Crisis not over, the big crash still on its way.

MrEnglish

Where is Hamish?

Has he given up the fight?

At leas be man enough to admit you are wrong.

Or do you really continue to say gold and silver are going to crash soon 100% guaranteed?

bikerfrenzy

I can't understand why consumer debt is still going up when credit is so expensive and the future is uncertain for so many of us.

StevieJ

Old_Slaphead wrote: »

Depends what they've done with the money. It's either in cash or, if they've wasted it, a c/fwd loss - ie reduced shareholder (taxpayer) funds.

Still, plenty of assets to sell off to recoup losses - motorway anyone?

I thought you as a UK citizen had investments in home and overseas companies via stock market funds, you are not alone How much do you think those pension funds have invested at home and abroad? Not to mention the overseas subsidiaries and UK citizens property at home.

UK Foreign Direct Investment
There has been an overall increase in annual flows of investment funds from the UK over the period 2002-2006 reaching £49 billion in 2006 with the value2 of these investments reaching £735 billion in that year. In 2006 the UK was the 4th largest global source of outward FDI, after the USA, France and Spain.

http://www.ukglobalinfluence.org/Docs/Tracking_UK_FDI_Summary.pdf

Thrugelmir

vivatifosi wrote: »

Aren't they called imbalance sheets;)?

Correct terminology is insolvency. A balance sheet always balances.

StevieJ

Thrugelmir wrote: »

Correct terminology is insolvency. A balance sheet always balances.

Not many insolvents have a 'AAA' credit rating

Norfolk_Jim

Gold will hold its value as long as there are still doom mongers and Asian brides - but as long as the physical stuff still attracts VAT in the UK, theres little more use for it in the UK than as dentistry, electronics and bling. If you buy a gold based security then the very meltdown you hold it in fear of will take down your holding vehicle along with everything else.
Baked beans - thats the hoarding investment of choice - you can trade 'em, you can eat 'em. If you stockpile tin openers for when the nation grid goes down as well, you could make a packet.

crazygaijin

Norfolk_Jim wrote: »

Gold will hold its value as long as there are still doom mongers and Asian brides - but as long as the physical stuff still attracts VAT in the UK, theres little more use for it in the UK than as dentistry, electronics and bling. If you buy a gold based security then the very meltdown you hold it in fear of will take down your holding vehicle along with everything else.
Baked beans - thats the hoarding investment of choice - you can trade 'em, you can eat 'em. If you stockpile tin openers for when the nation grid goes down as well, you could make a packet.

You go on thinking that mate. Do you have any idea the gains you are missing out on every year?

IveSeenTheLight

Silverbull wrote: »

Next year Great Britain will owe over 1 Trillion pounds.

Thats about thats about £15000 per man woman and child.

Its about £33000 per working person.

Next year each British household will have to pay about £2000 in interest.

But its not just the UK this time its global.

http://www.youtube.com/watch?v=c6jzbf8EqxY&feature=mfu_in_order&list=UL

Why don't they invest in silver and sell in a years time?
You'd presume they'd be debt free in a year

purch

You'd presume they'd be debt free in a year

...or at the very least own 3 houses :eek:

IveSeenTheLight

MrEnglish wrote: »

Where is Hamish?

Has he given up the fight?

At leas be man enough to admit you are wrong.

Or do you really continue to say gold and silver are going to crash soon 100% guaranteed?

Please bear in mind that the festive period is upon us.
Many people will have much better things to do than waste time repeating things on this forum.
A few days lent does not mean a change in perception.