BoE to start printing money

Wookster

passau91 wrote: »

That was my thinking generally and I am only talking about preserving the value to date, so my only real thought was gold bullion.

Again, gold is subject to speculation and in these sort of times volatility seems to be the rule of the day you could win big or lose big... esepecially if you were forced to sell at any given point for whatever reason.

Generali

drum wrote: »

Hello

Excuse me for asking, but what impact do you think that will have in the short/medium term on Government gilt prices ? Positive? Negative?

Just trying to protect my elderly mothers portfolio as best I can

Thanks

That's a very good question and TBH I don't know.

Best guess would be short term positive, longer term negative.

Of course if you hold a bond to maturity you know exactly what you're getting in nominal terms at least.

I think the best risk adjusted investment out there right now for a Briton is Index Linked Gilts. After that, productive farmland that you can rent out.

FoxtonsRIP

Printing money = rampant inflation = economic madness

Will they ever learn?

purch

the worry that perhaps Gold prices are very near the top

Gold prices might very well be near the Top for this current spike, but I believe it will very likely go much higher over the following 5-10 year span.

vintage1977

I have to say, I quite like the notion that having William Hague, Ian Duncan Smith and Michael Howard run the country for the past decade would have led to us being in a better position today. I don't buy it, but I like the sound of it.

StevieJ

vintage1977 wrote: »

I have to say, I quite like the notion that having William Hague, Ian Duncan Smith and Michael Howard run the country for the past decade would have led to us being in a better position today. I don't buy it, but I like the sound of it.

Well lets have a look at one of them

http://www.youtube.com/watch?v=BklT7Qy07Is

drum_3

Generali wrote: »

That's a very good question and TBH I don't know.

Best guess would be short term positive, longer term negative.

Of course if you hold a bond to maturity you know exactly what you're getting in nominal terms at least.

I think the best risk adjusted investment out there right now for a Briton is Index Linked Gilts. After that, productive farmland that you can rent out.

Thank you Generali

We were thinking of getting rid of the shares side of the portfolio but hanging onto the Treasury Stock but not so sure now.

Trip to the stockbrokers might be in order!

Seems a new question has to be asked almost daily at the moment and people like me just don't have the knowledge to answer them.

murphydavid

So, for a complete novice in Gold – How’s it done? Is there a UK equivalent of Krugerrands? Do you just nip down the bank and buy them like exchanging currency. What does the middle man charge? commission or price differential and what is it? Is there a way to invest in it safely without actually handling it?

passau91

murphydavid wrote: »

So, for a complete novice in Gold – How’s it done? Is there a UK equivalent of Krugerrands? Do you just nip down the bank and buy them like exchanging currency. What does the middle man charge? commission or price differential and what is it? Is there a way to invest in it safely without actually handling it?

Yep, let's have a gold bullion buying lesson for novices, AND how to store it safely - more tangible assets at home = more risk of being burgled or worse, burgled while you are at the mercy of the burglars!

I know that in the UK we have gold sovereigns and I read on one website that despite containing less gold than say Canadian Maple Leaf bullion coins, they are always consistent and have a numismatic value as well, so that sometimes the coin can be worth more than the value of the gold it contains. I would feel comfortable with drip feeding some money into gold in this way, so long as I don't lose the coin or get mugged.

Otherwise holding a fungible gold account sounds very expensive and you are still at the mercy of your institution going bust, although the websites I have read state that the gold in a fungible gold account is yours and must be handed to you by the insolvency practitioners, unlike cash in the bank where you just rate amongst the ordinary creditors (but there is the £50K Government backed scheme for cash deposits).

Generali

drum wrote: »

Thank you Generali

We were thinking of getting rid of the shares side of the portfolio but hanging onto the Treasury Stock but not so sure now.

Trip to the stockbrokers might be in order!

Seems a new question has to be asked almost daily at the moment and people like me just don't have the knowledge to answer them.

Frankly nobody has the answers to the questions being asked currently.

Some people put themselves up to gives answers authoritatively and with gravitas but frankly (and speaking as someone who predicted this debacle) there is not one single person on this planet who knows how it'll play out.

Lots of people will make predictions and a few will get lucky but not one single person knows.