How are you hedging your savings?

[ThomasSoerensen]

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.

[TimberWolf]

I bought gold and dollars last year. Gold has 'gone up' about 24% in that time while dollars have lost about that amount I expect, considering one is measured against another.

[ThomasSoerensen]

And has that protected your initial investement, made in GBP I presume?

[DimPrawn]

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!

All in all giving inflation a good run for it's money.

[MarillionFan]

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!

All in all giving inflation a good run for it's money.

Zopa. 8% on £50 for 200 hours effort. Well done.

[FiveTimes]

I'm hedging my savings by buying loads of sledges and flogging them

MF

[MarillionFan]

I'm hedging my savings by buying loads of sledges and flogging them

MF

Ain't that the troof. Praise d'lord.

[milanbenes]

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.

Tomas,

considering your client I'd have thought you'd have moved into chf yonks ago

there no currency speculation involved it's simply a case of get out of dodge, I mean, out of u$d, £ and euro and into something safe like chf/norwegian krona etc

sprinkle in some au

and voila you will sleep peacefully

Milan.

[DimPrawn]

Zopa. 8% on £50 for 200 hours effort. Well done.

I've got £300K in Zopa.

HTH

[Old Greg]

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.

Moved from savings into fixed rate debt. Cleaning up with inflation.