Currency collapse, how to protect your money?

[GrCh 856]

cocaine

 

not a good investment pal, only £25 a gram round my way, and its £550 for Oz so you not making that much.

[Guest thebigdog]

cocaine

 

not a good investment pal, only £25 a gram round my way, and its £550 for Oz so you not making that much.

 

£60 a gram here, £900 oz.

[GrCh 856]

cocaine

 

not a good investment pal, only £25 a gram round my way, and its £550 for Oz so you not making that much.

 

£60 a gram here, £900 oz.

really

[Guest thebigdog]

cocaine

 

not a good investment pal, only £25 a gram round my way, and its £550 for Oz so you not making that much.

 

£60 a gram here, £900 oz.

really

 

aye. the dissidents knee caping anything that moves tends to push the price up

[forest of dean redneck 11,608]

no offence but with all the hunters in this island how long would the edible quarry last with everyone and their dog or gun after it.?

 

same with stashing cars fuel etc only want couple teenage lads feeling unruly and thats gone up in smoke.

[Carraghs Gem 1,675]

no money in weed as half the town grows it

anything farming related is worth money.

fuel is stolen around these parts so you'd need to hide it well

money in pucheen if ye can make it decent

id say there would be money growing tobacco

and invest in quality items at auction.

[reddawn 2,173]

id buy a few chocolate patt bitches an a choccy stud dog

[JohnGalway 1,043]

Judging by some of the replies perhaps I made an error at the outset in my scenario description

 

The idea is to protect savings, cash money. Not survival as such, just protecting the nest egg. Also, the scenario my mate was talking about is more of a "What if" than a certainty. So with that said, whatever item the current cash would be used to buy would need to be able to be translated back into cash if the scenario happened, or indeed if it did not.

 

If that makes things any clearer

[J Darcy 5,871]

Best nest egg IMO, buy a two or three bedroom house and rent it out. Rent is only going to rise.....It's a long-term thing, sure, but in twenty years time (give or take) you'll be sat on something that is almost paid off and you'll have X amount a month coming in forever. JD

[GrCh 856]

Best nest egg IMO, buy a two or three bedroom house and rent it out. Rent is only going to rise.....It's a long-term thing, sure, but in twenty years time (give or take) you'll be sat on something that is almost paid off and you'll have X amount a month coming in forever. JD

 

can you still get mortages 'to buy to let'?

 

My dad started buying terraced houses back in the 90's to buy to let and from that he could take early retirement, does some part time consultancy work over-seas though now as he got bored.

Edited December 13, 2011 by GrCh

[Waz 4,262]

Best nest egg IMO, buy a two or three bedroom house and rent it out. Rent is only going to rise.....It's a long-term thing, sure, but in twenty years time (give or take) you'll be sat on something that is almost paid off and you'll have X amount a month coming in forever. JD

 

can you still get mortages 'to buy to let'?

 

My brother was looking at a mortgage for this recently, still available but high % deposit.

[scothunter 12,609]

no money in weed as half the town grows it

anything farming related is worth money.

fuel is stolen around these parts so you'd need to hide it well

money in pucheen if ye can make it decent

id say there would be money growing tobacco

and invest in quality items at auction.

 

 

no money in weed?

where do you live the moon.

at anything from 250 and oz to 320/aye there is money in it.

[scothunter 12,609]

http://uk.reuters.com/article/2011/12/07/oukoe-uk-diet-butter-norway-idUKTRE7B622620111207

 

 

 

 

buy butter lol

[mullettt 15]

Best nest egg IMO, buy a two or three bedroom house and rent it out. Rent is only going to rise.....It's a long-term thing, sure, but in twenty years time (give or take) you'll be sat on something that is almost paid off and you'll have X amount a month coming in forever. JD

i thought about this jd,

BUT

you buy a house today for say £150,000

which wont buy a 3 bed house here but maybe a 2 bed,

the morgage on interest only is,£790 plus on todays super loy interest rates which will only go up,

 

the rent achievable is say max£550 a month so that leaves a down fall of £240 on today cheap rates,

 

so what iam saying is rentals might not be the thing like they where in the 90s where there was an income and capital growth,now adays we can only hope for capital growth and my oppinion is we wont see that in the housing market for another 20 yrs

and wait till the morgage rates or interest rates go up we can wipe another 20% of the house prices

 

bit like houses where cheaper to buy in 2001 then what they where in 1990

[Waz 4,262]

Spealing to a business investor... he explained the gold is too volitile at the minute, With soaring prices, the bubble WILL burst, and loose a massive ammount

of value overnight, And stated its a shot term investment... get in make a few pounds and out again...

 

Silver is where he has personally invested, as well as the swiss frank....!!!

 

He stated that if britan leaves the EU, other counteries will still export to the uk, but brtians exports will fall dramatically As counteries look elsewhere

for same goods at a better value...

 

If the euro does collapse then all currancies, will be based value wise againest the german Euro... And not againest sterling.....

 

property is a good but very long term investment he stated, and you will wait years or decades for a return on your investment...

 

strange times indeed,

 

Snap.

.................................some biz invester he is....silver has dropped like a stone this year from $50 to $30 and the swiss currency just got pegged back last month and as for property forget about it as it is going to halve in the next few years....here is a story a few years ago a finacial expert told me gold was in a bubble and it was going down lucky for me i never listened to him ... a krugerrand i paid 400 quid for has trebled same with sovereigns ,,,don,t ge me wrong i also purchased silver and done well out of it but it is an industry metal and will follow economic times worse than gold ,,trust your own feelings as 99% of so called money experts ,,advisors whatever you want to call them are mugs in my book,,there is no were safe just now for your cash( NOWERE),,,do you ever watch max keiser on television as he highlighted american banks last week just looting peoples money from there accounts and we are not talking about peanuts here and not a sausage was done about it as it was done by one of the( people in the know ) i.e ex leaman employee now in obamas good book.............for the last few years i have constantly kept about 3-6 months of food for myself and family and animal feed for chickens and dogs ...i purchased 3 springer air rifles and have about 10,000 pellets as shotgun shells will run out in a bad situation ...wood burner fitted and no lie about 2 years of wood stashed in one of my sheds ...always keep pick up full of fuel and keep about 100 litres of diesel in shed...i got a good generator for peanuts in an auction also put up a biggish polytunnel and greenhouse also planted the garden out with fruit trees and all the berry family ,,bought a good chainsaw and stocked on loads of fishing gear..whisky as well as that can only get better with age ....sadly people don,t get what is coming to them the party is over for us lot in the west and it seems no body gives a feck but they soon will when the atm machines stop working and the social checks don,t arrive.. it was only 3 years ago we were about 3-4 hours away from this situation and when alistair darling talks about this time it is fecking terrifing as according to him the guys in charge of the banks could not run a whore house,,,,put your faith in some one else but i ain,t i already have my back up plans in place .....forgot to mention i seen a great post on a forum latelly asking were best to put your money and the general feeling was as follows.....1- food,,,2- duty free tobacco ,,3- weed and 4- vodka!!!!! ,,take your pick ....what a country

 

Years ago, the way you are talking would have seemed really far fetched 'Mad Max' type stuff. Is it coz I got older that it dont seem so far fetched or is it because I got a lot less faith in the goverments etc?

I think it was in one of Louis Theroux's 'Weird Weekends' where he goes to meet some families of grid... (Think they were extreme right white supremasists also) Anyone remember it?