@chessturd saidYou are absolutely correct on that!!! Just ask dive's brother-in-law!
Safe is better than sorry 😉
-VR
- Joined
- 14 Mar 04
- Moves
- 213509
-Removed-I started in the "hobby" of investing DISCRETIONARY money (Pay for what you need, save for what you want) at a young age (12-13). We (3 friends and I) started an investment club and we studied the markets before diving in. We won some and lost some but the biggest thing we won (not money) was learning from our "mistakes". Is it better to get a return of 5% or 50%? Of course there are stories of people who made fabulous returns but they are few and far between. There are many, many more who "suffered" the opposite. Make sure the water is deep enough before taking the plunge.
@the-gravedigger saidlast year my premium bonds paid out 1.85% not brilliant but better than a poke in the eye.
That's a bit of an oxymoron dive.
Short term is gambling.Investment is a long term thing.
Short term put it in premium bonds.
@badradger saidAt least you're not losing on it!
last year my premium bonds paid out 1.85% not brilliant but better than a poke in the eye.
-VR
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@chessturd saidThat sounds logical but think about it for a moment.
If it gets real bad my piece of paper that says 1 share of McDonald's stock will buy me nothing.
A real gold or silver coin will ALWAYS have purchasing power.
In your dooms day scenario McDonalds one the bluest chips stocks providing cheap food to the masses has gone bust. So presumably stock markets around the world have gone belly up. Governments have also gone bust and have not been able to step in and save the day as in 2008. Fiat (paper) currency is also worthless. First there was a run on the shops now there is rioting and looting.
No money to pay cops or fire fighters.
No power, no fuel for cars no mains water etc etc.
Just what are you going to do with your silver coin,offer it to the mob ,for what.
Same goes if you have a stash of gold bars, offer to trade and they will be stolen from you.
If things get that bad ,and they might ,hide in your cellar with tins of food and bottled water. Oh and a shot gun would come in handy.
(And don't forget your tin opener)
@badradger saidSame here, about 2%, and its backed by the Treasury.
last year my premium bonds paid out 1.85% not brilliant but better than a poke in the eye.
1 edit
The silver/gold is for after the chaos.
When little pockets of society start to regroup and develop little trade markets/towns.
People have always done this after a massive collapse/war/famine etc
First priority is food, water, shelter, weapons.
After the dust settles and people start to settle down their will be a need for a standard currency and silver/gold have always been that since the beginning of time.
So...I can leave my shelter and go to the new craphole town/market and buy ratburgers or corn or homemade alcohol or even pay my way into a gated community.
...the paper McDonald's stock can be used as toilet paper. It's worthless.
Stay away from fake assets!
Buy real assets... Silver!...Gold!..
Property! 😉
@great-big-stees saidJapan already sells more adult diapers than kids ones.
With all of us "babyboomers" coming along I'm thinking of investing in Pfizer or Eli Lilly.
🤔 😲 😉
@the-gravedigger saidLOL....I was just thinking we start our lives with diapers and many of finish our lives using them if we live that long. 😉
Japan already sells more adult diapers than kids ones.
-VR