MancunianStacker

1 hour ago, dicker said:

Mad Vlad is probably fuelling up his private 747 in readiness to fly to Switzerland, as troops head toward Moscow.  A coup d'état appears to be in progress.

Thoughts on impact to GBP Gold?

 

Or anywhere without an extradition agreement.

Trouble is, who takes over RF and has the finger on the Nukes and the passcodes etc😬

1 hour ago, LemmyMcGregor said:

People blame the government because the government did it, whatever the Bank of England did subsequently, did so in response to actions taken by the government.

This said, 1400 today!

I was meaning the Govt couldn’t increase rates themselves, they had to wait for BOE to do it, then being the “experts”

11 hours ago, gji25 said:

Get ready for interest rates to hit 7% by the end of the year imo

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

1 minute ago, ZRPMs said:

£1400's are almost here.

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 

3 hours ago, HonestMoneyGoldSilver said:

 

Dddddddid they just raise 50 bp? Wow, everyone was expecting 25 bp. We're now in roughly the same range - 5% BoE Base Rate - as the Fed Funds Rate (5-5.25%)

 

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 🙄 

46 minutes ago, Earthmetal said:

I love how the article claims £2 has almost halved in value, immediately before letting slip it has actually quartered in buying power in real terms.

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).

12 hours ago, GoldDiggerDave said:

I’ll sell my tubes of 2022 jubilees at £560 a sov…..so just have to wait for about another 3 weeks! 

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.

3 hours ago, SidS said:

I've looked into my crystal ball and from the mists came this image:

 

 

 

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

2 minutes ago, ArgentSmith said:

Worth noting you get the same tax breaks with a SIPP a 40k per annum tax exemption which can be backdated 3 years if unused.

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. 

48 minutes ago, EdwardTeach said:

If there’s a major widespread banking collapse I expect most pensions will be toast. If I had money trapped in a pension I’d contact my financial advisor or pension provider immediately and order them to move my pension funds ASAP. I would have them reallocated into roughly 33% energy commodities like oil, gas and plutonium, 33% into food commodities like wheat and grains and the last 33% into rare earth mineral and metal mining companies.

I sleep easy at night knowing that I don’t have a pension and have always opted out off workplace pensions immediately whenever I get automatically enrolled. I have a rule – whenever the government tells me I should so something I do the exact opposite and so far have never regretted it.

 

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 😉 

3 minutes ago, Bigmarc said:

What about a private pension? Most have over 80k.

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

1 hour ago, QuantumStacker said:

I don’t trust the guarantee either the FDIC has 2 cents to every dollar to cover deposits so the bigs will get there money 

Why I have some cash. 

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 

4 minutes ago, Maxx546 said:

Carn't see it happening..Big lay off's coming soon, energy prices set to go up in the next month or so plus interest rates set to rise .. people are struggling now paying their mortgage.. lots of people are going to lose their homes and will flood the market..no way will house prices hold their price or go up in price.. 

I'm glad I got out of the property market and sold all my houses when I did ..

Gold and cash for me at the moment...maybe land or forestry if it comes up at the right price ..

Carn't see it happening..Big lay off's coming soon, energy prices set to go up in the next month or so plus interest rates set to rise .. people are struggling now paying their mortgage.. lots of people are going to lose their homes and will flood the market..no way will house prices hold their price or go up in price.. 

I'm glad I got out of the property market and sold all my houses when I did ..

Gold and cash for me at the moment...maybe land or forestry if it comes up at the right price ..

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. 

1 minute ago, CazLikesCoins said:

Cash will be useful if the banks crash and you're popping to the local shops for groceries. Can't buy food with gold. You could if you fancy trading a £400 sovereign for a pint of milk  I'm sure they'd take if off your hands. Not Tescos. They seem to frown at everything except contactless and club cards.

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 😂