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I was left £180,000 in August which I must respect. I may buy a house in 2013 but do not believe now is the time to jump in. Can anyone sensibly advice how they would split it. I have thought that less than 10% could go on long term sports bets ie Barca on Champions league etc, Manu to get top three.
But most importantly I need to preserve this with the respect that is appropriate to my benefactor. I look forward to some advice on financial instruments
Thank you in advance
tim
But most importantly I need to preserve this with the respect that is appropriate to my benefactor. I look forward to some advice on financial instruments
Thank you in advance
tim
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All in on gold.
As Warren Buffet says, 'put all of your eggs in one basket and watch that basket closely'
Gold is only going one way and despite Mr Ben's 'the world is rosy, everything is fine' opinion that is not true.
The more problems the Eurozone has and the more money America prints the higher gold shall go and protect you from inflation. Get in now before QE3.
As Warren Buffet says, 'put all of your eggs in one basket and watch that basket closely'
Gold is only going one way and despite Mr Ben's 'the world is rosy, everything is fine' opinion that is not true.
The more problems the Eurozone has and the more money America prints the higher gold shall go and protect you from inflation. Get in now before QE3.
J2- where did I state that the world is rosy? Clearly your not paying attention and I wasted my well thought out posts to you in the spirit of helping.
You just stay living with mum and biting yourfingernail waiting for hyperinflation, you loser.
crickets- hold onto the cash and wait till you see blood in the water. For petes sake dont punt it!
You just stay living with mum and biting yourfingernail waiting for hyperinflation, you loser.
crickets- hold onto the cash and wait till you see blood in the water. For petes sake dont punt it!
Don't punt it Mr Ben ?
Whilst it's great to read of your apparent current trading success, don't ever start to kid yourself that you have developed some sort of no-risk trading skill.
If one exists in fact .
Everytime you open a currency trade position you're punting big time. Stops mean nothing, particularly on currencies.
Whilst it's great to read of your apparent current trading success, don't ever start to kid yourself that you have developed some sort of no-risk trading skill.
If one exists in fact .
Everytime you open a currency trade position you're punting big time. Stops mean nothing, particularly on currencies.
?
Not fishing no , its a genuine question. I could bung it in the bank for 1% interest eroded by inflation. I could stick it on gold and find that precious metals get taken down in a deflationary spiral down to say $800. I could chuck it on the US$ only to find that the performance since 1913 continues unabated. I could stick it under my pillow only to find that hyperinflation takes hold and /or the bedroom burns down. Any sensible suggestions please PM me.
froggy- theres no punting in my trading, risk taking maybe, but punting-no.
cricketjon
02 Nov 11 13:16
Joined:
17 Sep 07
| Topic/replies: 3,869 | Blogger: cricketjon's blog
Not fishing no , its a genuine question. I could bung it in the bank for 1% interest eroded by inflation. I could stick it on gold and find that precious metals get taken down in a deflationary spiral down to say $800. I could chuck it on the US$ only to find that the performance since 1913 continues unabated. I could stick it under my pillow only to find that hyperinflation takes hold and /or the bedroom burns down. Any sensible suggestions please PM me.
In 2002, following coverage of concerns about deflation in the business news, Bernanke gave a speech about the topic.[50] In that speech, he mentioned that the government in a fiat money system owns the physical means of creating money. Control of the means of production for money implies that the government can always avoid deflation by simply issuing more money. He said "The U.S. government has a technology, called a printing press (or today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at no cost." (He referred to a statement made by Milton Friedman about using a "helicopter drop" of money into the economy to fight deflation.) Bernanke's critics have since referred to him as "Helicopter Ben" or to his "helicopter printing press." In a footnote to his speech, Bernanke noted that "people know that inflation erodes the real value of the government's debt and, therefore, that it is in the interest of the government to create some inflation."[50] For example, while Greenspan publicly supported President Clinton's deficit reduction plan and the Bush tax cuts, Bernanke, when questioned about taxation policy, said that it was none of his business, his exclusive remit being monetary policy, and said that fiscal policy and wider society related issues were what politicians were for and got elected for. But Bernanke has been identified by the Wall Street Journal and a close colleague as a "libertarian-Republican" in the mold of Alan Greenspan.[46]
From Wikipedia on how he got the name 'helicoptor Ben'. Bernanke noted that "people know that inflation erodes the real value of the government's debt and, therefore, that it is in the interest of the government to create some inflation.". Do you think it might be in their interest NOW to create some inflation? As in hyperinflation? Keep printing, let people lose faith and then pay your loans back with devalued currency. China know this is happening, hence them buying commodities and getting rid of as many dollars as possible.
02 Nov 11 13:16
Joined:
17 Sep 07
| Topic/replies: 3,869 | Blogger: cricketjon's blog
Not fishing no , its a genuine question. I could bung it in the bank for 1% interest eroded by inflation. I could stick it on gold and find that precious metals get taken down in a deflationary spiral down to say $800. I could chuck it on the US$ only to find that the performance since 1913 continues unabated. I could stick it under my pillow only to find that hyperinflation takes hold and /or the bedroom burns down. Any sensible suggestions please PM me.
In 2002, following coverage of concerns about deflation in the business news, Bernanke gave a speech about the topic.[50] In that speech, he mentioned that the government in a fiat money system owns the physical means of creating money. Control of the means of production for money implies that the government can always avoid deflation by simply issuing more money. He said "The U.S. government has a technology, called a printing press (or today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at no cost." (He referred to a statement made by Milton Friedman about using a "helicopter drop" of money into the economy to fight deflation.) Bernanke's critics have since referred to him as "Helicopter Ben" or to his "helicopter printing press." In a footnote to his speech, Bernanke noted that "people know that inflation erodes the real value of the government's debt and, therefore, that it is in the interest of the government to create some inflation."[50] For example, while Greenspan publicly supported President Clinton's deficit reduction plan and the Bush tax cuts, Bernanke, when questioned about taxation policy, said that it was none of his business, his exclusive remit being monetary policy, and said that fiscal policy and wider society related issues were what politicians were for and got elected for. But Bernanke has been identified by the Wall Street Journal and a close colleague as a "libertarian-Republican" in the mold of Alan Greenspan.[46]
From Wikipedia on how he got the name 'helicoptor Ben'. Bernanke noted that "people know that inflation erodes the real value of the government's debt and, therefore, that it is in the interest of the government to create some inflation.". Do you think it might be in their interest NOW to create some inflation? As in hyperinflation? Keep printing, let people lose faith and then pay your loans back with devalued currency. China know this is happening, hence them buying commodities and getting rid of as many dollars as possible.
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