Where to invest money in a crisis

toomsie

Computer_Beginner wrote: »

Very true.
But unfortunately, so many of the British public are completely taken in by the government and mainstream media propaganda.

If the government built 20 million council houses next year and virtually guaranteed everyone a free (or very low rent) home for life, UK productivity would increase massively.

Why?

1. Companies could pay lower wages, offer flexible working and take more risks - because the workers would have more disposable income and home security etc.
2. All the money currently locked up in unproductive house price "equity" would be released to be spent on more productive parts of the economy. Workers could buy shares, goods etc.
3. Individuals could take more risks setting up businesses etc. Because they wouldn't have to worry about their homes being seized if they went bankrupt.

The free market can do that much better and cheaper if the government relaxes planning permission. If I can get a prefab from Alibaba.com it would be a lot better then what I am living in.

I could get a shipping container house. Unfortunately, the land is vastly more expensive than the house
https://www.ebay.co.uk/itm/Converted-Shipping-Container-Home-/202445695383

cleverdicky

They should have taxed the profit people make on houses right from the start.
Too late now of course.

Malthusian

cleverdicky wrote: »

They should have taxed the profit people make on houses right from the start.
Too late now of course.

Was never going to happen because it would punish people for house price inflation, something outside their control.

If you had a house and wanted to move to an equally nice house in an equally good area (e.g. due to a change of job), you wouldn't be able to. The increase on your house would be cancelled out by the equivalent rise on the house you wanted to buy. On top of that you would have to pay capital gains tax. So you would have to move to a poorer house in order to release the money to pay the capital gains tax bill. (This already happens to a small extent with stamp duty and solicitors and other moving costs, but applying a large percentage-based tax would ramp it up to 11.)

House price inflation only benefits you if you are selling to rent, selling to buy a less valuable house (generally only applies to the elderly) or inheriting. Most people sell their house in order to upgrade or move, and house price inflation is of zero or negative benefit to them because the house they want to buy has also gone up.

AG47

Today's silver prices are the lowest in most of our living memory compared to gold.

You can now buy 86oz of silver for every one of gold.

If the gold/silver ratio was the historic norm of 15, the equivalent of 100 ounces of gold would be 1,500 ounces of silver. The spot price of silver would be $87.

If the G/S ratio was the actual ratio of 9, the equivalent would be 900 ounces of silver. The spot price of silver would be over $144 per ounce.

Today (11/14/2018), the spot price of gold is $1200, and the spot price of silver is $14. This is a G/S ratio of 86. It would cost $120,000 to purchase 100 ounces of gold. It would cost $21,000 to purchase 1,500 ounces of silver, and $12,600 to purchase 900 ounces of silver. A monster box of 500 silver ounces would cost $7,000.

86:1 is the highest ever GSR in living memory. It is absolutely absurd considering there are millions of tons of gold building up and up around the world, every year gold becomes more abundant and silver becomes more depleted and more rare.

I wonder how much more absurd this ratio will get before the correction? 90:1 isn't far away, but then even 100:1 is possible.

There is no way gold can rise without silver, if the ratio gets much higher than 100:1 then some of these large gold holders could buy all remaining silver left available in the world.

Connor2311

I've read loads about how gold is a good way to protect your wealth in times of crisis and uncertainty. Loads of people do it apparently and I have used BullionByPost a few times :-)

AG47

Connor2311 wrote: »

I've read loads about how gold is a good way to protect your wealth in times of crisis and uncertainty. Loads of people do it apparently and I have used BullionByPost a few times :-)

Long term 15 oz of silver have been valued the same as one of gold.

Today silver is 86:1

Silver is a far better buy than gold right now, and when the ratio corrects back down nearer to 15:1 you can buy a lot more gold with your silver

evosy1978

AG47 wrote: »

Long term 15 oz of silver have been valued the same as one of gold.

Today silver is 86:1

Silver is a far better buy than gold right now, and when the ratio corrects back down nearer to 15:1 you can buy a lot more gold with your silver

What's the best or most convenient way to buy silver. Is there a premium for buying it in physical form ?

evosy1978

Connor2311 wrote: »

I've read loads about how gold is a good way to protect your wealth in times of crisis and uncertainty. Loads of people do it apparently and I have used BullionByPost a few times :-)

Just been on their site. Why are products such as the 1oz bars so much more than the actual oz price?

The-Joker

evosy1978 wrote: »

Just been on their site. Why are products such as the 1oz bars so much more than the actual oz price?

There is 20% VAT added on in the UK, but dont worry this is what you can sell for as well.

The price of silver inside UK boarders is 20% more than outside.

Look on ebay and all the 1oz silver bars or coins have the 20% added on.

GreatApe

The best investment has always been and will always be to invest in yourself

Most of you would do better to spend an hour a day in the gym rather than try to guess what the price of stocks shares gold silver and altcoins will be in a years time. In a years time you will probably be no better off trying to guess those things but in a years time you will be much better off in multiple ways if you hit the gym

or spend an hour a day trying to improve your job prospects.
or an hour a day improving your relationship prospects
or an hour a day just on doing something you enjoy and makes you happy