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MONEY TREE
26 Sep 12 12:32
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Date Joined: 02 Jul 09
| Topic/replies: 25,595 | Blogger: MONEY TREE's blog
I have been invested since 2002 and am thinking its a slow struggle from here.

I may sell off and find an alternative.

Another option I'm looking at is silver coins such as britannias as they also have The collection value ontop of the silver content.

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Replies: 7
By:
chatlame
When: 26 Sep 12 19:45
Better late than never.
By:
Eeternaloptimist
When: 26 Sep 12 22:19
Better than I feel about paper.
By:
J2BLUE.
When: 29 Sep 12 23:20
Personally I would ignore the collector value and just look at the cost of the metal. Britannias don't have any extra silver than one ounce bars, rounds or other government minted coins so what's the point?

It really depends what you want IMO. If you want a return on your money then silver isn't really the place to be. If your main priority is retaining your purchasing power then silver or gold is good option. I personally have it because they have no choice but to monetise the debt which devalues paper.

IMO, a great investment right now is property (for cashflow, not capital gains). Rents are increasing and interest rates are low and not going anywhere for the foreseeable future. Might be worth low offers on decent investment properties? I've been looking at flats in the 75-80k range (ended up paying £84k on a £90k list price) and many of them have been massively reduced from their original list price and the agents made it fairly clear most of them would have taken offers anywhere from 5-15k lower. Add to that the inflation which is almost guaranteed to increase and you may well be able to pay back in substantially devalued currency.
By:
MONEY TREE
When: 30 Sep 12 10:07
Wish could get flat for 90k here lol

You renting it or living in it j2???
By:
J2BLUE.
When: 30 Sep 12 10:50
I will be living in it. I'm not really at the level of buying a place to let yet lol.
By:
MONEY TREE
When: 30 Sep 12 11:05
Good work j2. Foot on the ladder.
By:
J2BLUE.
When: 30 Sep 12 16:38
Thanks. It's quite a big place and reselling it shouldn't be too hard. Going to decorate it, change a few things and then for the hell of it, get it valued.
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