Where to put your money??
Sep 18th 2008 | 8:28 pm
#1
Thread Starter
BE Forum Addict
Joined: Apr 2008
Posts: 3,178
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
Sep 18th 2008 | 9:34 pm
#2
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Joined: Aug 2007
Posts: 469
From: A Magical City
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.
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.
Sep 18th 2008 | 9:35 pm
#3
Retired and loving it!
Joined: Sep 2007
Posts: 5,211
From: Ontinyent - Valencia region (campo)
Re: 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
I might even investigate Krugerands myself.
Or, perhaps, someone knows a better source of gold to buy?
Sep 18th 2008 | 9:37 pm
#4
Retired and loving it!
Joined: Sep 2007
Posts: 5,211
From: Ontinyent - Valencia region (campo)
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.
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.
Sep 19th 2008 | 2:20 am
#6
Forum Regular
Joined: Sep 2007
Posts: 93
From: Alhaurin el Grande, Malaga, Spain
Re: Where to put your money??
In the present economic climate, under the mattress!!!!!
Sep 19th 2008 | 2:48 am
#8
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Joined: Mar 2007
Posts: 728
From: España
Re: 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
Sep 19th 2008 | 3:05 am
#11
BE Enthusiast
Joined: Aug 2007
Posts: 469
From: A Magical City
Re: Where to put your money??
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.
Sep 20th 2008 | 3:53 am
#15
Retired and loving it!
Joined: Sep 2007
Posts: 5,211
From: Ontinyent - Valencia region (campo)
