The next Banking crash?

[ellal]

Or bought a villa in Spain when the pound was at it's highest and sold it when the pound was at an all-time low.

Well that's the kind of logic you'd expect from a UK hater!

Is THAT the Karma you were wishing on me?

It was an observation

But you'll end up paying much more than your 'profit' due to the continuing low pound value!

Should have kept the villa (as I have the Euros), as you shouldn't keep all your eggs in one basket...

Well if you can find eggs to put in your basket in the UK that is

 

[Justin Passing]

Someone doesn't quite get how interconnected banks are

Someone ignorant is claiming interconnections which aren't there just to try to sound clever. Pathetic.

Meanwhile in the real world...

... things are happening as I suggested - as everyone suggested.

Do us all a favour and shut up.

 

[ReganAndCarter]

Gold invested in at $800/ounce (at 1.48 dollar rate), still holding on to it.
Silver invested in at $12/ounce (sold at $35/ounce)

You take your chances, but also invest in a basket of currencies...

Imagine if you'd bought a load of Euros before 23/06/2016

Thanks for the info. All of my money is in Sterling, which is more basket case than just basket. I need to diversify.

 

[ReganAndCarter]

Try and get hold of UK coins such as silver Britannias and old silver coins such as half crowns, 2 shillings etc, pre 1947 they are 50% silver, pre 1920 they are 92.5% silver. Gold sovereigns and gold Britannias as well, all these coins I'm sure are CGT free, the Britannias and sovereigns definitely are. I pick them up at auctions, just remember that you have commission to pay on the purchase price. keep an eye on the price of gold/silver if you are buying or selling, sell it when it goes up, buy when it drops. I'm hoping to offload some today, would have done it a while back but my account lapsed and I didn't have a current photo ID.
The pre '47 and '20 sell for much more than their bullion value, they also cost a lot more, but you can often get a bargain if you are lucky. I got some "silver" medallions in a job lot that cost me about £700, they turned out to be platinum, sold just the medallions for about £6.5k.

Thanks for the info. Sounds like coins, etc are quite specialised. Do you invest in ingots - or only antique stuff? Also where do you sell for best price? I'm guessing not the local jewellers or Cash My Gold?

 

[Justin Passing]

Thanks for the info. All of my money is in Sterling, which is more basket case than just basket. I need to diversify.

If you have investments in the FTSE, you'll find many if not most will be quoted in US Dollars, so you're probably more widely invested that it looks.

 

[Ihavenojob]

Thanks for the info. Sounds like coins, etc are quite specialised. Do you invest in ingots - or only antique stuff? Also where do you sell for best price? I'm guessing not the local jewellers or Cash My Gold?

Anything I can get, as long as it is less than spot. Sell a lot on eBay or Gerrard's at Hatton garden for scrap.
Unfortunately there are plenty of fake coins and bars out there.

 

[Mottie]

as you shouldn't keep all your eggs in one basket...

Who says I have?

 

[Mottie]

Well that's the kind of logic you'd expect from a UK hater!

No logic involved. The buying and selling dates weren’t planned at all, just good fortune or 'karma' as you would say.

 

[motorbiking]

I think there are better investment strategies than playing FX. Sure, if you have to move money then timing is key. But for me it’s better to hold a foreign asset in the foreign currency rather than just hoping you will make on the moves.

For those feeling he need to diversify - stock ISA with a few ETFs to get a nice balance, is simple and tax efficient for anyone with a spare £20k

 

[fillyboy]

Looks like it might be Deutsche Bank next.

 

[Ihavenojob]

Heard at the bullion dealer that a French bank is in trouble.

 

[fillyboy]

Heard at the bullion dealer that a French bank is in trouble.

It's a mess.

 

[ReganAndCarter]

Is all this bank malarky to do with Great Reset? Started a bit early if it is.

 

[fillyboy]

Is all this bank malarky to do with Great Reset? Started a bit early if it is.

No, castles made of sand.

 

[ReganAndCarter]

For those feeling he need to diversify - stock ISA with a few ETFs to get a nice balance, is simple and tax efficient for anyone with a spare £20k

Thought about an ISA to mitigate the tax on cash savings. What is an ETF? If I opened a stock ISA, what shares would I invest in? Worried I may lose my shirt. Also, percentage wise - do share divs get a better per centage return than cash savings?