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Save or Buy
chili1496
Posts: 167 Forumite
As above what would be a good choice to do with the bit surplus money i have? save it in a bank and get next to nothing back in the way of interest or buy some gold coins or something similar?
i am not talking 100's or 10's of thousands here i am thinking roughly 5k.
at the moment it is sat in a nationwide account.
i am not talking 100's or 10's of thousands here i am thinking roughly 5k.
at the moment it is sat in a nationwide account.
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Comments
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How easily do you need to be able to access it? What other savings do you have? Both of these have a bearing on things.. . .I did not speak out
Then they came for me
And there was no one left
To speak out for me..
Martin Niemoller0 -
At least in the bank it will always be worth £5000.
Turn that £5000 into gold and there is a risk(small one though) that it maybe worth less when you need to sell it.
On the other hand there is potential to make more than the measly interest that they give you.Censorship Reigns Supreme in Troll City...0 -
The higher the potential return the more risky the investment is. It's the financial law.0
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access to the cash is not dire, i could get by
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