Safest place to put your money suggestions

dadsarmy

unhealthyman wrote: »

God... Shut up already. Climb into your paranoid bunker surrounded with mountains of baked beans and barricade your doors with gold and leave the rest of us in peace.

Unhealthyman - are you Martin in disguise?

harbinger13

Yoshua wrote: »

The banks are only safe if the proposed pay out make good on their promises.

There just isn't enough money in the system!

.

True there is not enough money - but there was never enough money to begin with.

Hypothetically - Imagine if the whole world (yes whole world) one fine morning (when the markets were at its highest - say June 2007), from Papa New Guinea to Hawaii - got up and decided to withdraw ALL their money in the banks and decide to put it under their mattress. There would be never enough, hard cash, to pay out to every one.

So you know that this hypothetical day would never occur. Why? It is the confidence that the Banking/Govt has in you (people) that they will never withdraw ALL of the cash at the same time.

Similarly is the above case, there may not be enough money - it is the notional value of money that counts (the confidence that you have in the Govt) - hence when the guarantee is given to support the Banks - you do not withdraw all of the money and you let the difficult times pass.

unhealthyman

dadsarmy wrote: »

Unhealthyman - are you Martin in disguise?

I'm not sure if that is meant as a compliment or an insult.

David_Mickovsky

There is nothing really safe. Gold might be, but you never know.

Yoshua

David_Mickovsky wrote: »

There is nothing really safe. Gold might be, but you never know.

The safest is to have 3 box system.

1st box 100% safe quick access but no return, eg. cash under the mattress.

2nd box mid risk mid return take time to be able to use it eg. Gold Silver investments.

3rd box high risk but proposed 5% approx (after tax) UK banks and BSociety`s. Just hope the Government keeps its promises about guaranteeing them up to 50K.


I didnt even metion anything to do with shares. Its not the bottom yet.

A very wise man once told me his secret to his wealth -

"When Gold is cheap buy Gold, When houses are cheap buy houses, NEVER BUY SHARES".

novazombie

Yoshua wrote: »

The safest is to have 3 box system.

1st box 100% safe quick access but no return, eg. cash under the mattress.

2nd box mid risk mid return take time to be able to use it eg. Gold Silver investments.

3rd box high risk but proposed 5% approx (after tax) UK banks and BSociety`s. Just hope the Government keeps its promises about guaranteeing them up to 50K.


I didnt even metion anything to do with shares. Its not the bottom yet.

A very wise man once told me his secret to his wealth -

"When Gold is cheap buy Gold, When houses are cheap buy houses, NEVER BUY SHARES".

I agree with that man.

When he said buy gold did he mean paper or physical?

Whats the best way right now to put some into Gold?

RDB

novazombie wrote: »

I agree with that man.

When he said buy gold did he mean paper or physical?

Whats the best way right now to put some into Gold?

Gold Certificates

The Perth Mint Certificate Programme is the only government backed precious metal certificate programme in the world. It allows investors to own bullion in unallocated or allocated accounts. The Perth Mint is rated AAA by S&P credit rating agency and is one of the safest and securest ways to own investment grade gold bullion. There are no initial or ongoing shipping, insurance, holding or custodial fees and thus it is one of the most cost effective ways for investors to own bullion. Most investors opt to own their bullion in unallocated accounts as there are no insurance or holding fees on them and there is the flexibility of being able to transfer to an allocated account simply by paying small fabrication fees should the investor deem it necessary. Bullion can be shipped internationally from an allocated account or from an unallocated account once it has been converted to allocated.

quoted from moneyweek.com/investments/precious-metals-and-gems/a-beginners-guide-to-investing-in-gold.aspx?utm_source=website&utm_medium=intl-banner&utm_campaign=Banner-gold