RUSARTNET Posted April 11, 2014 Share Posted April 11, 2014 I have invested in some physical gold and silver, but don't really want to buy any more, as I am over 50% in precious metals as it is. I stil have some cash, which I am not comfortable with sitting in a bank - because I am an unsecured creditor and because I hate the idea that I am doing the bank a service by contributing to their capital requirements even in the tiniest way! I am looking for ways to be as liquid as cash, but do not want to get into the stock exchange, which I think is ready to cash. The only other thing I can think of is investing in bonds, possibly German government bonds. Does anyone here invest in bonds and can they contribute any pros and cons about owning bonds? Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted April 11, 2014 Share Posted April 11, 2014 If you are under the 85k government guarantee scheme I should get some sleep You could diversify into other currencies using a service like currency fair (which is not guaranteed. Are you looking for high yield./returns or safety? Quote Link to comment Share on other sites More sharing options...
RUSARTNET Posted April 11, 2014 Author Share Posted April 11, 2014 If you are under the 85k government guarantee scheme I should get some sleep I am, but I don't trust ANY government guarantee. Look at Cyprus. You could diversify into other currencies using a service like currency fair (which is not guaranteed. Done that already. Are you looking for high yield./returns or safety? Safety. I don't like risks .... and don't believe there are any high yields anymore (except if you are a too-big-too-jail bank getting free money from the central bank). Quote Link to comment Share on other sites More sharing options...
wherebee Posted April 12, 2014 Share Posted April 12, 2014 If you are under the 85k government guarantee scheme I should get some sleep I am, but I don't trust ANY government guarantee. Look at Cyprus. You could diversify into other currencies using a service like currency fair (which is not guaranteed. Done that already. Are you looking for high yield./returns or safety? Safety. I don't like risks .... and don't believe there are any high yields anymore (except if you are a too-big-too-jail bank getting free money from the central bank). premium bonds. return is bad, but as bad as cash in most banks. in terms of a bail in, I think it will be last in the queue as the amounts are small and the holders are normally the high voting eldsters. near instant access too. Quote Link to comment Share on other sites More sharing options...
renting til I die Posted April 12, 2014 Share Posted April 12, 2014 I have invested in some physical gold and silver, but don't really want to buy any more, as I am over 50% in precious metals as it is. I stil have some cash, which I am not comfortable with sitting in a bank - because I am an unsecured creditor and because I hate the idea that I am doing the bank a service by contributing to their capital requirements even in the tiniest way! I am looking for ways to be as liquid as cash, but do not want to get into the stock exchange, which I think is ready to cash. The only other thing I can think of is investing in bonds, possibly German government bonds. Does anyone here invest in bonds and can they contribute any pros and cons about owning bonds? 50% is a lot in precious metal! Can I ask what form you have these in? ETF's or coins under the bed! I understand you hating the idea of keeping any money in the bank but cash under 85k is about as safe as its going to get. There's a risk wherever you put it. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.