nomad2019 Posted March 24, 2022 Share Posted March 24, 2022 what would you do with your money now in uk, in times of recession, google states banks cover individuals up to £80.000 each, FCA protected. i dont believe that. What if the banks go bust look what happened in 2007/8 apparently in the UK we were really going to end up like Greece and not allowed to withdraw money from ATMs. gold has shut up in the last month ,. Would it be advisable to buy. What would you do ???????????????? Link to comment Share on other sites More sharing options...
Popular Post OneMoreFarang Posted March 24, 2022 Popular Post Share Posted March 24, 2022 4 minutes ago, nomad2019 said: What would you do Spend it all in Thailand. Isn't that obvious? 2 4 Link to comment Share on other sites More sharing options...
Popular Post nomad2019 Posted March 24, 2022 Author Popular Post Share Posted March 24, 2022 2 minutes ago, OneMoreFarang said: Spend it all in Thailand. Isn't that obvious? no chance , thailand is finished for me. had enough of the governments stupid rules ???? Colombia will be the place I hope all going well ???? 3 1 2 Link to comment Share on other sites More sharing options...
Popular Post inThailand Posted March 24, 2022 Popular Post Share Posted March 24, 2022 Put it under your Thai gf's mattress for safe keeping? * 1 7 Link to comment Share on other sites More sharing options...
Sydebolle Posted March 25, 2022 Share Posted March 25, 2022 Cigarettes, whisky and wild, wild women ......... 1 Link to comment Share on other sites More sharing options...
Popular Post wombat Posted March 25, 2022 Popular Post Share Posted March 25, 2022 Buy Gold...traditionally its the only thing that's kept pace with inflation 4 1 Link to comment Share on other sites More sharing options...
Popular Post peter zwart Posted March 25, 2022 Popular Post Share Posted March 25, 2022 Gold and Bitcoin. 6 1 1 Link to comment Share on other sites More sharing options...
Popular Post Lacessit Posted March 25, 2022 Popular Post Share Posted March 25, 2022 I'm sure there will be a crypto fanboy along shortly to advise you. 4 1 6 Link to comment Share on other sites More sharing options...
wombat Posted March 25, 2022 Share Posted March 25, 2022 3 minutes ago, Sydebolle said: Cigarettes, whisky and wild, wild women ......... With the laws changing, didn't you get the memo that says ....Weed, Whisky & Wild Wild Women? The 5 W's. 1 Link to comment Share on other sites More sharing options...
Popular Post spidermike007 Posted March 25, 2022 Popular Post Share Posted March 25, 2022 Silver bars and coins. They will appreciate far more than gold, if things collapse to the extent I think they will. Don't know about the timing of it, but I see real estate collapsing by 50-70% worldwide, and the Dow dropping to 5,500. People are talking about a recession. A depression closer to 1929 might be more like it. This balloon has been pushed too far. 1 2 2 Link to comment Share on other sites More sharing options...
Popular Post Excel Posted March 25, 2022 Popular Post Share Posted March 25, 2022 6 hours ago, nomad2019 said: no chance , thailand is finished for me. had enough of the governments stupid rules ???? Colombia will be the place I hope all going well ???? Cocaine is cheap there too 1 3 Link to comment Share on other sites More sharing options...
RichardColeman Posted March 25, 2022 Share Posted March 25, 2022 7 hours ago, nomad2019 said: Would it be advisable to buy. More housing and rent it out. Anything else is not as good for investment AND income. 1 Link to comment Share on other sites More sharing options...
Popular Post topt Posted March 25, 2022 Popular Post Share Posted March 25, 2022 7 hours ago, nomad2019 said: what would you do with your money now in uk, Shouldn't this be in Home Country forum? Especially as - 7 hours ago, nomad2019 said: What if the banks go bust look what happened in 2007/8 apparently in the UK we were really going to end up like Greece and not allowed to withdraw money from ATMs. What a crock of rubbish........... 9 Link to comment Share on other sites More sharing options...
Popular Post Dante99 Posted March 25, 2022 Popular Post Share Posted March 25, 2022 1 hour ago, spidermike007 said: I see real estate collapsing by 50-70% worldwide, and the Dow dropping to 5,500. 27 minutes ago, topt said: What a crock of rubbish........... 4 1 Link to comment Share on other sites More sharing options...
Harveyg Posted March 25, 2022 Share Posted March 25, 2022 8 hours ago, nomad2019 said: no chance , thailand is finished for me. had enough of the governments stupid rules ???? Colombia will be the place I hope all going well ???? If you don’t mind I’m curious as to how many years you’ve been in Thailand and what location you’re choosing in Colombia. I’ve thought about living there but not that seriously. 1 Link to comment Share on other sites More sharing options...
Popular Post spidermike007 Posted March 25, 2022 Popular Post Share Posted March 25, 2022 (edited) 40 minutes ago, Dante99 said: What a crock of rubbish........... Yeah, they said that in early 1929, in the summer of 1987, in March of 2000, and again in late 2007. Edited March 25, 2022 by spidermike007 3 1 Link to comment Share on other sites More sharing options...
vandeventer Posted March 25, 2022 Share Posted March 25, 2022 3 hours ago, inThailand said: Put it under your Thai gf's mattress for safe keeping? * Or give it to your local church as I am sure they will know what to do with it. Link to comment Share on other sites More sharing options...
Guderian Posted March 25, 2022 Share Posted March 25, 2022 Invest in infrastructure. You'll get a steady income as well as an asset that's largely inflation-protected. If you're interested, PM me, I might have a bridge for sale....lol 2 Link to comment Share on other sites More sharing options...
Popular Post Will B Good Posted March 25, 2022 Popular Post Share Posted March 25, 2022 So nomad2029.....what did you do with your money..... I spent it on beer, whisky, cigarettes and the girls in Nana Plaza.....the rest of it I just wasted. 2 3 Link to comment Share on other sites More sharing options...
Popular Post brianthainess Posted March 25, 2022 Popular Post Share Posted March 25, 2022 2 hours ago, Sydebolle said: Cigarettes, whisky and wild, wild women ......... They'll drive you crazy, they'll drive you insane. incidentally on the label of that song it is spelt Whuskey i also believe the B side was called Black Bottomed Girls, by "The Unnatural Seven" . I inherited it from my step grandfather. just saying. 3 Link to comment Share on other sites More sharing options...
atpeace Posted March 25, 2022 Share Posted March 25, 2022 2 hours ago, spidermike007 said: Silver bars and coins. They will appreciate far more than gold, if things collapse to the extent I think they will. Don't know about the timing of it, but I see real estate collapsing by 50-70% worldwide, and the Dow dropping to 5,500. People are talking about a recession. A depression closer to 1929 might be more like it. This balloon has been pushed too far. I agree silver and even gold will probably fare well if things get really ugly. I have my doubts it will get all that bad but a good possibility it will. I have no idea where to put my money because nations have basically eliminated safe investments such as saving accounts and bonds that traditionally have held up reasonably well. Cash is worrisome (inflation) but stocks and real estate is frightening at these valuations. A couple weeks ago I sold cash secured puts on the S&P 500 at a 370 strike price 30 days out. Only nets around 5% return( cover living costs ). If the shiiit hits the fan, I "might" avoid all the pain or most of it. My goal is to outpace inflation but at 5%; not even doing that. There are not any semi safe investment choices out there at the moment. My advice: Don't panic - stick your head in the sand and hope disaster doesn't hit. There is very good possibility that the road ahead will be bumpy and disaster will be avoided. Governments have not left us ordinary citizens much choice but to hope for the best. 1 Link to comment Share on other sites More sharing options...
Popular Post sammieuk1 Posted March 25, 2022 Popular Post Share Posted March 25, 2022 No safe haven for your cash in a nuclear wasteland other than a mad max car and a big gun ???? 1 2 Link to comment Share on other sites More sharing options...
Farmerslife Posted March 25, 2022 Share Posted March 25, 2022 Send it to me. I'll look after it for you. ???? 1 1 Link to comment Share on other sites More sharing options...
spidermike007 Posted March 25, 2022 Share Posted March 25, 2022 A friend of mine has been investing in ammunition. Mostly low to medium caliber bullets. He said the prices have risen dramatically, and it is now considered a strong commodity. Amazing. Not so easy here. Nor would it be anywhere near worldwide market value. 1 Link to comment Share on other sites More sharing options...
shackleton Posted March 25, 2022 Share Posted March 25, 2022 50% of the money in shares UK 25% cash in the bank UK 25% cash bank in Thailand 2 Link to comment Share on other sites More sharing options...
Will B Good Posted March 25, 2022 Share Posted March 25, 2022 (edited) Ultimately, cash, such as a the US dollar is the safest investment.......(the Rouble could be a good gamble). Safe means a loss in value, but not as big a loss as you could be exposed to with other forms of investment. Edited March 25, 2022 by Will B Good Link to comment Share on other sites More sharing options...
DaLa Posted March 25, 2022 Share Posted March 25, 2022 I will offer living proof to the op regarding the UK banking guarantee scheme. The FSCS presently guarantee up to £85,000 per account per institution. In 2007/2008 the guarantee limit was 100% of the first £2000 and thereafter 90% of the next £30,000. I had £50k in ICE bank and the UK government paid me the full £50k , and additionally the £50k was in a 1 year bond paying 7% which again the UK government refunded me in full. I would strongly suggest your money is safe. If not then I hear there are some mysterious digital 'assets' you can buy on the internet. I'm pretty certain the UK government or any government will fund the inevitable collapse of those. Surely the only sensible investment is your own property. It not matters whether the roof over your head is worth $1 or $1,000,000, it still functions.... as long as she lets you live there that is.... Link to comment Share on other sites More sharing options...
Caldera Posted March 25, 2022 Share Posted March 25, 2022 Buy grog. Link to comment Share on other sites More sharing options...
Popular Post Samyan Posted March 25, 2022 Popular Post Share Posted March 25, 2022 5 hours ago, spidermike007 said: Silver bars and coins. They will appreciate far more than gold, if things collapse to the extent I think they will. Don't know about the timing of it, but I see real estate collapsing by 50-70% worldwide, and the Dow dropping to 5,500. People are talking about a recession. A depression closer to 1929 might be more like it. This balloon has been pushed too far. I couldn't agree more. When the U.S. Fed reverses their policy of raising interest rates into a recession, ending their tapering of bond purchases and resuming QE, gold and silver will soar. At the present gold silver ratio of 75/1, silver will outperform gold. Ultimately, I see the stock market falling 80% and I have long thought that this will coincide with a worldwide real estate crash. A 1929 style depression is very likely. Personally, gold and silver are my investments of choice, with a bare minimum of cash in the bank. 2 1 Link to comment Share on other sites More sharing options...
sawadee1947 Posted March 25, 2022 Share Posted March 25, 2022 Buy ETFs 1 Link to comment Share on other sites More sharing options...
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