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Previously on "Since interest rates are well below inflation...."
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I'm down 6k on platinum in the last month. The platinum mine shares I own have tanked since the Cypriot thing. Fooking Europeans.
Oh and because of the bloody Indians.
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As gold prices crash, consumers make a beeline for jewellers | Business Standard
Sales of Gold, Silver Coins Surge Despite Drop in Precious Metals Prices - WSJ.com
Physical Demand For Gold and Silver Skyrockets – Gold Bullion Coin Sales Highest Since December 2009
U.S. gold coin sales surge after historic sell-off | Reuters
etc
The price of gold and silver is manipulated and is driven mostly by heavily leveraged ETF's.
Also Goldman Sachs issued a report saying dump gold, shorted it and made a killing.
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Own up!
Who caused the gold crash
My beautiful gold mine...oh woe is me
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Originally posted by KentPhilip View PostYou could always do something sensible, like buying some blue-chip index shares.
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Originally posted by sasguru View PostPrime(ish) london rental - yields a minimum of 6% and rising + capital gains eventually (or simply a London pad for your sprog*)
* A Paid for property + a good education are the only things I would leave my offspring, otherwise they'll get spoilt.
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Prime(ish) london rental - yields a minimum of 6% and rising + capital gains eventually (or simply a London pad for your sprog*)
* A Paid for property + a good education are the only things I would leave my offspring, otherwise they'll get spoilt.
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You could always do something sensible, like buying some blue-chip index shares.
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Since interest rates are well below inflation....
....in order to subsidise cheap mortgages in order to protect the banks from mass default.....
....apart from day to day living expenses....why not deprive the mainstream banks of your money.....by sticking your savings somewhere else?
(thinking out loud).
1. Put your money into a credit union
Mutual Financial Services - Find Your Credit Union
2. Get an offset mortgage
3. Put some into a peer to peer lending scheme
Zopa UK Loans - Get a great rate loan from Zopa Lenders
4. Buy some gold coins (VAT and CGT free) now the price has fallen (buy when there's blood on the streets).
2013 Gold Sovereigns | BullionByPost® - From £233
5. Charidy (but I don't like to talk about it)
Ethical bank, offering ethical ISAs and charity loans
In other words DON'T FEED THE B(W)ANKERS!Tags: None
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