We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
FTSE100 falling fast!
Comments
-
Seems to me another case of Chinese whispers leading to panic.
Doesn't look like Chinese whispers to me. Initial jobless claims and home sales worse than expected and CPI was higher than expected. The the Philly Fed came out -30 against expected 2, as it presages ISM manufacturing the market has accelerated the sell off.0 -
Gold up about 2% today.0
-
1984ReturnsForReal wrote: »http://www.youtube.com/watch?v=NSD11dnphg0&ob=av2n
Yep. Gold is all the way up until people find out they have bought nothing but a piece of paper.
Ecstasy of gold. http://www.youtube.com/watch?v=ZNGe7iK1O-4No reliance should be placed on the above! Absolutely none, do you hear?0 -
Ecstasy of gold. http://www.youtube.com/watch?v=ZNGe7iK1O-4
Like I said.
Its fools gold. Its pieces of paper. Junk.Not Again0 -
1984ReturnsForReal wrote: »Like I said.
Its fools gold. Its pieces of paper. Junk.
If you're buying gold as a hedge against systemic collapse you need it in your hand with the means to protect it.0 -
If you're buying gold as a hedge against systemic collapse you need it in your hand with the means to protect it.
You are okay in Oz, maybe, but this country has 60 million population, and an ability to feed possibly about half of them - that's assuming that farmers continue to bring in crops and somebody delivers them to householders. If the system collapses, the last thing you need to worry about is your bar of gold.No reliance should be placed on the above! Absolutely none, do you hear?0 -
FTSE 100 breached the 5K this morning. Lowest point since July last year.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0
-
There is no hedge against losses, you just have to placed in the right place at the right time and when your there its not what you know, its who you know and what they know about it.
The FTSE is falling, some will be happy, however, when you realise what effect this has on the economy, your livelihood, and your pension funds, ie, your future. You will realise again, while the poor get poorer, the rich get richer.Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
If I was worried about systemic collapse the last thing I'd be buying is gold. Id be buying weapons, ammunition and food with a long shelflife.Faith, hope, charity, these three; but the greatest of these is charity.0
-
You are okay in Oz, maybe, but this country has 60 million population, and an ability to feed possibly about half of them - that's assuming that farmers continue to bring in crops and somebody delivers them to householders. If the system collapses, the last thing you need to worry about is your bar of gold.
I agree. My point was that people are buying gold as a hedge against it all going very horribly wrong and then holding a piece of paper that is a promise from a possibly insolvent bank being propped up by a Government that might be insolvent itself.
Things could get very messy from here very quickly. There is the whiff of 2008 in the air for me only this time Governments have borrowed all that they can too.
I have increasing doubts about this ending well.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards