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Currency collapse, how to protect your money?


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Best nest egg IMO, buy a two or three bedroom house and rent it out. Rent is only going to rise.....It's a long-term thing, sure, but in twenty years time (give or take) you'll be sat on something that is almost paid off and you'll have X amount a month coming in forever. JD

i thought about this jd,

BUT

you buy a house today for say £150,000

which wont buy a 3 bed house here but maybe a 2 bed,

the morgage on interest only is,£790 plus on todays super loy interest rates which will only go up,

 

the rent achievable is say max£550 a month so that leaves a down fall of £240 on today cheap rates,

 

so what iam saying is rentals might not be the thing like they where in the 90s where there was an income and capital growth,now adays we can only hope for capital growth and my oppinion is we wont see that in the housing market for another 20 yrs

and wait till the morgage rates or interest rates go up we can wipe another 20% of the house prices

 

bit like houses where cheaper to buy in 2001 then what they where in 1990

if you can achieve a yeild of over 7% you carnt loose ive seen it on homes under the hammer :laugh:
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. It's a scam like everything else mate How the f**k is there a currency problem when it's printed on paper when you get a mortgage there's no money involved the bank just writes you in his book to

Darcys books

fags or drugs

no money in weed as half the town grows it

anything farming related is worth money.

fuel is stolen around these parts so you'd need to hide it well

money in pucheen if ye can make it decent

id say there would be money growing tobacco

and invest in quality items at auction.

 

 

no money in weed?

where do you live the moon.

y

at anything from 250 and oz to 320/aye there is money in it.

 

try 90 oz here

every c**t and his mother is growing it here, the only weed that is making the money you are talking about is the imports from amsterdam.

 

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no money in weed as half the town grows it

anything farming related is worth money.

fuel is stolen around these parts so you'd need to hide it well

money in pucheen if ye can make it decent

id say there would be money growing tobacco

and invest in quality items at auction.

 

 

no money in weed?

where do you live the moon.

y

at anything from 250 and oz to 320/aye there is money in it.

 

try 90 oz here

every c**t and his mother is growing it here, the only weed that is making the money you are talking about is the imports from amsterdam.

 

where do you live lol

 

no weed is imported here,id say 90% of weed in the uk is grown here,and just as good if not better in some cases than weed from the dam.

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no money in weed as half the town grows it

anything farming related is worth money.

fuel is stolen around these parts so you'd need to hide it well

money in pucheen if ye can make it decent

id say there would be money growing tobacco

and invest in quality items at auction.

 

 

no money in weed?

where do you live the moon.

y

at anything from 250 and oz to 320/aye there is money in it.

 

try 90 oz here

every c**t and his mother is growing it here, the only weed that is making the money you are talking about is the imports from amsterdam.

 

where do you live lol

 

no weed is imported here,id say 90% of weed in the uk is grown here,and just as good if not better in some cases than weed from the dam.

 

sept/oct was last time i checked up on prices as i havent been out drinking in a while. weed is cheep, coke is shite here but dear as fook. pills are pure shite and tenner each.

 

ive quit it all myself. im making money buying at auction and selling online

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no money in weed as half the town grows it

anything farming related is worth money.

fuel is stolen around these parts so you'd need to hide it well

money in pucheen if ye can make it decent

id say there would be money growing tobacco

and invest in quality items at auction.

 

 

no money in weed?

where do you live the moon.

y

at anything from 250 and oz to 320/aye there is money in it.

 

try 90 oz here

every c**t and his mother is growing it here, the only weed that is making the money you are talking about is the imports from amsterdam.

 

where do you live lol

 

no weed is imported here,id say 90% of weed in the uk is grown here,and just as good if not better in some cases than weed from the dam.

 

sept/oct was last time i checked up on prices as i havent been out drinking in a while. weed is cheep, coke is shite here but dear as fook. pills are pure shite and tenner each.

 

ive quit it all myself. im making money buying at auction and selling online

 

i dont take drugs,well occasional spliff.but i know what lads are paying around here and its f*****g expensive.

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no money in weed as half the town grows it

anything farming related is worth money.

fuel is stolen around these parts so you'd need to hide it well

money in pucheen if ye can make it decent

id say there would be money growing tobacco

and invest in quality items at auction.

 

 

no money in weed?

where do you live the moon.

y

at anything from 250 and oz to 320/aye there is money in it.

 

try 90 oz here

every c**t and his mother is growing it here, the only weed that is making the money you are talking about is the imports from amsterdam.

 

where do you live lol

 

no weed is imported here,id say 90% of weed in the uk is grown here,and just as good if not better in some cases than weed from the dam.

 

sept/oct was last time i checked up on prices as i havent been out drinking in a while. weed is cheep, coke is shite here but dear as fook. pills are pure shite and tenner each.

 

ive quit it all myself. im making money buying at auction and selling online

 

i dont take drugs,well occasional spliff.but i know what lads are paying around here and its f*****g expensive.

i went daft with drink and drugs last couple of years. but have gone cold turkey now. more important things in life.

Edited by Carraghs Gem
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Any precious / industrial metals. Gold, silver, platinum, palladium, copper, lead etc. Pre 1992 1 and 2p pieces are mainly copper and worth 'putting aside' for the long, long term future imho. They are the ones that don't stick to a magnet. :thumbs: Gawd bless me old grandad who had the foresight to lay aside any pre 1947 silver coins if he could afford to from 1947 - 1971.

 

http://en.wikipedia....Gresham%27s_law

 

Other commodities and foodstuffs are worth looking at. Anything tangible that can't be created by bankers pressing a few buttons on a computer and doesn't rely on finance / loans / credit or leverage to buy. Oil, coal, wood, car parts, rice, pasta, tinned foods, alcohol especially spirits that will store long term so long as you don't drink them.

 

I worked with a guy who lived through the Argentinian economic and currency crises of the 1980's, 1990's and in to the 2000's.

 

%932002%29'>http://en.wikipedia....E2%80%932002%29

 

He said generators were worth their weight in gold and one of the first items to be totally sold out during the currency collapse. I have a link to a blog he sent me somewhere......

 

 

http://ferfal.blogspot.com/

Edited by PeakOil
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Gold's been tanking the last couple of months as will all the other commodities if the world goes into full blown recession next year which it probably will.

 

I'd pile any spare cash into my mortgage...at least having a roof over your head is something

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would anyone consider the likes of coal??? with the weather also getting nothing but worse and the fact people will still need heat maybe another idea :hmm:

 

also sun flower oil / chip fat, as can be used in deisel cars but unsure how long it lasts or can you still use it after a good few years :hmm:

 

another 1 would be any scrap cars under £100 or any scrap metal under 60% of the scrap value.

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my other advise would be split it in to different area's

 

hunting gear (guns, ammo, net, rods, hooks, line, knifes, locators + batterys)

fuel (cerosen, veg oil, deisel, petrol, oil, coal)

bits of land

gold / silver / platinum / brass / copper (because if the value of money comes down these will be your only currencey)

food (jars and vinager for pickeling, tinned food, dried food)

solar panels

Edited by Wxm
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And to the lad who started the post IMO the answer is silver because ther ain't that much left and the chinks are buying it all up coz it's used in most computer technology shit ma cussin bin at it for a bit swears by it says it's gone well up since he started he not a stupid kid either on the ball he is

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