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Holding on to your savings

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    Holding on to your savings

    No interest from banks, not yet time to invest in property or the stock market. It's difficult to know what to do.

    I suggest the following

    1/3 in Gold
    1/3 in Swiss Francs
    1/3 in Sterling/selected shares
    Hard Brexit now!
    #prayfornodeal

    #2
    Thanks
    "Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny. "


    Thomas Jefferson

    Comment


      #3
      Thanks. I only have £6.45 in my bank account. what shall I do with that?
      McCoy: "Medical men are trained in logic."
      Spock: "Trained? Judging from you, I would have guessed it was trial and error."

      Comment


        #4
        Originally posted by sasguru View Post
        No interest from banks, not yet time to invest in property or the stock market. It's difficult to know what to do.

        I suggest the following

        1/3 in Gold
        1/3 in Swiss Francs
        1/3 in Sterling/selected shares
        Gold and the dollar are very high, go ahead ! great bit of advice ! Should we save our Easter eggs too ?

        Comment


          #5
          The point is that Labour tinkering is likely to result in massive inflation in the long run so don't keep all your money in sterling.

          HTH
          Hard Brexit now!
          #prayfornodeal

          Comment


            #6
            Originally posted by lilelvis2000 View Post
            Thanks. I only have £6.45 in my bank account. what shall I do with that?
            Buy Iceland?
            Is God willing to prevent evil, but not able? Then he is not omnipotent. Is he able, but not willing? Then he is malevolent. Is he both able and willing? Then whence cometh evil? Is he neither able nor willing? Then why call him God? - Epicurus

            Comment


              #7
              Originally posted by Number9 View Post
              Should we save our Easter eggs too ?
              Yes, chocolate will be expensive later in the year.

              Comment


                #8
                Originally posted by sasguru View Post
                No interest from banks, not yet time to invest in property or the stock market. It's difficult to know what to do.

                I suggest the following

                1/3 in Gold
                1/3 in Swiss Francs
                1/3 in Sterling/selected shares
                Seems pretty reasonable tactic to me.

                I would be tempted by oil too. Depends on how many years you are planning to hold on to your investments.

                Cash in a bank might not appreciate much interest, but it's a very liquid way yo hold your wealth at the moment if you see an opportunity to make money appear at short notice.

                Comment


                  #9
                  Originally posted by sasguru View Post
                  No interest from banks, not yet time to invest in property or the stock market. It's difficult to know what to do.

                  I suggest the following

                  1/3 in Gold
                  1/3 in Swiss Francs
                  1/3 in Sterling/selected shares
                  Apparently Merrill Lynch say that clients favour physical gold over ETFs. Things are that bad.

                  Comment


                    #10
                    What about beans? They should be a relatively safe way to hold onto savings, if not necessarily turn a profit. You can even eat them.

                    Comment

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