Liquidate entire portfolio until virus is over?

port_of_spain

EdGasketTheSecond said:

Inflation is theft

The only theft in that chart is of the interest you'd get by holding pounds (or other real-world currencies) in an instant-access savings account. Which would roughly match inflation over the period. I remember getting 15.33% interest on one account, about 30 years ago.

eskbanker

bowlhead99 said:

eskbanker said:

Can anyone sufficiently experienced with the new forum software advise if it's possible to automatically ignore any post(er) referring to 'fiat currency', as it seems to be a handy universal indicator of views worth skipping straight past - see also 'rip-off', 'bankster', 'scamdemic', etc....

A heavy-handed approach may cause you to lose the invaluable contributions to the motoring forum from enthusiasts of certain italian classics (Fix It Again, Tony!)

Good idea to filter on content rather than individuals, but what if you accidentally miss something really important and educational? Wake up sheeple!

'Sheeple' is definitely another trigger term used by those of a certain mindset!

And I suspect that anyone looking for an exact antonym for 'store of value' could do worse than a FIAT....

bowlhead99

eskbanker said:

bowlhead99 said:

eskbanker said:

Can anyone sufficiently experienced with the new forum software advise if it's possible to automatically ignore any post(er) referring to 'fiat currency', as it seems to be a handy universal indicator of views worth skipping straight past - see also 'rip-off', 'bankster', 'scamdemic', etc....

A heavy-handed approach may cause you to lose the invaluable contributions to the motoring forum from enthusiasts of certain italian classics (Fix It Again, Tony!)

Good idea to filter on content rather than individuals, but what if you accidentally miss something really important and educational? Wake up sheeple!

'Sheeple' is definitely another trigger term used by those of a certain mindset!

And I suspect that anyone looking for an exact antonym for 'store of value' could do worse than a FIAT....

Maybe that's where he gets his aversion to Fiat currencies from, perhaps had a bad experience with the 20v coupe turbo (cambelt change was an engine-out job) or lost his girlfriend to some '70s smooth talker with a 124...

As a side note, I once forgot to put the cap back on properly after topping up the coolant in a Fiat Barchetta, resulted in a several hundred quid repair bill as it blew the head gasket. No word of a lie, the car was a silver colour. Now my readings here are plagued by contributions from an anti-fiat, silver advocate going by the moniker EdGasket...

(Sorry EdGasket the Second, as EdGasket's account was banned).

Ah, nostalgia:
https://forums.moneysavingexpert.com/discussion/comment/71124612/#Comment_71124612 

blue_max_3

This is an interesting interpretation of the situation. At least a reasoned view.
https://www.youtube.com/watch?v=0pU9IlkuJAU&feature=youtu.be

EdGasketTheSecond

blue_max_3 said:

This is an interesting interpretation of the situation. At least a reasoned view.
https://www.youtube.com/watch?v=0pU9IlkuJAU&feature=youtu.be

So economy stuffed but stockmarkets held up with zero interest rates and QE; I agree with that.

MaxiRobriguez

blue_max_3 said:

This is an interesting interpretation of the situation. At least a reasoned view.
https://www.youtube.com/watch?v=0pU9IlkuJAU&feature=youtu.be

If it's on Youtube it must be true. Especially if it's being delivered by a bloke who looks like he's living in student accommodation. 

blue_max_3

EdGasketTheSecond said:

So economy stuffed but stockmarkets held up with zero interest rates and QE; I agree with that.

I have to say, the almost defiant march of the markets must be encouraged by something. By any rational measure, there is nothing to support the valuations. Maybe pure confidence will keep the ascent going, but I would urge a little caution if it were my life savings.
184 points up today. I would love to know why there is any positive sentiment.

EdGasketTheSecond

I think it's unlocking lockdown plus the BoE hinting at negative interest rates and US and UK going for unlimited QE.

Prism

Don't try and predict - just react and rebalance as appropriate

Sailtheworld

EdGasketTheSecond said:

Gold is a store of value; always has been, always will be. It cannot be created by governments. Silver has also been used as money and is a store of value. Both gold and silver store value over a long time. Fiat currencies do not:

No surprise the scale starts at 1969 when gold was at 100 year lows. This graph has been created to sell a narrative and is purposefully misleading.

Better scales would make it easier to see that gold doesn't reliably store value i.e.

- between 1915 and 1920
- between 1934 and 1971
- between 1975 and 1977
- between 1980 and 2001
- between 2011 and 2015

That's 69 of the last 100 years.

It's been a wonderful investment for those with the skill to get in and out at the right time but it's a million miles away from a safe haven.