Friday, October 10, 2008

The stupidest place to put your cash right now

The stupidest place to put your cash right now

Banks are on shaky ground. Safe havens are hard to find. But despite what some people may say, the one place you most certainly don't want your money right now is in property.

Posted by damien @ 11:51 AM (739 views)
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10 thoughts on “The stupidest place to put your cash right now

  • Why don’t the Chinese, Indians, Arabs and Russians buy it all up at with guarantees by the respective governments?

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  • last_days_of_disco says:

    “According to Anne Ashworth in The Times, some cash buyers have decided they’d rather stick their money into a dilapidated property and board it up for a few years than ‘risk’ it in a bank.

    That’s possibly the stupidest thing I’ve ever heard. Property is an extremely illiquid asset. It’s also one of the most dependent on easy credit for its value.”

    Go John, give Anne a good kicking, the silly little brain dead witch. Good to hear someone other than the HPC folks saying this stuff.

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  • planning4acrash says:

    I managed to get 16 ounces of pure silver yesterday in legal tender British Crown coins, for £10 from a clueless antiques seller! All worth over £100 melt at todays prices. That’s where all my money is going now! International bank of the junk shop!

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  • the chinese economy was built on BS so wont last long

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  • Has anyone got an account with this lot?

    http://www.goldmoney.com/

    GoldMoney provides thousands of customers with a useful, secure and affordable
    way to buy and hold gold and silver. In addition, GoldMoney’s patented payment
    system modernizes gold’s oldest, most valuable feature: its use as money.

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  • george monsoon says:

    Already posted this earlier.. but in case you missed it..

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  • p4c @ 12.13 I am green with envy.

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  • g.monsoon…….

    How did you find out what the bankers are really up to? Now everybody will know!

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  • planning4acrash says:

    I would only ever hold physical coins in my possession. Apparently gold paper markets are starting 2 default. They’ve been selling gold they have! Yup, the Crowns are great. They trade between 6 and 14 pounds by the looks of it, soon to shoot up.

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  • little professor says:

    great pic, george 😀

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