Dont physically buy metals, thats ******ed. you are going to loose money on buying it and selling it plus you have to have someplace to keep it. Just get a metals fund or metals ETF.
Backing any asset with paper is stupid. Whats happens when the institution can't pay out? Also, many exchanges sell more gold/silver than they have and hedge their investment on people not recalling their assets at the same time; think Bernie Madoff. There is no subsitute for having the items in your safe possession, unless you are playing on buying Fort knox's gold reserves and storing them in your basement.
Stocks, go for companies which have had a massive hit during the financial crisis. Uk Stock market buy JPR. If that company recovers to anything like pre recession levels you will be a millionaire.
Certain companies are allowed to fail (British Petroleum) while others are allowed to flourish (HSBC, Santander) by design and manipulation. You won't be becoming a millionaire if they don't want you to.
:deal 100% agree, also buying 'scrap' is tax free. Buying physical is always better aslong as you can pick it up at spot price, taking out a local ad in the paper as a buyer or going around carboots is a very good way of buying gold and silver, you can rip people off and pick it up for next to **** all aswell if your any good
did you know bp sold more than a third of its shares before the gulf oil spill disaster? as you say market manipulation and thieves in shirts and ties over looking the thames from teh soaring skylines of canary wharf, stick with the gold and silver (mainly silver) and you wont go far wrong...
:rofl:rofl:rofl:rofl Having the items in your safe is not very liquid. A mutual fund is not the same as a bank loan. When you invest in a fund, the brokerage has 100% of those assets in the fund, unlike a bank which only has 10% of your assets in cash. Also you better be sure your home owners insurance covers gold/jewelery/coins in case of theft.
My tips for investment are the Yuan and solid Solar energy companies. I believe both will have tremendous growth over the next 10 years.
Buy some piglets and some pig food, feed them and watch them grow . Then butcher and sell them. Sure thing .
Eurobank EFG group offers mutual funds, high yield cds, and high yield savings accounts. I bank there and am exceedingly satisfied.
We're not talking about bank loans here. A fund also requires investment input and the POTENTIAL to have a high yield - that worked well pre-global recession - however, many people have bailed out, removed thier money or simply lost a tonne in these bogus funds. Think how many people have lost out in thier pension funds since 2007; the money runs into the trillions. At the end of the day money is just PAPER and can become worthless through deflation and marketa bottoming out. Gold, oil, silver,land etc has ALWAYS had intrinsic value for centuries. This is why many uber rich people are buying up REAL wealth commodities and assets like bullion because they are a PRESERVER of wealth while their paper devalues by the day. Don't listen to these people who phone you up about funds and investment strategies in tanking institutions - think smart and observe the world around you