Some nice comforting doom

[TimberWolf]

Plus interest rate rises may be around the corner?

[milanbenes]

Dim,

excellent article

this certainly qualifies as an Oh Dear.

I would be worried if I was based in the UK and holding GBP denominated savings and shares.

What are you lot gonna do ?

Good luck all.

Milan.

[DiscoStu]

I've said it before, it's time to join the Euro and let the French & Germans bail us out.

[DimPrawn]

I would be worried if I was based in the UK and holding GBP denominated savings and shares.

What are you lot gonna do ?

.

Good question. Buy property, buy gold, buy foreign shares and bonds, pray?

[Andy2]

Good question. Buy property, buy gold, buy foreign shares and bonds, pray?

I am an atheist but out of all these I will choose pray

[TimberWolf]

How safe is money put into a Euro (or other currency) denominated account, e.g. with HSBC? And do they pay interest? - if it's sat there for years, you might lose more than if you had it in a Sterling account paying tiny interest?

[DimPrawn]

How safe is money put into a Euro (or other currency) denominated account, e.g. with HSBC? And do they pay interest? - if it's sat there for years, you might lose more than if you had it in a Sterling account paying tiny interest?

So lets see. You are worried you are going to lose all your money, but then again you might be wrong and make 10p more in interest by doing nothing.

[TimberWolf]

So lets see. You are worried you are going to lose all your money, but then again you might be wrong and make 10p more in interest by doing nothing.

I think one concern is that the Sterling may only drop say 10% next year, followed by a long slow decline. You won't earn interest on gold in that time either.

[milanbenes]

TW,

more and more I get the feeling, you are not a decision maker.



this appears to be the classic iceberg situation.

Makes for a fantastic spectator sport.


Milan.

[TimberWolf]

TW,

more and more I get the feeling, you are not a decision maker.



this appears to be the classic iceberg situation.

Makes for a fantastic spectator sport.


Milan.

I don't know enough to make a decision.