stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,447 
Likes: 945
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Post by stub8535 on Jul 21, 2017 5:41:56 GMT
While many investment trusts have gone through the wall st crash,world wars & other crisis some financial and some not they have survived and are still around.Many of them hold gold as a safety net so there does seem a good reason to hold it.But not sure in a complete break down of the monetary system it would have the same impact due to the other problems we would be facing.But you would think with all the borrowing and govt. debt in the world that something has to give one day. As an oldie i do not really understand Bitcoin(only how much i could have made over the last couple of years)but seeing on the BBC today about a so called war within the Bitcoin community,can someone explain to me what stops it from becoming a Nokia or Kodak type of thing where some one invents a new currency and it becomes worthless? Good final point macq. With all the alternatives that are being concocted in the ether it is a speculative arena. With banks and financial institutions now using blockchain I wonder how long until they introduce their own crypto currency for inter company trading?
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lobster
Member of DD Central
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Post by lobster on Jul 21, 2017 6:03:35 GMT
While many investment trusts have gone through the wall st crash,world wars & other crisis some financial and some not they have survived and are still around.Many of them hold gold as a safety net so there does seem a good reason to hold it .But not sure in a complete break down of the monetary system it would have the same impact due to the other problems we would be facing.But you would think with all the borrowing and govt. debt in the world that something has to give one day. As an oldie i do not really understand Bitcoin(only how much i could have made over the last couple of years)but seeing on the BBC today about a so called war within the Bitcoin community,can someone explain to me what stops it from becoming a Nokia or Kodak type of thing where some one invents a new currency and it becomes worthless? Have to agree with this. Just imagine if there were a total financial banking system meltdown ie. nothing coming out of cash machines, all credit and debit cards refused etc etc. Well if that were to actually happen, there would be a global panic and blood on the streets .... literally. No-one getting paid ?? Just imagine it. Shop looting everywhere and a total societal breakdown. Probably lose our utility services , so no electricity, no gas, no water ?? So how exactly would Gold help us in those circumstances ? Would we seriously expect someone (who?) to swap our gold coins for some of his/her goods and services in such a panic stricken environment ? In such an environment what people would want , is drinking water, food and shelter. Gold would be of as much use as a hole in the head.
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Post by Deleted on Jul 21, 2017 7:53:03 GMT
It would appear this thread about distribution of net wealth is heading towards "how to build your own nuclear bunker" and "stock up for the end of the world as we know it" 😲
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macq
Member of DD Central
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Post by macq on Jul 21, 2017 7:57:52 GMT
It would appear this thread about distribution of net wealth is heading towards "how to build your own nuclear bunker" and "stock up for the end of the world as we know it" 😲 ok back on track 100% in tins of food 
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pom
Member of DD Central
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Post by pom on Jul 21, 2017 8:01:38 GMT
It would appear this thread about distribution of net wealth is heading towards "how to build your own nuclear bunker" and "stock up for the end of the world as we know it" 😲 ok back on track 100% in tins of food Ah but tins don't always last well, might need to diversify into dehydrated and other preserving methods. And don't forget some kind of water purifying system etc etc 
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Steerpike
Member of DD Central
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Post by Steerpike on Jul 21, 2017 8:03:57 GMT
Run down P2P and stock up with tattoos, weapons, vehicles with scythes on the wheels, chewing tobacco, and skimpy leather apparel, hell yeah.
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macq
Member of DD Central
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Post by macq on Jul 21, 2017 8:12:31 GMT
Run down P2P and stock up with tattoos, weapons, vehicles with scythes on the wheels, chewing tobacco, and skimpy leather apparel, hell yeah. how we got here from tins of beans i dont know and to think i was blamed for taking us off track! 
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jonah
Member of DD Central
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Post by jonah on Jul 21, 2017 8:58:10 GMT
Excluding the usual... in round numbers...
55% S&S&B funds
35% cash (keep trying to reduce this)
10% p2p
-10% cash (i.e. Stooze pot or similar)
I have minor exposure to property and gold etc through some of the shares, but am planning on potentially increasing that at my next rebalancing this year, or at least the amount allocated to new investments.
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Post by oldnick on Jul 21, 2017 9:49:44 GMT
I'm chuckling over your puny earthbound plans - I have a place in Steven Hawkins escape pod. |
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Post by buggerthebanks on Jul 21, 2017 9:56:44 GMT
ok back on track 100% in tins of food Ah but tins don't always last well, might need to diversify into dehydrated and other preserving methods. And don't forget some kind of water purifying system etc etc I have a LifeStraw 
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macq
Member of DD Central
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Post by macq on Jul 21, 2017 9:58:01 GMT
would like to see your investment plan to pay for the space pod!.Guess your sitting between Richard Branson & Warren Buffett
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pom
Member of DD Central
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Post by pom on Jul 21, 2017 10:29:46 GMT
Run down P2P and stock up with tattoos, weapons, vehicles with scythes on the wheels, chewing tobacco, and skimpy leather apparel, hell yeah. how we got here from tins of beans i dont know and to think i was blamed for taking us off track! Everyone's got that Friday feeling obviously
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fasty
Member of DD Central
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Post by fasty on Jul 21, 2017 10:35:24 GMT
how we got here from tins of beans i dont know and to think i was blamed for taking us off track! Everyone's got that Friday feeling obviously When I launch my benign dictatorship, I shall be recruiting in this forum for my Minister of Finance.
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Post by oldnick on Jul 21, 2017 10:46:37 GMT
how we got here from tins of beans i dont know and to think i was blamed for taking us off track! Everyone's got that Friday feeling obviously I plan to take out a P2P loan...
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Post by nellerdk on Jul 24, 2017 12:47:39 GMT
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