Are there any safe havens for personal wealth ?

Rhino666

What do individuals with substantial personal wealth do with their savings now ?

1) Stockmarkets in turmoil
2) Banks having serious problems
3) Housing falling in value
4) Gold price very unstable

These are worrying times for ordinary people but what options are now available to your average millionaire ?

Moon_Boi

Rhino666 wrote: »

What do individuals with substantial personal wealth do with their savings now ?

1) Stockmarkets in turmoil
2) Banks having serious problems
3) Housing falling in value
4) Gold price very unstable

These are worrying times for ordinary people but what options are now available to your average millionaire ?

Government Bonds?

missile

what options are now available to your average millionaire ?

Buy a carribean island and enjoy life

Primrose

Perhaps buy land? There is a finite supply of it and although there's no demand for land and building at the moment, once we're out of the recession, the market will turn around.

Radiantsoul

Rhino666 wrote: »

What do individuals with substantial personal wealth do with their savings now ?

1) Stockmarkets in turmoil
2) Banks having serious problems
3) Housing falling in value
4) Gold price very unstable

These are worrying times for ordinary people but what options are now available to your average millionaire ?

Short selling shares.

eeja

Rhino666 wrote: »

What do individuals with substantial personal wealth do with their savings now ?

1) Stockmarkets in turmoil
2) Banks having serious problems
3) Housing falling in value
4) Gold price very unstable

These are worrying times for ordinary people but what options are now available to your average millionaire ?

Rhodium...a very rare and precious metal or better still known famous works of art. How about a Rembrandt ?

Ivor_Bigun

eeja wrote: »

Rhodium...a very rare and precious metal or better still known famous works of art. How about a Rembrandt ?

Can you buy Rhodium coins?...got enough Krugerrands :j

SmileyG_2

Buy something useful and then forget how much it cost you.

Even Milton Friedmann said they key to wealth was not to save too much!

Ivor_Bigun

SmileyG wrote: »

Buy something useful and then forget how much it cost you.

Even Milton Friedmann said they key to wealth was not to save too much!

Yeah, buy a Mercedes S65 AMG, you'll loose £50k depreciation in the first year...but it's only money :j

chopperharris

missile wrote: »

Buy a carribean island and enjoy life

until the neighbours want to build a hotel , take that sir richard branston in a pickle.

I hate that guy , conceited love child.He says "be green" but sells holdiays then complains when a hotel wants to be built along from his "private island to himslef and the stars".

eeja

Ivor_Bigun wrote: »

Can you buy Rhodium coins?...got enough Krugerrands :j

Found this on the web..perhaps Rembrand etchings are best as they are still affordable

There are a few reasons why they don't make rhodium coins or rhodium bullion:

• Rhodium: rare. There are only 25 tons of it mined per year
• Rhodium: brittle. If it were in coin or bullion form, it could easily break.
• Rhodium: expensive. An ounce it would costs thousands of dollars. Rhodium reached $10,000 for 1 oz this year, I'd imagine that a coin would have had a 10% premium. It is only $1300 for 1 oz now, but if they had them, they wouldn't be selling for any less than $3000