Stock market crash!

[DimPrawn]

http://newsvote.bbc.co.uk/1/shared/f.../3/default.stm

FTSE down 0.01%

[TimberWolf]

http://newsvote.bbc.co.uk/1/shared/f.../3/default.stm

FTSE down 0.01%

up

[DimPrawn]

Stock market up 0.01% now.

Panic over.

[Jeebo72]

Oh man, my net worth is down £12 ... wish I hadn't had those 3 pints at lunch now ...

[TimberWolf]

When's the time to move out of Sterling (aside from years ago), how and where to?

[Jeebo72]

I'd go from Sterling to Edinburgh, much more hapening place ...

[DimPrawn]

When's the time to move out of Sterling (aside from years ago), how and where to?

Well, sterling is still pretty high against the dollar and lets face it, that situation is going to change when the UK declares itself bankrupt.

So why not buy gold now and then sell it into dollars when the UK goes pop.

http://www.bullionvault.com/

[TimberWolf]

Well, sterling is still pretty high against the dollar and lets face it, that situation is going to change when the UK declares itself bankrupt.

So why not buy gold now and then sell it into dollars when the UK goes pop.

http://www.bullionvault.com/

Too scared because of recent rises and the shoe shine boy effect, although Gold may be a less scary place to be than Sterling next year. How much of savings (as a percentage if you like) have you got in Sterling?

[DimPrawn]

At the moment a few percent only.

Some in defensive stocks paying high dividends.

Mostly sterling spread around lots of instant access UK banks paying around 3% interest before tax.

As property prices are now obviously never going to fall, more of that money is going to go into other assets to try to keep pace with the rapid rise in property prices.

[TimberWolf]

Anyone know of any decent defensive stocks?