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Anyone Else Put All Their Money Under The Mattress?
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Troubled times.
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You do not need to physically hold the gold you buy. Thre are plenty of dealers who will hold it for you.
Furthermore, do not put all your eggs in one basket. Gold is seen as a "safe haven" in turbulent times. But whilst its long term growth is good, in the short term it can be erratic and does not always behave as expected. Also bear in mind that your investment is not protected as cash is.
It is true that shares have taken a pasting since Friday. But they will recover and so long as they are not sold in a panic there is no loss. If you hold your savings in the bank or building society there is no need for concern.
Furthermore, do not put all your eggs in one basket. Gold is seen as a "safe haven" in turbulent times. But whilst its long term growth is good, in the short term it can be erratic and does not always behave as expected. Also bear in mind that your investment is not protected as cash is.
It is true that shares have taken a pasting since Friday. But they will recover and so long as they are not sold in a panic there is no loss. If you hold your savings in the bank or building society there is no need for concern.
// All this needless hysteria is becoming very wearing.//
hahahaha o god listen to her ! Banks down 30% including the ones we own, Ni and 3T have said that share values are all a matter of confidence and nothing has changed. The markets didnt listen
In terms of 'are any banks gonna fail' - fail further rather than fall further - no and there is no need to worry unless your holding are more than er £75k. Not many brexiters with that amount of moolah or else they would have voted ....
are there any investments to stop your pound losing its value ( further, or as Ni might say, start to lose its value ) yes - so called defensive stocks but it is far far too late to start that run around. Ya shoulda done it before you voted ....
sozza serious answer to jokey quezzie
hahahaha o god listen to her ! Banks down 30% including the ones we own, Ni and 3T have said that share values are all a matter of confidence and nothing has changed. The markets didnt listen
In terms of 'are any banks gonna fail' - fail further rather than fall further - no and there is no need to worry unless your holding are more than er £75k. Not many brexiters with that amount of moolah or else they would have voted ....
are there any investments to stop your pound losing its value ( further, or as Ni might say, start to lose its value ) yes - so called defensive stocks but it is far far too late to start that run around. Ya shoulda done it before you voted ....
sozza serious answer to jokey quezzie
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