What the hell to do with savings now?

missile

LisbonLaura wrote: »

but my younger husband has not!, what a plight............!

Some girls try all their life to find a rich toy boy :rotfl:

cheerfulcat

globevestor wrote: »

Why gold is not a place to keep your money safe? Is it because you can lose it or gold has no interest?

Sorry, that was rather badly worded. What I meant was that gold isn't a good medium for storing money ( assuming that one lives in a reasonably stable country with access to reasonably safe bank accounts, government securities and stock markets ), as the price can be very volatile and, as you say, it doesn't produce an income. It's fine for speculative purposes. All IMO of course.

derrick

So where would you put 500,000 euros now??

missile wrote: »

You have accumulated £500K so it seems you done something right, so keep doing whatever that was.

500,000 euros = £350886, not quite £500k, but still a sizable sum.

LisbonLaura

missile wrote: »

Some girls try all their life to find a rich toy boy :rotfl:

If only............I'm somewhat richer, ...... & he's got a bad back

baby_boomer

What's to worry about? Cash savings have never done better,, thanks to the credit crunch .

Just don't put all your eggs in one basket.

missile

LisbonLaura wrote: »

If only............I'm somewhat richer, ...... & he's got a bad back

That made me laugh>
Maybe a sore back the male equivalent to "Not tonight dear, I got a headache" ?

Maybe you are right to keep an eye out for opportunities with exchange rates. Read an article about a guy who started up his currency hedge fund business with only £100 and it's now worth millions.

Han_naH

I would put 15% in gold with BullionVault.com, in monthly payments over 2 years or so.

I would put 60% in the British pound @ 4.5% interest today.

I would put the remaining 25% into Euros @ 3.5% interest today.

Again, in monthly installments over a period of time.

You see, while gold inflation is 1-2% per year (the same as growth in human population as it happens), paper currencies, oil, stocks etc move relative to that. So you might say that gold is steady over the years, while currencies fluctuate. No, it doesn't pay interest, but worth having.