PDA

View Full Version : Since interest rates are well below inflation....



DimPrawn
18th April 2013, 11:20
....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 (http://www.findyourcreditunion.co.uk)

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 (http://uk.zopa.com/)

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 (http://www.bullionbypost.co.uk/gold-coins/full-sovereign-gold-coin/2013-gold-sovereign/?gclid=CNrW9ZSM1LYCFYHHtAodCB8AeA)

5. Charidy (but I don't like to talk about it)
Ethical bank, offering ethical ISAs and charity loans (http://www.charitybank.org/)


In other words DON'T FEED THE B(W)ANKERS!

KentPhilip
18th April 2013, 13:20
You could always do something sensible, like buying some blue-chip index shares.

sasguru
18th April 2013, 13:27
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.

DimPrawn
18th April 2013, 13:29
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.

You'd need a fair bit of spare cash for that one!

Mich the Tester
18th April 2013, 13:30
You could always do something sensible, like buying some blue-chip index shares.

...and possibly put whatever you can lose into microcredit funds. Sounds crazy, but many of the economies with big growth prospects now are in Africa. People go from a dollar a day to two dollars a day, to five dollars a day and become consumers, savers and self employed businesspeople. Perhaps risky, but it´s arguably also risky to keep investing in deadweight companies in lacklustre economies.

AtW
18th April 2013, 15:13
* A Paid for property + a good education are the only things I would leave my offspring, otherwise they'll get spoilt.

Who will get your CUK account?

rd409
18th April 2013, 15:28
Who will get your CUK account?

Who would want it? It's worthless as it is right now.
I guess you might want to upgrade to it.

BlasterBates
18th April 2013, 15:32
Own up!

Who caused the gold crash :spank:

My beautiful gold mine...oh woe is me :suicide:

Bunk
18th April 2013, 15:43
Own up!

Who caused the gold crash :spank:

My beautiful gold mine...oh woe is me :suicide:

I bought a few grams the other day after it dropped, so expect it to half in the coming months :eyes

DimPrawn
18th April 2013, 16:03
As gold prices crash, consumers make a beeline for jewellers | Business Standard (http://www.business-standard.com/article/markets/as-gold-prices-crash-consumers-make-a-beeline-for-jewellers-113041700572_1.html)
Sales of Gold, Silver Coins Surge Despite Drop in Precious Metals Prices - WSJ.com (http://online.wsj.com/article/SB10001424127887324493704578428332095974800.html)
Physical Demand For Gold and Silver Skyrockets – Gold Bullion Coin Sales Highest Since December 2009 (http://goldandsilverblog.com/physical-demand-for-gold-and-silver-skyrockets-gold-bullion-coin-sales-highest-since-december-0481/)
U.S. gold coin sales surge after historic sell-off | Reuters (http://www.reuters.com/article/2013/04/17/us-gold-coins-idUSBRE93G15Z20130417)

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.

MarillionFan
18th April 2013, 16:52
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.

tractor
18th April 2013, 17:22
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.

Would that be the red ones?

Jeff Maginty
18th April 2013, 19:52
..