Stash your cash

SLEEPY · 20th March 2013, 08:47

With all the recent carry on with the banking system in the EU a friend of mine from Belfast is very nervous about where to stash/invest his confirmation money.
Excluding the obvious of stashing it under his mattress in Uzumlu, Willie would grately appreciate any ideas where the Government or the thieving Eu will not get there hands on his shillings.

eshek · 20th March 2013, 08:50

Gold - coins or ingots but not jewelry

Yalides · 20th March 2013, 08:53

I will quite happily look after it for you in my Cayman Islands account. My interest rates are, well, interesting.

ted j · 20th March 2013, 08:54

He could always lend it to a friendly donkey (who he still owes £7.50 to)

saoirse · 20th March 2013, 08:56

Ted believe me I would only need to take it (if I had any) 80 miles up the road to Sleepys town , Enniskillen because no one, but no one gets anywhere near their money up there!!!!

immac · 20th March 2013, 08:57

I am usually wrong on these things, but for what it is worth, there is a point of view that gold is overvalued at the moment and could drop in price if the bubble bursts. If it devalues, that would be the time to buy, I think.

Having said that the last time I was in a position to buy gold ten years ago ( I think around $400 ) I convinced myself it was going to crash - If I had bought then my money would have tripled since. So my advice is worth not a lot.

Ian

SLEEPY · 20th March 2013, 09:02

So what the procedure for buying and selling Gold.
Although Willie professes to have only his confirmation money he has been regularly seen chasing the end of a rainbow, I suspect he already has a pot of gold.

juco · 20th March 2013, 11:10

Buy/sell gold...

Buy gold, they say ? but how do you sell it? - Telegraph

SLEEPY · 20th March 2013, 11:20

Thanks Juco an interesting article.
Another option that some of my mates recon is defensive stocks such as booze and tobacco companies.Other than the ethics issue,has anyone got a view?

Also Willies money may now be required for his forthcoming bail application.

tykatem · 13th April 2013, 11:25

Quote:

Originally Posted by immac

I am usually wrong on these things, but for what it is worth, there is a point of view that gold is overvalued at the moment and could drop in price if the bubble bursts. If it devalues, that would be the time to buy, I think. Ian

After 12 years of boom, gold prices bust
"The scale of the decline has been absolutely breathtaking.”

After 12 years of boom, gold prices bust - Yahoo! Finance UK

Pete