When Do We All Withdraw Our Investments and Savings?

Archi_Bald

Wilkins wrote: »

If civilisation were about to end, do you really think they would have a solution?

And why would they want to offer a subscription to you if your money was about to be worth nothing?

ChesterDog

Greavesy, I wonder if that article really did highlight your concerns, as you put it, or did it take your perfectly justifiable and sceptical caution about the economy, and turn those reasonable concerns into a raging inferno of doomladen despair, as it was intended to do. ;-)

Fear not; the solution to the global economic maelstrom is at hand. All we need is a subscription to MoneyWeek. Phew, we're saved. :-)

Biggles

greavesy1984 wrote: »

Even if MoneyWeek is an awful publication, their facts are facts and so cannot be argued with.

Really?

Let me guess, your daily newspaper is the Mail, right?

jimjames

greavesy1984 wrote: »

Even if MoneyWeek is an awful publication, their facts are facts and so cannot be argued with. Or are you saying their facts and figures are wrong dunstonh?

So when you sell your investments, what are you going to get instead? Keep the money? What use will that be once inflation takes hold? Buy stock of tinned food and shotgun?

If anything I'd say that investments are more likely to hold value than cash but if things are so bad that company shares are worth nothing then I don't think you'll really need to be worrying about much other than just surviving, cash or no cash.

greavesy1984

There is a video to accompany the article that isn't an advertisement at all. As Archibold has pointed to, they are predicting a complete meltdown and not an advertisement for their subscription as that would be pointless based on their conclusion from the article.

Chesterdog - where do you get that the UK government are reducing the debt? I cannot find anything that says this, only the opposite. The UK debt is RISING. You say many economic indicators are pointing the right way, which are those?

The US debt is rising at an alarming rate also, and they have only put back the date to which they go bust. If they go will we?

JuicyJesus

People do not seem to realise that while it sounds big and scary, a national debt is not even slightly a bad thing so long as it can be serviced, and while the economy is growing it almost certainly will be. The US's 1yr treasury bond rates are currently below their rate of inflation, for example, so in effect the US government is getting paid to borrow money. If you were in the same sort of situation, it would be an absolute no-brainer to borrow as much as you could.

MoneyWeek talk nonsense.

brasso

greavesy1984 wrote: »

Hi all,

I've got a size-able saving in my current account and I'm looking to invest in stocks and shares. ........... at what point will the country and all our investments no-longer be ours or be worthless like what's happened in Greece, Argentina, Iceland etc in the past? How long have we got left before our country goes bust and all our savings and investments taken away from us?

I have to ask the obvious question: if you believe the economic system is going to disintegrate, why on earth would you be keen to invest in stocks?

Most people who fear calamity buy physical gold or bitcoins or some other commodity like baked beans, and stay well away from the markets.

greavesy1984

I'm keen to invest, reap the rewards and then get out before that happens. Hence my question of when.

ChesterDog

greavesy1984 wrote: »

There is a video to accompany the article that isn't an advertisement at all. As Archibold has pointed to, they are predicting a complete meltdown and not an advertisement for their subscription as that would be pointless based on their conclusion from the article.

Chesterdog - where do you get that the UK government are reducing the debt? I cannot find anything that says this, only the opposite. The UK debt is RISING. You say many economic indicators are pointing the right way, which are those?

The US debt is rising at an alarming rate also, and they have only put back the date to which they go bust. If they go will we?

I didn't say the government is reducing the debt. If only it was! I said it was reducing the deficit, ie the rate of increase of the debt. The debt itself might have to rely on inflation and increasing GDP to start it diminishing.

And doesn't the video end by telling you that you will have to subscribe to MoneyWeek or at least pay someone for some information of some sort, in order to find 'the solution'?

Economic indicators improving? Well increasing GDP and reducing unemployment spring to my mind.

ChesterDog

greavesy1984 wrote: »

I'm keen to invest, reap the rewards and then get out before that happens. Hence my question of when.

Like most questions concerning investment, this is only answerable after the event. If indeed there is one.