stock market crash

[DimPrawn]

5-6%?

It will never happen now, more likely 5-6% annual tax on savings.

-5 to -6% perhaps.

Talking of which I got a txt today from my bank, my overdraft rate is going up from 18% APR to 38% APR.

Not that I use my overdraft, but wow, talking about gouging customers for money!

[AtW]

Free banking, innit?

[scooterscot]

Interest rates will rise the moment the bond market implodes. It is a monster bubble.

[AtW]

Interest rates will rise the moment the bond market implodes. It is a monster bubble.

Why would banks pay more to savers when central banks offer unlimited free money?

Now interest rates charged by banks could go up

[DealorNoDeal]

If it was just me, I'd withdraw most of the savings and buy gold coins.

The OH is more conservative but if rates go negative she might change her mind.

[AtW]

If it was just me, I'd withdraw most of the savings and buy gold coins..

Buying is easy.

Try selling them and see how much you get back.

[DimPrawn]

Buying is easy.

Try selling them and see how much you get back.

A rather wide bid / ask spread with gold coins.

[AtW]

Buying shares in gold diggers (miners) might achieve same result - more liquid to sell and can use ISA...

[DimPrawn]

Buying shares in gold diggers (miners) might achieve same result - more liquid to sell and can use ISA...

I got burnt last time dealing with gold diggers....

[AtW]

I got burnt last time dealing with gold diggers....

Smelting accident?