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Are some more ethical than others, e.g. where they invest the money? I'm thinking of moving across to building societies, but does it make a jot of difference? I'm keen to know what people think of Triodos Bank; if you have any insight please let me know.

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Not wise to keep large amounts in banks ... this is so predictable and you have had plenty of time to reposition assets...

 

Economic collapse and devaluation of paper money is inevitable ..gold or silver is the place to be ... both have  only just started to rise massively it was a forgone conclusion once the pandemic struck ....    

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I absolutely see the attraction of gold, silver etc and do have some, but aside from storing value, who's going to believe the gold is pure if you need to use it (aside from the 'face value' of the coins, which is much lower than market value) unless they can assay it?

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On ... moneysupermarket and those kind of places I always try to get a good rate for savings.  Recently that's been either Indian banks like Icici, or some Islamic banks that are offering a good rate.  Bank of Cyprus also looked good.

 

Most of the banks in the UK now, they have ... you know the usual stuff.  Rainbows, recycling, organic soya milk ... you know all that stuff that disguises what they do.  I wouldn't bother with it personally it's all virtue signalling.   Just make sure you are covered by the FSC guarantee then the Government will bail you out.

 

No matter the rate of return you get, the intrinsic value of the society you live in might be sliding into the sea ... so what exactly are you saving.  Better to do something for your future, investing one way or another.

 

Downsizing is also good and makes people much happier.

 

Gold/silver and all that ... hmm ... is it really practical to have a draw full of Krugerands?

If the world falls apart who's gonna take them ... it will be planet of the apes, then you need guns and friends and land ... not gold.

 

Anyway aside from dealing practically with your cash ... better to invest in a world that is not material, isn't it.   Beggars thieves and the sick roam this world ... who's gonna win in the end ?  Nobody, here everyone's a loser.  That's guaranteed.

 

 

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On 7/25/2020 at 12:22 PM, greenheart said:

I absolutely see the attraction of gold, silver etc and do have some, but aside from storing value, who's going to believe the gold is pure if you need to use it (aside from the 'face value' of the coins, which is much lower than market value) unless they can assay it?

They can do acid tests. I sold a few bits before and the guy used an acid test on the platinum

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Are building societies any better than banks? I guess not if they make credit available too.

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On 7/25/2020 at 6:22 PM, greenheart said:

I absolutely see the attraction of gold, silver etc and do have some, but aside from storing value, who's going to believe the gold is pure if you need to use it (aside from the 'face value' of the coins, which is much lower than market value) unless they can assay it?

 

Something like kuggerands ... you will be selling to the same people you buy from .... Once we reach road warrior level , empty looted supermarkets , gold will be no good ...

 

So perhaps a year from now gold/silver will be 10 times what it is now ... then you have to cash it in .... Cash it in to what???? More store-able food , building a bigger underground bunker ....

 

Really all your assets NOW should be used to get somewhere remote ... digging underground ...solar panels , food .... But people won't do that now ... they still cling to the idea the storm might pass and the world will return to normal .... Chances are it won't ....

 

So gold/silver is where you go now until you finally face the reality of whats coming.

 

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Posted (edited)

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Gold and silver are really starting to take off now ...But why did it take so long ??? As soon as the global lock-down started it was inevitable this would have a dramatic effect on the economy and share prices ... and that the only place to be was gold and silver  , but we see prices dipped even when it was clear the effect of the pandemic was massive... Can people be so clueless?  ... The truth is probably big money is in pension funds controlled by the cabal who want cash kept in shares and fiat currency  .... and a big factor is the above charts are for "paper" gold and silver ... investors rarely take possession of the real stuff , they trust the the paper they hold has real metal backing it , so these prices can be fixed , but only within limits ....

 

The cabal even tell you the price is fixed !! lol You couldn't make this up ....

 

From Search "London gold price fix"...

 

The London Gold Fixing is the setting of the price of gold that takes place via a dedicated conference line. It was formerly held on the London premises of Nathan Mayer Rothschild & Sons by the members of The London Gold Market Fixing Ltd.

 

The search even shows you the cabal  fixing the price ...lol ... I think those are pictures of the rothschilds on the wall 

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Is that jacob rothschild sitting in the corner? 

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These are times like no others   silver, particularly has the potential to go   stratospheric since it is in relatively short supply .

 

The price of silver has  doubled in the last 4 months , while gold  increased 25%  We have not started to see economic effects from covid ,  so this is almost certainly just the beginning of the rise ! 

Edited by oz93666

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Just now, Seeker said:

What do you reckon to cryptocurrencies like bitcoin and ripple @oz93666

 

Hmmm... Absolutely nothing backing these digital currencies .. when the internet crashes it's all gone ... It's like a pyramid scheme if you got in on the start you're laughing now ... but no way of knowing how it will move in the future , it's a total gamble .

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When do we reckon the best time to buy gold and silver is? Will there be a mini dip as it’s at a high right now? And how much will the prices go up in winter after furlough has ended? 

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I didn't realise when people are saying they are buying gold and silver they are actually buying the physical stuff rather than on the exchanges? Bit risky to store that imo...

 

Someone mentioned crypto. imo the future will be there, but it is so far off it is ridiculous. Have you tried buying something with bitcoin? It takes about 45 mins for the transaction to go through! BTC is the current go to and most stable of the lot at the moment and I know particularly in places where they had or have hyper inflation it was particularly popular - e.g. Venezuela. But it won't be thee crypto currency imo. 

 

Ripple - you can make a quick buck on this if you time it right, but it has no long term value imo. Far too many coins in circulation for that. And besides it's the one the banksters are trying to adopt, we don't wanna support the banksters!

 

Summary of crypto imo: in the future probably be the currency but for now it's the wild wild west, expect massive highs and lows. If you wanna divest I would suggest BTC or ETH as the safest at the moment but be prepared to switch to another new one should a better one come out......

 

 

Me personally. I think the only way they can pay back this debt is to have big inflation and devalue everyone's savings and pensions. I would try and get rid of cash and cash in pensions if poss - re-direct imo can't go wrong with bricks and mortar and if it all goes tits up you got somewhere to stay at least or rent to someone else!

 

Stock exchange also always good investment , but obviously not if you believe that the whole world will completely crash into anarchy....... 

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One other point about crypto, do plenty of research about how to conduct business safely. It's a VERY dangerous and easy place to lose your money from hackers....

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Real estate is the best investment. It's about what is actually valuable. What we can use and replenish 

We moved to northern mn, with acres and abundant resources. Gold/silver? We see way better return on a good chainsaw with solar panels for charging batteries I can use across many platforms...things like that..seeds. 

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5 minutes ago, RE:fresh said:

Real estate is the best investment. It's about what is actually valuable.

 

You need somewhere to live ... but a good investment it is definitely not ... as the controllers plan to exterminate us , by one way or another ...

 

Once the deaths start to mount , property prices will dive .

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