Are things going to kick off this year?

[RichardCranium]

What have you lot done to protect your savings?

Spent them.

[EternalOptimist]

I bought dollars and gold last year with the aim of mitigating inflationary and currency debasement. Gold has done well in that time, but exchanging pounds for dollars was like jumping from the frying pan into another frying pan, and I'm not entirely sure that this debasement and inflationary process isn't going to continue for some time on both sides of the Atlantic.

What have you lot done to protect your savings, apart from having a house and/or a mortgage?

big holidays, churn your car, house repairs, new carpets, buy a chest freezer and stuff it with meat,
stop saving

[TimberWolf]

jeeez why u$d why didn't you go for chf ?

in 2010 why would anyone jump from pounds to dollars ?

Milan.

CHF (which I guess is Swiss Franks) wasn't one of the currencies I was able to open a foreign currency account in IIRC, and dollars seemed a safe bet as if the dollar declined, gold (which I also bought) would rise and visa versa. So for reasons of safety, although it's also perhaps a guaranteed loss. Perhaps I should look at Investors Chronicle or something and get some tips for something safer, though if there were such a place it would likely be overpriced already.

[milanbenes]

I bought dollars and gold last year with the aim of mitigating inflationary and currency debasement. Gold has done well in that time, but exchanging pounds for dollars was like jumping from the frying pan into another frying pan, and I'm not entirely sure that this debasement and inflationary process isn't going to continue for some time on both sides of the Atlantic.

What have you lot done to protect your savings, apart from having a house and/or a mortgage?

jeeez why u$d why didn't you go for chf ?

in 2010 why would anyone jump from pounds to dollars ?

Milan.

[Pondlife]

Bread and circuses (Greggs and X-factor) - don't worry.

Spot on, although I'd substitute Iceland for Greggs.

The fact that almost every ad break in the run up to Xmas covered both these things would suggest you're on to something.

[TimberWolf]

I bought dollars and gold last year with the aim of mitigating inflationary and currency debasement. Gold has done well in that time, but exchanging pounds for dollars was like jumping from the frying pan into another frying pan, and I'm not entirely sure that this debasement and inflationary process isn't going to continue for some time on both sides of the Atlantic.

What have you lot done to protect your savings, apart from having a house and/or a mortgage?

[alreadypacked]

Bread and circuses (Greggs and X-factor) - don't worry.

[Churchill]

Bread and circuses (Greggs and X-factor) - don't worry.





Tone

Chavoflage

[Tingles]

Bread and circuses (Greggs and X-factor) - don't worry.





Tone

[TimberWolf]

Interest rates will go up by at least 50% this year, remember you heard it on here first...

By 0.25 percentage points?

[AtW]

Interest rates will go up by at least 50% this year, remember you heard it on here first...

[RichardCranium]

No.

Next.

[TimberWolf]

High inflation looks to be on the cards. It's getting too big to be concealed by deception and iPods now it seems, everyone appears to be noticing the real rate. And interest rates look set to remain well inflation for the foreseeable future, or the whole house of cards crumbles. So is high inflation, especially on essentials (food, clothes, transport), savings being wiped out, and below inflation wage increases and rioting and pillaging the order of the day?

Does it kick off soon?