MancunianStacker

Very possibly! 0.5% increases going forward I reckon each time.

I’ve found the new Wonga ⬆️ 😂

I guess the govt are at fault for the lock downs and the helicopter 🚁 money though 🤷‍♂️ People have bad memories and only remember the most recent thing to happen

I was expecting 0.5% in fact I’d bet they will do another 0.5% next month. I don’t think it’s working though. Especially if all the lenders allow people to “go interest-only”. Great if it doesn’t affect your credit score but to me it sounds like a default unless Govt step in like they did during Covid and guaranteed no credit history issues. This would make the interest rate hikes even less powerful, making bigger hikes more likely 🤦‍♂️ People will blame the Govt when it’s not really their fault. BOE should have started increasing at 0.25% each month since the Covid helicopter 🚁 money started being paid out 🙄

Never mind the “shrinkflation” 19 cigs in a “pack of 20” etc. 😂

Gold 25 years ago around £176 oz, up 750% or 30% each year kept. £2 cash 25 years later worth around £1.07 https://www.dailymail.co.uk/money/investing/article-12198271/As-2-coin-turns-25-heres-bought-1998.html Best place to save your cash = Gold!!!! 😉

I’m with Santander and not has any issues in the past for some £11k purchasers. Probably some muppet in the contact centre pressing the wrong button, which put it in a non urgent fraud queue for someone in another country to investigate “manana”. Nobody working there cares, one day it will happen to me but not so far. Congrats on the compo! 😃 🙌 🪙 🪙 🪙

Most US bars are probably now tungsten wrapped in a thin sheet of gold. It’s why China insists on it being melted and re-assayed before being sent to them to be melted down into Kilo bars etc. Ive never bought a bar of gold 😬 just for this reasons

PM’d 👍🏻

Hold the line!!

Hold the line!!!!

A fund manager in Canada on LinkedIn. He is very pro-Gold (physical).

Thanks for the info Dave! I have 9 of the 2022’s and wanted to buy some more sovs but not many for sale on here at the moment. Seems like paper vs physical is well out of sync so I’d expect another paper price jump up too, especially as Deutsche are in trouble. Physical is where it’s at. 👍🏻

Is RM Bullion playing sell the dream on the bullion side now too? 😬

Fed rate up 0.25%, U.K. gold price strong. Expecting BOE base rate to go up.25% tomorrow also, then that’s it.

Ah yes, the World Central Bank spy / troll 🧌 😂 Remember that one well 🤣

Yes invest £120k on your 52nd birthday, don’t invest it, keep it in cash, then take out 25% (of the new larger fund - post Govt contribution) tax free cash at age 55. The Govt pays in a nice wedge for you. If you have the cash to put in that is. Then set up a drawdown and take all the cash out over the years as an income. Don’t even need to be invested in equities or bonds whilst it’s in there. My brothers doing similar and waiting for a crash before investing his pot.

I’ve never paid into a pension unless my employer matched it £ for £. Wasn’t in those employments long so mines all in Property and Gold. I sleep fine too 😉

That’s not cash, it should be invested in Bonds and Equities etc.

They can just print more money to cover your losses. Nobody said the £ they guarantee will be worth the £ you deposited 😂

The government bank Guarantee Scheme keeps most people’s cash secure and less likely for anyone to bother or even care about a run in the UK these days. Most don’t have £80k sat in one financial institution. Inflation is the real killer to your cash security

Cash is a guaranteed 10% loss each year, needs investing somewhere. Last budget put in place zero percent chance of repossessions for those on benefits (which you’d be on if you got made redundant). Page 43 I think it was, lenders are aware of this and will guide people to this. My number 1 priority is paying my mortgage no matter what. Tenants may have a different priority, but if they want to rent again in the future, keeping up rent payments is also a pretty big priority too. They need previous landlord reference and decent credit these days. Will have to wait and see. I’m still buying property, everyone will have a different outlook on it, depends on your risk profile I guess.

Absolutely right. Sorry I didn’t mean a few months emergency physical cash, more like cash / numbers in a bank account getting eroded by inflation like a mofo 😂

On larger properties yes, a correction - some will downsize, but on smaller ones, the 2 bed terraces and apartments/flats no. These are your first step properties usually owned by landlords. Landlords sick of the legislation and tax issues, so selling them leaving tenants with credit issues unable to rent as most require a credit check. Rental yields gone up more now, landlords are re-entering who didn’t leave or new landlords entering the market. Tons of Hong Kongers buying multiple properties with cash (smart move). MSM is telling people there will be a correction / crash but it’s only a crash if you are planning on flipping your house for a quick profit. If you need somewhere to live for 25 years plus, it’s still cheaper to buy than rent. They want generation rent and will put you off buying at all costs. Give me any property address (outside London at least), certainly in the North West, a couple with average incomes and a 5% deposit and I’d find them a mortgage. They’ve been predicting a crash for 5 years and without wanting to sound like “Wonga” (old forum member) on Gold Price - no chance of a property crash and you’ll double your house price in 25 years! Guaranteed!!!! Rates will go up another 0.5% (maybe on 23rd of March) but will be back down lower than today within 2 years, it might just stay this high for another year. People could wait to buy for 2 years but the prices I expect will still be higher than today. Mortgage product rates have dropped significantly, it’s people’s credit history and lack of knowledge in this area that is preventing them from buying. I have one client in overdraft on 3 current accounts wondering why he’s getting rejected.

I’m sticking with Gold and Property. Minimise cash in bank and stocks. All in physicals. Back to Gold!! sorry all