How are you hedging your savings?

[AtW]

Bought and sold gold. Kerrchinnng!
Bought high yielding equities (across all the main stock exchanges). Gained on share price and received dividend yield. Kerrchinnng!
Punted a load of cash on Zopa getting a combined return of about 8%. Kerrchinnng!

Then I woke up and found myself in my old shell with a lot of holes, it was wet too.

HTH

DimPra\/\/n

[MarillionFan]

Then I woke up and found myself in my old shell with a lot of holes, it was wet too.

HTH

DimPra\/\/n

You don't believe him? Shame on you!

[AtW]

You don't believe him?

Mr Prawn in CUK is what Mad Hatter was in Alice in Wonderland - ever since he sold his Cyprus villa for euros and converted them to GBP just before sterling tanked, he totally turned into Mad Prawn.

I mean FFS, what kind of person would move from Swindon to Newcastle?

[OwlHoot]

I mean FFS, what kind of person would move from Swindon to Newcastle?

From one or two of his past posts I'm guessing he and/or his OH wanted to get into hoteliery (if there is such a word), and hotels are cheaper oop north.

Commendable enterprise if so.

[ChimpMaster]

Wealthy people dont talk about their wealth.

[RichardCranium]

Alan Johnson seems a descent bloke, but he's not equipped to be chancellor.

You mean the incompetent liar? Or did you use "descent" on purpose, rather than it being a typo?

[d000hg]

Hi guys

With the GBP and EUR slowly sliding how are you guys protecting your purchasing power and savings?

Are you speculating in foreign currencies or commodities or precious metals?

Are you taking out loans to match your savings in order to benefit from inflation?

Let me hear your strategies.

Surely you are not trusting it to our honoured politicians and bankers to protect your savings.

Everything's in the business account right now - been building up funds since we were down to the wire a year or so ago. I do have GBP and USD accounts with HSBC though so I can move stuff around or split it between accounts.
I also get paid in USD right now which I notice is strengthened a bit from 1.6x to 1.5x right now which is nice. I think HSBC will give me accounts in any regular currency but I haven't got as far as looking beyond GBP, EUR and USD since I'm primarily in "creating savings mode" rather than "what do I do with my savings?"

[ThomasSoerensen]

thanks for good and not-so-good responses

[alreadypacked]

Everything's in the business account right now - been building up funds since we were down to the wire a year or so ago. I do have GBP and USD accounts with HSBC though so I can move stuff around or split it between accounts.
I also get paid in USD right now which I notice is strengthened a bit from 1.6x to 1.5x right now which is nice. I think HSBC will give me accounts in any regular currency but I haven't got as far as looking beyond GBP, EUR and USD since I'm primarily in "creating savings mode" rather than "what do I do with my savings?"

Everytime the Fed. prints $ the BOE prints £ to keep the two currencies in some sort of parity. So if one currency goes, they both will.

HTH

[ThomasSoerensen]

Everytime the Fed. prints $ the BOE prints £ to keep the two currencies in some sort of parity. So if one currency goes, they both will.

HTH

This is also what I think, and ECB is also in the game of printing.

That is why I have been thinking about CHF.

but I don't really like to speculate, as I don't think I am any good at it. I just don't want to feel @$$-raped by the Feds when I am working hard to create savings.