uncle spielburg money matters

[Lokki 7]

along with the shot gun of course

Of course. And a tin hat. If I could be bothered to look back on NSC I made the prediction 2 years ago.

 

[coventrygull]

Of course. And a tin hat. If I could be bothered to look back on NSC I made the prediction 2 years ago.

I think some people don't realise just how bad things could get.

 

[severnside gull]

Yep, that's the right answer. Buy the physical and stick it under your bed.

will need to buy a bigger bed as space currently full with cash removed from bank accounts

 

[coventrygull]

will need to buy a bigger bed as space currently full with cash removed from bank accounts

Just use the cash to buy gold

 

[Lokki 7]

I think some people don't realise just how bad things could get.

A good friend of mine and former head credit trader at a major investment bank is in the process of moving his family to New Zealand because he believes these are the opening signs of a global financial collapse leading to a collapse of society as we know it. Perhaps a little extreme but by no means impossible.

 

[coventrygull]

A good friend of mine and former head credit trader at a major investment bank is in the process of moving his family to New Zealand because he believes these are the opening signs of a global financial collapse leading to a collapse of society as we know it. Perhaps a little extreme but by no means impossible.

Quite possible. I can see the system tottering on for a couple of years and then it going into freefall.

 

[Lokki 7]

Quite possible. I can see the system tottering on for a couple of years and then it going into freefall.

What a cheery thread. DICK KNIGHT OUT!!!

 

[coventrygull]

What a cheery thread. DICK KNIGHT OUT!!!

capitalist pig

 

[Tooting Gull]

There's something about investing in GOLD that really appeals to me - however, in horseracing speak, people have probably missed the price and the big gains are gone, even if it still might be a better bet than bank savings interest.

If you bought £1,000 of gold a year ago, it would now be worth £1,400. You won't get 40 per cent a year in many other places, aided by the relative rise of the dollar - in which gold is bought and sold - against the pound.

Going even further back, it was lower still. That was about the time Brown decided to sell it all. Dickhead.

 

[lost in london]

I heard some very dodgy things about Barclays from a contact at the FSA. Sure Lokki knows more, but from what she was saying they are hanging on by the skin of their teeth.

 

[Pavilionaire]

I wouldn't touch any bank shares with a barge pole, and keeping your money under the mattress has never looked so appealing.

The Panorama expose of RBS last night shows what these bank chiefs are capable of.

 

[Uncle C]

There's something about investing in GOLD that really appeals to me - however, in horseracing speak, people have probably missed the price and the big gains are gone, even if it still might be a better bet than bank savings interest.

If you bought £1,000 of gold a year ago, it would now be worth £1,400. You won't get 40 per cent a year in many other places, aided by the relative rise of the dollar - in which gold is bought and sold - against the pound.

I would go along with this. Gold is sitting above its trend line and in the future will/may show some increase, but eventually it will fall and you may make losses. Another problem is what do you do with it? Do you stick it under the mattress and wait to be robbed or do you get a certificate and trust someone else to look after it for you?

The trick is to move into a market before the herd. Property now has potential, as do share ISAs at present which are very cheaply priced.

 

[Pavilionaire]

Put your money into Slumberland shares as the demand for mattresses to put money under is rising all the time.

 

[Matt Richards]

Whilst buying shares in any company is risky (as share prices may go up or down) Barclays is particulalry risky. That said the potential returns are that much higher. If things pan out well for Barclays they (along with other banks) will get through the nightmare that is happening at the moment and return to being banks. If this happens the current price will be a bargain and you will make a very good return.

Obviously the potential downside is that the government is forced to inject money into them (causing a further decline in the share price) or that social and political pressures force them to buy it out all together (in which case you will simply lose all money you have invested).

The reality is that the government will not allow any of the banks to go bust and so at some stage they will return to being the high-profit making institutions they once were. The question you need to ask is will Barclays go through a period of government owenership in order to get there.

 

[coventrygull]

I would go along with this. Gold is sitting above its trend line and in the future will/may show some increase, but eventually it will fall and you may make losses. Another problem is what do you do with it? Do you stick it under the mattress and wait to be robbed or do you get a certificate and trust someone else to look after it for you?

The trick is to move into a market before the herd. Property now has potential, as do share ISAs at present which are very cheaply priced.

Property has potential? Prices are falling and I can never see them rising for a long time. Same with bank shares.

 

[Uncle C]

Property has potential? Prices are falling and I can never see them rising for a long time. Same with bank shares.

Of course its still falling thats why there are bargains to be had. Too late when every man and his dog wants to jump back in.
The additional benefits of property over gold is that it is useful. It can save you having to pay rent, or can generate a rental income. Gold has no such value.

 

[coventrygull]

Of course its still falling thats why there are bargains to be had. Too late when every man and his dog wants to jump back in.
The additional benefits of property over gold is that it is useful. It can save you having to pay rent, or can generate a rental income. Gold has no such value.

I see your point but you have to be carefull what you buy. I just can't see property ever getting to inflated prices again. Property is of little value if it gets bombed during the revolution or taken over by the state

 

[sten_super]

I see your point but you have to be carefull what you buy. I just can't see property ever getting to inflated prices again.

I'm sure people have said similar before...

 

[Tom Hark Preston Park]

Think I'll stick with my shares in Ludorum, developers of Chuggington, Dennis & Gnasher and Marvo The Wonder Chicken Chuggington in particular is set to take over kiddieworld in a Bob The Builder stylee

Oh, and tried and trusted SCOTTISH oil exploration company Cairn Energy. They're good value.

 

[Rusthall Seagull]

A good friend of mine and former head credit trader at a major investment bank is in the process of moving his family to New Zealand because he believes these are the opening signs of a global financial collapse leading to a collapse of society as we know it. Perhaps a little extreme but by no means impossible.

are they not in a major recession in New Zealand then? ?