BOE cuts base rate to 0.1%

womble_87

EdGasketTheSecond said:

The BoE and Gov't are desperate. A crash is coming the likes of which has not been seen. Gold and silver the only place to be now.

"Crash" is a word thrown about too much, a crash is in my mind a loss of 80% or more. People often say the crash of 1929, but from what I understand the crash actually happened over months and months where the value crashed up and down and eventually down massively. Are you saying this will happen again?

ProDave

womble_87 said:

EdGasketTheSecond said:

The BoE and Gov't are desperate. A crash is coming the likes of which has not been seen. Gold and silver the only place to be now.

"Crash" is a word thrown about too much, a crash is in my mind a loss of 80% or more. People often say the crash of 1929, but from what I understand the crash actually happened over months and months where the value crashed up and down and eventually down massively. Are you saying this will happen again?

Now you mention it, what we have seen so far does have a certain similarity to the start of the Wall Street crash of 1929

Captain_Bravo

This is good no ? We can remortgage into better deals and use the left over money to invest more

Username999

Captain_Bravo said:

This is good no ? We can remortgage into better deals and use the left over money to invest more

I like it!
LOL

quirkydeptless

Scene: BBC Editorial office

"The BOE rate has dropped, we need a headline"

"How about, 'Rate dropped from a tiny fraction of a percent to a tinier fraction of a percent' "

"Accurate, but no that won't do. How about 'base rate cut by more that half!' "

"Better, and I like the !"

"Hmm, no, I've got the perfect clickbait... SLASH...EMERGENCY"

https://www.bbc.co.uk/news/business-51962982

EdGasketTheSecond

Yes silver is the bargain though in sterling it has only dropped 10% this week

Thrugelmir

womble_87 said:

EdGasketTheSecond said:

The BoE and Gov't are desperate. A crash is coming the likes of which has not been seen. Gold and silver the only place to be now.

"Crash" is a word thrown about too much, a crash is in my mind a loss of 80% or more. People often say the crash of 1929, but from what I understand the crash actually happened over months and months where the value crashed up and down and eventually down massively. Are you saying this will happen again?

The world moves at a far faster pace than back then. 

badger09

Thrugelmir said:

The world moves at a far faster pace than back then. 

I blame this newfangled interweb thingy