Cash ISAs

[Scouse]

I wouldn't necessarily say precious metals are good investment, but yep, our entire system of money is just a pyramid selling scheme...

 

[Jail Bait]

It doesn't matter how money is "created", all that matters is "what stuff could I buy with the proceeds of my house or my wages 20 years ago versus now?" And the answer is "I can buy more stuff now".

Are you an American??????

 

[Jeros]

Are you an American??????

You know the standard of living can go up as well as down you know.

Salary rises with inflation.

Stuff is cheap

More stuff, another car, bigger house.

This is a GOOD thing!

 

[Chilly]

Stuff is cheap

More stuff, another car, bigger house.

This is a GOOD thing!

Is it?

 

[Jeros]

Is it?

As long as its not brought on the never never then yes.

 

[Chilly]

Why is it better than having a house/stuff/car adequate and no/slightly better for your needs?

 

[Scouse]

More stuff, another car, bigger house.

This is a GOOD thing!

Experience has shown me that this is a "meh" thing.

"Things" don't bring lasting contentment.

 

[Zenith.UK]

OMG!
What have I started here?

I wasn't passing judgment on financial systems. I was suggesting a reasonable way to save for the medium to long term.

Irrespective of financial systems rising and falling, gold will always have a market because it's a useful material in it's own right and it doesn't degrade or corrode with age.

 

[rynnor]

Irrespective of financial systems rising and falling, gold will always have a market because it's a useful material in it's own right and it doesn't degrade or corrode with age.

To an extent but you have to remember that precious metals are run by cartels who artificially limit supply else these metals would be worth a lot less (especially platinum).

I would always hesitate to invest in artificial markets - theres an inherent fragility.

 

[Jail Bait]

To an extent but you have to remember that precious metals are run by cartels who artificially limit supply else these metals would be worth a lot less (especially platinum).

I would always hesitate to invest in artificial markets - theres an inherent fragility.

I would ask you to show me an investment that doesn't have cartels (investment banks) controlling the pricing?

The only reason that I said Gold and Silver was that storing a large amount of money doesn't take too much room.