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Bill Gross(26/5/11/bloomberg):savers Will Be Picked Pocketed For 5,10,15 Years

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Bill told everyone to get out of bonds earlier this year and it seems that this was a cunning plan to buy more! With the bond market still indicating deflation (there having been no bond rout) it seems to be a reasonably sdafe place to be if you are not wanting to over-speculate with your savings.

A decent ST/MT bond fund in the US is returning close to 5%YTD which is not bad for a safe investment punt. Bill's Corporate Bond Fund is still dong well:

PIMCO Investment Grd Corp Bd CL D(PBDDX)
YTD Performance as of 05/25/2011 4.85%
1 Year*
9.93%
3 Year* 10.85%

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Bond Market indicating deflation

Commodities indicating Inflation

Who will win? Depends if bernie turns off the printers (not likely IMO)

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In the UK at least (to a lesser extent in the US) savers got 100% of their money back when the criminal banks they chose to lend to went bust.

They did amazingly well. Had those doors to Northern Rock never re-opened then I'd agree they'd have something to complain about.

But the story can't end until the bankers and regulators are in jail, which won't happen (in the UK at least) which means they'll have to settle for being pickpocketed or move up the risk scale.

Life's imperfect - who knew!

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In the UK at least (to a lesser extent in the US) savers got 100% of their money back when the criminal banks they chose to lend to went bust.

They did amazingly well. Had those doors to Northern Rock never re-opened then I'd agree they'd have something to complain about.

But the story can't end until the bankers and regulators are in jail, which won't happen (in the UK at least) which means they'll have to settle for being pickpocketed or move up the risk scale.

Life's imperfect - who knew!

Just got 3-1 for the Reds tomorrow. Worth a bet IMO.

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Savers are an easy target, TPTB know the mentality of savers isn't one to tell the banks to go F.O. by moving all their wealth into PM's, or anything else for that matter.

In times like these cash should be king but instead it's trash because the central banks simply print up more of the stuff.

To steal GC's words, print this...

Gold-Bar.jpg

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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