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Where to put your money??

Where to put your money??

Old Sep 19th 2008, 9:28 am
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Default Where to put your money??

Where are you putting your savings? upto 35k£ may be safe for each UK bank account but in reality inflation is much higher than any interest rate and it could all collapse at any minute.Is gold a safe bet? I have savings in pounds,dollars and euros and are concerned that they are worth less every year regardless of interest
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Old Sep 19th 2008, 10:34 am
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Default Re: Where to put your money??

Gold, minerals and art.

Especially art by 'unkown' artists with potential working in Spain

The few savings I have I stuck in some sort of fixed term 'guaranteed' investment bonds. Safe as houses I thought. Then again houses aren't quite as safe as they used to be. Wobbly times for money in any investment, but gold, minerals and art rarely drop in value.

Copper is still being used up at a rapid rate and no-one's going to be sticking any more in the ground. Supply and demand means it can only increase in price unless of course someone comes up with a viable, and renewable alternative.
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Old Sep 19th 2008, 10:35 am
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Default Re: Where to put your money??

Originally Posted by Rotor View Post
Where are you putting your savings? upto 35k£ may be safe for each UK bank account but in reality inflation is much higher than any interest rate and it could all collapse at any minute.Is gold a safe bet? I have savings in pounds,dollars and euros and are concerned that they are worth less every year regardless of interest
Gold would seem to be a good bet at the moment but how long will that last?

I might even investigate Krugerands myself.

Or, perhaps, someone knows a better source of gold to buy?
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Old Sep 19th 2008, 10:37 am
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Default Re: Where to put your money??

Originally Posted by TheLostPhotographer View Post
Gold, minerals and art.

Especially art by 'unkown' artists with potential working in Spain

The few savings I have I stuck in some sort of fixed term 'guaranteed' investment bonds. Safe as houses I thought. Then again houses aren't quite as safe as they used to be. Wobbly times for money in any investment, but gold, minerals and art rarely drop in value.

Copper is still being used up at a rapid rate and no-one's going to be sticking any more in the ground. Supply and demand means it can only increase in price unless of course someone comes up with a viable, and renewable alternative.
By that token, wouldn't coal be a good bet?
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Old Sep 19th 2008, 12:59 pm
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Default Re: Where to put your money??

Originally Posted by snikpoh View Post
By that token, wouldn't coal be a good bet?

Depends how big your bunker is
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Old Sep 19th 2008, 3:20 pm
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Default Re: Where to put your money??

In the present economic climate, under the mattress!!!!!
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Old Sep 19th 2008, 3:31 pm
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Default Re: Where to put your money??

Originally Posted by Rotor View Post
Depends how big your bunker is
Yeah invest 35k in coal
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Old Sep 19th 2008, 3:48 pm
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Default Re: Where to put your money??

Originally Posted by Rotor View Post
Where are you putting your savings? upto 35k£ may be safe for each UK bank account but in reality inflation is much higher than any interest rate and it could all collapse at any minute.Is gold a safe bet? I have savings in pounds,dollars and euros and are concerned that they are worth less every year regardless of interest
Definately stocks and shares! Had you put your £35k into HBOS shares on Wednesday morning, you could have been sat on the thick end of £100k by this morning.
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Old Sep 19th 2008, 3:57 pm
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Default Re: Where to put your money??

Originally Posted by twyntub View Post
Definately stocks and shares! Had you put your £35k into HBOS shares on Wednesday morning, you could have been sat on the thick end of £100k by this morning.
Yes and if the Government hadn't stepped in you would have lost the lot!
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Old Sep 19th 2008, 4:03 pm
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Default Re: Where to put your money??

Originally Posted by Fred James View Post
Yes and if the Government hadn't stepped in you would have lost the lot!
No pain, no gain...
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Old Sep 19th 2008, 4:05 pm
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Default Re: Where to put your money??

Originally Posted by twyntub View Post
Definately stocks and shares! Had you put your £35k into HBOS shares on Wednesday morning, you could have been sat on the thick end of £100k by this morning.

Yay! No way? I win


Joking sadly. What is all this crazyness?

Cash under the mattress is the worse thing to do with rising inflation.
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Old Sep 19th 2008, 4:38 pm
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Default Re: Where to put your money??

Originally Posted by TheLostPhotographer View Post
Cash under the mattress is the worse thing to do with rising inflation.
Well, I'm sure I've got some Alitalia shares around somewhere... probably even worse than a mattress right now!
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Old Sep 19th 2008, 5:01 pm
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Default Re: Where to put your money??

Originally Posted by twyntub View Post
Definately stocks and shares! Had you put your £35k into HBOS shares on Wednesday morning, you could have been sat on the thick end of £100k by this morning.
short time trading has been stopped , on most markets mmmmm

35k will under the bed
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Old Sep 20th 2008, 12:31 am
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Default Re: Where to put your money??

Originally Posted by Fuzzlepop View Post
Yeah invest 35k in coal
they are re,opening a big coal mine in the uk.some they cant but some have been maintained all this time.
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Old Sep 20th 2008, 4:53 pm
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Default Re: Where to put your money??

Originally Posted by jurdyr View Post
short time trading has been stopped , on most markets mmmmm

35k will under the bed
I think you mean 'short selling' which is completely different
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