What to do with money.

Jonny69 · 27-02-2009, 16:18

I'm sure there must be a fair few of you on here with savings doing nothing. What are you doing with your money?

I think my savings account is down to less than 3% now and while (hopefully) I'll be needing the money in the next year to buy somewhere I'm not really sure what to do with it.

Del Lardo · 27-02-2009, 16:27

Spending it while I can.

£ with be worth less than the Zimbabwe dollar soon and all the banks will fail. Within 18 months we'll be bartering for wool to keep warm in the winter and driving on the motorway will be akin to Mad Max

[/scaremongering]

Desmo · 27-02-2009, 16:29

Quote:

Originally Posted by Del Lardo

driving on the motorway will be akin to Mad Max

****ING COOL

Haly · 27-02-2009, 16:34

Quote:

Originally Posted by Desmo

****ING COOL

Jonny69 · 27-02-2009, 16:41

Quote:

Originally Posted by Del Lardo

Spending it while I can.

£ with be worth less than the Zimbabwe dollar soon and all the banks will fail. Within 18 months we'll be bartering for wool to keep warm in the winter and driving on the motorway will be akin to Mad Max

[/scaremongering]

Genuine worry though, the banks have never all gone balls up like this before so who knows what will happen to our currency. Thing is, I can't afford for mine to become worthless.

cleanbluesky · 27-02-2009, 16:45

Exchange it return for goods or services, like everyone else does.

A Place of Light · 27-02-2009, 19:11

Quote:

Originally Posted by Jonny69

I'm sure there must be a fair few of you on here with savings doing nothing. What are you doing with your money?

I think my savings account is down to less than 3% now and while (hopefully) I'll be needing the money in the next year to buy somewhere I'm not really sure what to do with it.

If you've got a decent amount, then buy Gold.

AboveTheSalt · 27-02-2009, 19:54

Quote:

Originally Posted by A Place of Light

If you've got a decent amount, then buy Gold.

What is a decent amount and what the charges involved (commission on trades, secure storage, etc.)?

Have you actually done this?

Glaucus · 27-02-2009, 22:05

i would look at buying steel or other metals. It's so cheap at the moment and it will always go back up. But maybe not in the next 12months and no idea how you would go about it.

Kell_ee001 · 27-02-2009, 22:55

I'm not moving mine at the moment

I've got plans, but I've got more saving to do first

27-02-2009, 16:18	#1
Jonny69 Noob Join Date: Oct 2006 Location: Socialist Republik of Kent Posts: 5,032	What to do with money. I'm sure there must be a fair few of you on here with savings doing nothing. What are you doing with your money? I think my savings account is down to less than 3% now and while (hopefully) I'll be needing the money in the next year to buy somewhere I'm not really sure what to do with it. __________________

27-02-2009, 22:05	#9
Glaucus Absinthe Join Date: Jun 2008 Posts: 1,855	i would look at buying steel or other metals. It's so cheap at the moment and it will always go back up. But maybe not in the next 12months and no idea how you would go about it. __________________

27-02-2009, 22:55	#10
Kell_ee001 Wants Big Meat Join Date: Jul 2006 Location: Newcastle Posts: 6,478	I'm not moving mine at the moment I've got plans, but I've got more saving to do first __________________

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27-02-2009, 16:27	#2
Del Lardo Absinthe Join Date: Jan 2007 Location: Cambridge Posts: 2,539	Spending it while I can. £ with be worth less than the Zimbabwe dollar soon and all the banks will fail. Within 18 months we'll be bartering for wool to keep warm in the winter and driving on the motorway will be akin to Mad Max [/scaremongering]

27-02-2009, 16:45	#6
cleanbluesky Abandoned Ship Join Date: Sep 2008 Posts: 492	Exchange it return for goods or services, like everyone else does.