When is cash King'?

de1amo

With a moderate mortgage and savings i was wondering if cash is now the most 'desirable' investment--i once saw a chart of periods in life when certain things are most 'powerful' it stated that having cash was last desirable back in 1971 -3---how do you 'realise' this desirability--do you invert in something that is inflation proof?--paying the mortgage off to me is not attractive.

bendix

How on earth can cash be king when inflation is currently 3 times the average return you will get from cash?

de1amo

but if you wait longer it will be worth less--if it is invested correctly it will ride the market---inflation is still low historically

bendix

de1amo wrote: »

but if you wait longer it will be worth less--if it is invested correctly it will ride the market---inflation is still low historically

huh?

That makes absolute no sense at all.

greenface

CASH IS KING IF USED RIGHT

Recent purchase of a nice plastic decking system best quote was over £3.5k + V.A.T shook hands job done for £3k cash job done. With Guarantee too. Over £1,000 still in my account saved. Flash the cash save approx 20% on most big deals

de1amo

Gold ---the enemy of inflation.---dont know what the inflation rate is but i get 4 pc on my savings(and pay 2pc on my mortgage)--i doubt the inflation rate in your neck of the woods is 12pc

Jonbvn

I would say that now is the complete opposite to "cash is king". IMHO, now is the time to hold assets such shares and/or commodities.

datostar

greenface wrote: »

CASH IS KING IF USED RIGHT

Recent purchase of a nice plastic decking system best quote was over £3.5k + V.A.T shook hands job done for £3k cash job done. With Guarantee too. Over £1,000 still in my account saved. Flash the cash save approx 20% on most big deals

That wouldn't be a saving on VAT, would it?

de1amo

i was thinking of converting the cash in to an asset as cash is erroding in the bank--last july i bought some gold and its gone up 20pc and i am considering to do something simular-

Loughton_Monkey

de1amo wrote: »

i was thinking of converting the cash in to an asset as cash is erroding in the bank--last july i bought some gold and its gone up 20pc and i am considering to do something simular-

I thought you implied 'Cash is King' and Cash is the most 'Powerful' thing to have?

What made you change your mind (other than common sense?)

bendix

de1amo wrote: »

i was thinking of converting the cash in to an asset as cash is erroding in the bank--last july i bought some gold and its gone up 20pc and i am considering to do something simular-

let me get this right. You post a thread arguing that cash is king and then, eight posts later you say you're going to use that cash to buy an asset because cash is erroding in the bank.

So which is it? Cash is king or gold is king. Make your bloody mind up.