace from which to source collectible Vinyl Records. Britain ranks number one for its sheer breadth of output, creativity and popularity of its music. One only has to consider bands like The Beatles and The Rolling Stones for a second to understand the level of tectonic gravity that exists around the UK’s music scene. Hum a Beatles tune almost anywhere on this planets surface and without having to speak the language of the country you are in they will recognise instantly the sweet melodies of the fab four. Couple the quality of the UK’s music with the jaw dropping artistry of UK Album cover artwork and photography and frankly all Vinyl Record collectors know they are onto a winner with UK merchandise.
How Long Will These Savings Last?
How long the currency benefits will remain in place for buyers is unclear. With a new UK Chancellor and pressure on the Bank of England to raise interest rates to shore up Sterling it seems likely the Pounds slide cannot last forever. The timing though seems perfect for buyers as we approach the holiday season, rarely if ever has there been a better time to swoop and grab bargain collectible Vinyl Records from the UK market.
For more interesting Vinyl Record articles try these: History of the LP Record, UK Capitol 45 Record Labels and Sleeves Archive From 1953 to 1983, 45 Record Guide – Size, Value, Prices, Worth and History of 45 Records or What Vintage Vinyl Records Are Worth Money? or Collectors Guide To Building a Vinyl Record Collection.
If you’d like to buy some 45’s checkout our 45 Record Collection here.
You can find our selection of music for sale here – Used CDs, Used Records, New Vinyl Records, New CDs, 7 Inch Records, 12 Inch Records and LP Records.
