My parents are ex contractors (it's in the blood I tell ye) and retired now. They have been retired for years and living quietly off the interest from their modest war chest and meagre pension.
The trouble is, there is no interest, or much less. They carry on regardless and don't make a fuss, but I am genuinely worried for them, and I reckon they may well be a few on here with parents in the same or similar situations.
Now, my question is this. Given that the QE of late could devalue the pound, or create hyperinflation, or some such other GBP related doom, and they are earning next to no interest, should they move their money into something else, such as gold for example?
The trouble is, there is no interest, or much less. They carry on regardless and don't make a fuss, but I am genuinely worried for them, and I reckon they may well be a few on here with parents in the same or similar situations.
Now, my question is this. Given that the QE of late could devalue the pound, or create hyperinflation, or some such other GBP related doom, and they are earning next to no interest, should they move their money into something else, such as gold for example?
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