paulus 26 Posted December 1, 2011 Report Share Posted December 1, 2011 wish i had invested in gold ten year ago lol yea i hardly noticed the crunch fully,well until recently price of shopping,power,gas is spiralling out of control.i got a bad feeling about all this if the truth be told.thats why i asked the question.guess it wouldnt matter how much you had in hard cash.if it all goes tits up.it wont be worth f**k all anyway. bit of topic but also heard the tories are gonna be giving a 50%discount on concil tennants to buy there house.they were gonna scrap that a few year back.never trusted that scheme tbh. the origanal scheme gave a discount of upto 66% but then they capped the discount to a maximum of £24000 now there going back up to 50% to try to raise capital to rebuild new stock and help the economy? Quote Link to post Share on other sites
dave1372 83 Posted December 1, 2011 Report Share Posted December 1, 2011 wish i had invested in gold ten year ago lol yea i hardly noticed the crunch fully,well until recently price of shopping,power,gas is spiralling out of control.i got a bad feeling about all this if the truth be told.thats why i asked the question.guess it wouldnt matter how much you had in hard cash.if it all goes tits up.it wont be worth f**k all anyway. bit of topic but also heard the tories are gonna be giving a 50%discount on concil tennants to buy there house.they were gonna scrap that a few year back.never trusted that scheme tbh. ...to me its as if the govt (and it would have happened regardless of who was in power ..... they are all as bad as each other) are trying to shut the gates after the horses have bolted ! The damage has been done and we will pay the penalty of feckless governments including our own and from all over europe for the next 20 years. I used to think about planning for my retirement, now my attitude has change, I live life for the now and if I end up poor when I retire well I will worry about that then ! 2 Quote Link to post Share on other sites
scothunter 12,609 Posted December 1, 2011 Author Report Share Posted December 1, 2011 wish i had invested in gold ten year ago lol yea i hardly noticed the crunch fully,well until recently price of shopping,power,gas is spiralling out of control.i got a bad feeling about all this if the truth be told.thats why i asked the question.guess it wouldnt matter how much you had in hard cash.if it all goes tits up.it wont be worth f**k all anyway. bit of topic but also heard the tories are gonna be giving a 50%discount on concil tennants to buy there house.they were gonna scrap that a few year back.never trusted that scheme tbh. ...to me its as if the govt (and it would have happened regardless of who was in power ..... they are all as bad as each other) are trying to shut the gates after the horses have bolted ! The damage has been done and we will pay the penalty of feckless governments including our own and from all over europe for the next 20 years. I used to think about planning for my retirement, now my attitude has change, I live life for the now and if I end up poor when I retire well I will worry about that then ! my sentiments exactly.tbh i dont think they have a clue how to solve the finacial prob.there just running around like headless chickens plugging cracks when they appear.well its all gonna come down around our ears soon methinks. Quote Link to post Share on other sites
mackem 26,765 Posted December 1, 2011 Report Share Posted December 1, 2011 wish i had invested in gold ten year ago Sorry,couldnt resist (But it didnt do the Brinks Matt lads much good in the long run). http://www.youtube.com/watch?v=gSq8ZBdSxNU Quote Link to post Share on other sites
scothunter 12,609 Posted December 1, 2011 Author Report Share Posted December 1, 2011 wish i had invested in gold ten year ago Sorry,couldnt resist (But it didnt do the Brinks Matt lads much good in the long run). http://www.youtube.com/watch?v=gSq8ZBdSxNU lol i rember that lol cops were staking out some lawyers house who they thought was involved.the day they were gonna close the stakeout thinking they werent involved,the daft c**ts wife let her dogs out in the garden,and they were called wait for it."brinks"and "matt" lol Quote Link to post Share on other sites
Extremetaz 15 Posted December 1, 2011 Report Share Posted December 1, 2011 If you have cash that you would like to invest but are nervous (and rightly so) about investing in share/unit trusts etc then I would be investing in gold which is one of the safest investments in my opinion, it has been around for thousands of years! Look at the gold price history http://www.goldprice...ce-history.html . Given the current financial climates any other investment is very high risk in my opinion. Wayyyy too late for gold at this stage dude - that boat has sailed. It might go up a little farther at this stage, but you're talking single % figures, so there's near zero scope for a return and massive exposure when the folk that got in early enough decide to cash out - and they will - in the next few years. If you're investing in things after the point at which everyone has started talking about investing in it - you're already too late as the bulk of the potential for return is already gone. 1 Quote Link to post Share on other sites
Born Hunter 17,775 Posted December 1, 2011 Report Share Posted December 1, 2011 Forgive my ignorance on all this, am I right in the belief that individuals savings are covered by the FSCS for up to £85k per financial institution? So the majority of us need not worry about our savings and those that have over the 85k threshold just need to spread their savings about abit? Have I simplified it all abit too much? Quote Link to post Share on other sites
scothunter 12,609 Posted December 1, 2011 Author Report Share Posted December 1, 2011 Forgive my ignorance on all this, am I right in the belief that individuals savings are covered by the FSCS for up to £85k per financial institution? So the majority of us need not worry about our savings and those that have over the 85k threshold just need to spread their savings about abit? Have I simplified it all abit too much? thats what i heard mate,although i heard if the bank went to the wall it was 50k they would guarantee.however there guarantee means shit to me.if there is nothing in the pot,then the guarantee isnt worth the paper its written on Quote Link to post Share on other sites
paulus 26 Posted December 1, 2011 Report Share Posted December 1, 2011 so if ive got this right live for now, spend every penny,worry about things later,never trust a politition,give gold a miss and buy a council house and i thought i had problems 2 Quote Link to post Share on other sites
Guest thebigdog Posted December 1, 2011 Report Share Posted December 1, 2011 when the euro fails, will that mean old brock is fair game again??? Quote Link to post Share on other sites
Carraghs Gem 1,675 Posted December 1, 2011 Report Share Posted December 1, 2011 when the euro fails, will that mean old brock is fair game again??? wishful thinking! Quote Link to post Share on other sites
Extremetaz 15 Posted December 1, 2011 Report Share Posted December 1, 2011 thats what i heard mate,although i heard if the bank went to the wall it was 50k they would guarantee.however there guarantee means shit to me.if there is nothing in the pot,then the guarantee isnt worth the paper its written on not sure what the situation is for you guys, but over here, deposits up to €100k are govt. guaranteed regardless of what happens the banks - don't know if that's a common thing or not. Quote Link to post Share on other sites
SNAP SHOT 194 Posted December 1, 2011 Report Share Posted December 1, 2011 IF the Euro fails, it will mean hard times for the uk industry, in both export and import.... I was wondering why import and Saw that countries within the euro, Will pay more bank charges to exchange currency from sterling back to euro.. The only problem with the Euro is that too many big wigs and exec bankers milked the system, and got massive bonuses even if the deals they were working on fell through... Corruption was rife within the euro zone, and back handers were flying all over the place inflating prices, The people who invested heavy in property and bank bonds are still being helped by the tax payers, Its a win win bet for them, they should of been stung and lost their money, But no goverment big wigs helped out the big guys, And the little are gonna be paying it for generations to come................... 1 Quote Link to post Share on other sites
scothunter 12,609 Posted December 1, 2011 Author Report Share Posted December 1, 2011 when the euro fails, will that mean old brock is fair game again??? if it fails you will be eating badgers to survive lol 1 Quote Link to post Share on other sites
Extremetaz 15 Posted December 1, 2011 Report Share Posted December 1, 2011 yes we are in the shite anyway so wht not a little more if it means every country will once again have their OWN currency. Every country will once again have its own propper BORDERS. Parliments, Armed Forces, Trade Cheap Holidays to spain , greece, turkey. It's the currency that's in trouble Max, not the Eurozone (not yet at least). Travel, trade, etc... won't be affected by the demise of the currency so no change to how borders will be perceived (ie: Ireland will still have handed away 70% of it's fishing rights!) or managed. as for the cheap holidays - they're only cheap if you can afford them. Quote Link to post Share on other sites
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