Reply to: How are you hedging your savings?

[The_Equalizer]

Junior oil explorers. All a bit tulip or bust, but is working so far. Might just about be able to buy a house yet!

[Doggy Styles]

Wheelbarrows. Real ones, not the other sort.

[TimberWolf]

Likewise those 'safe havens' will presumably tank if the currencies mentioned begin to look less iffy. Big 'if'. I notice even CHF has tanked against gold, to the tune of half its value, in the last couple of years alone too.

[filthy1980]

why would anyone be selling gold for paper?

unless you bought paper gold?

all three major currencies are teetering on the edge of collapse, the crisis is being pushed between each of the 3

when the 1st one goes the other will following very quickly

wheel barrow loads of paper won't be much use then, a few small gold coins might come in handy though

[DimPrawn]

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.

You're insane if you don't own gold, investors told - Telegraph



Gold is looking to pull back, and a dip will be the perfect entry point.

Remember, you trade $/£/Euro to buy gold, but you can sell gold anywhere into almost any currency.

[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.

[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]

thanks for good and not-so-good responses

[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?"

[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?

[ChimpMaster]

Wealthy people dont talk about their wealth.

[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.

[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?

[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]

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