OT: Recession Coming

And if you drop dead from a coronary or get hit by the proverbial bus, nobody will know where they are so your family become destitute, and the new owner of your house will eventually discover untold riches.

Reply to
Chris Hogg
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As is money in an interest-bearing deposit account - and has been since

2008!
Reply to
Cursitor Doom

Yes, and as you at least clearly know, when they go bust our deposits get forcibly converted into worthless shares in them!

Reply to
Cursitor Doom

It's up rather a lot of the 2000 price (inflation adjusted) so who's to say it's a good idea or not? It depends on whether you need liquid assets or can wait a few years in case of a dive.

Some might argue it could be a good time to buy - but only if you can wait it out.

Reply to
Tim Watts

I was assuming your family would be in on it - strewth...

You just don't go blabbing down the pub!

Reply to
Tim Watts

The failure to remember where many of them were hidden is going to see more loss in value than you are going to see with keeping them in a safety deposit vault.

Reply to
jack

I have that problem with Christmas gifts. I buy small things months in advance when I see them ("Ooh, that'll be a nice little pressie"). Then I hide them. And find them After Christmas. Now I have a central list.

Reply to
Bob Eager

Yeah, but at that point will you look like someone who gives a f*ck?

Reply to
The Natural Philosopher

Against what? The US Dollar, I'm guessing? ROTFL! :-D

Reply to
Cursitor Doom

Couldn't care less. I don't own any!

Reply to
Cursitor Doom

Your family likely will tho.

Reply to
jack

Against all viable currencies.

Guess again.

That's what we will be doing when you end up a lot worse off than we are.

Reply to
jack

En el artículo , Huge escribió:

God knows. I'd been wondering the same thing. Maybe spread it across several different banks so if one goes phlooey, it doesn't take all your money with it.

Stuff as much as you can into National Savings?

Reply to
Mike Tomlinson

En el artículo , Tim+ escribió:

LOL!

One of the developers of Bitcoin has just said it's "a failed experiment".

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Reply to
Mike Tomlinson

En el artículo , Huge escribió:

It used to be the case that you couldn't go wrong with putting money into property, but I'm not so sure about that any more.

Reply to
Mike Tomlinson

75K per bank is the limit to be covered by the FSCS. Obviously the bank has to be covered by them.
Reply to
Clive George

Found this:-

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Reply to
harry

The cost of insuring them????

Reply to
harry

I think property's a pretty good bet. There's a shortage. Get an old and ratty place and DIY it up. I think there can be taxation problems.

Reply to
harry

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Reply to
harry

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