Where to put your money??
Sep 19th 2008, 9:28 am
#1
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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, 10:34 am
#2
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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, 10:35 am
#3
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Re: Where to put your money??
Originally Posted by Rotor
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 19th 2008, 10:37 am
#4
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Re: Where to put your money??
Originally Posted by TheLostPhotographer
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, 12:59 pm
#5
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Re: Where to put your money??
Originally Posted by snikpoh
By that token, wouldn't coal be a good bet?
Depends how big your bunker is
Sep 19th 2008, 3:20 pm
#6
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Location: Alhaurin el Grande, Malaga, Spain
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Re: Where to put your money??
In the present economic climate, under the mattress!!!!!
Sep 19th 2008, 3:31 pm
#7
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Re: Where to put your money??
Originally Posted by Rotor
Depends how big your bunker is
Sep 19th 2008, 3:48 pm
#8
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Re: Where to put your money??
Originally Posted by Rotor
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, 3:57 pm
#9
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Re: Where to put your money??
Originally Posted by twyntub
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.
Sep 19th 2008, 4:03 pm
#10
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Re: Where to put your money??
Originally Posted by Fred James
Yes and if the Government hadn't stepped in you would have lost the lot!
Sep 19th 2008, 4:05 pm
#11
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Re: Where to put your money??
Originally Posted by twyntub
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.
Sep 19th 2008, 4:38 pm
#12
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Re: Where to put your money??
Originally Posted by TheLostPhotographer
Cash under the mattress is the worse thing to do with rising inflation.
Sep 19th 2008, 5:01 pm
#13
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Re: Where to put your money??
Originally Posted by twyntub
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.
35k will under the bed
Sep 20th 2008, 12:31 am
#14
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Re: Where to put your money??
Originally Posted by Fuzzlepop
Yeah invest 35k in coal
Sep 20th 2008, 4:53 pm
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Re: Where to put your money??
Originally Posted by jurdyr
short time trading has been stopped , on most markets mmmmm
35k will under the bed
35k will under the bed
