J
jelly 292
Guest
Hello,
I'm probably reading to many threads on the Internet ;boards, on AAM, and P.ie but I get the feeling that we are heading for an almighty crunch with the Euro currency, whole world financial system.
No matter what our government, the EU or ECB say; at this stage I would not trust a single thing from any of their mouths.
I have ready many threads from jittery Irish deposit holders about what to do with their hard earned deposits and for every answer there seems to be an opposite opnion.This only confounds the confusion.
Personally I think there is a reckoning coming for the Euro and that Ireland will default and return to some form of Punt Nua. Last week all seemed sorted with the EU but this week its all panic stations again, politicians and bankers trying to reassure us all the they have things under control when the facts seem to contradict this.
Now as you have guessed I am pretty much economically illiterate apart from how to manage my week to week life, normal money stuff , thats grand.
I have come into some money now and I am desperately trying to figure out what to do. There is no easy answer it seems, a case of least worst options.
I feel I have to do something now though because if the This post will be deleted if not edited to remove bad language falls out of the whole thing overnight and my € is converted into new funny money it will be postal time!!
All I want to do is keep deposit safe as possible for time being, not invest as such.
At the moment my € is deposited with RaboDirect- Problem is that if Ireland goes to punt nua, as far as I can tell, those € deposits will turn to Irish punts and will take a huge hit.
So I could go and open a sterling account but sterling is looking pretty unhealthy and it seems they are just printing money at the moment.
Swiss Francs/Krona- I have not a clue; the safest currencies?
Dollar- Its doomed by all accounts
Gold- Is it a bubble? If I have bought a few months back I would have made a profit. This is bubble thought though, like the housing boom, I must buy now or miss out and then BANG,tears. Or not? Gold I just cant figure out who is right.
Silver- Safer version of gold?
Investments through a Financial Advisor? I went to see one and he was more like a salesman,he just wanted to draw up a portfolio for his firm. maybe I should see another. Again, Don't want to risk my money to make a quick buck. Safety is priority.
Hard Cash in Euro , strapped to my body like that awul fella in Cork?
I know this has been done to death but any light shone on my very limited awareness of these things would be much appreciated , I really feel like the clock is ticking.
Many thanks
I'm probably reading to many threads on the Internet ;boards, on AAM, and P.ie but I get the feeling that we are heading for an almighty crunch with the Euro currency, whole world financial system.
No matter what our government, the EU or ECB say; at this stage I would not trust a single thing from any of their mouths.
I have ready many threads from jittery Irish deposit holders about what to do with their hard earned deposits and for every answer there seems to be an opposite opnion.This only confounds the confusion.
Personally I think there is a reckoning coming for the Euro and that Ireland will default and return to some form of Punt Nua. Last week all seemed sorted with the EU but this week its all panic stations again, politicians and bankers trying to reassure us all the they have things under control when the facts seem to contradict this.
Now as you have guessed I am pretty much economically illiterate apart from how to manage my week to week life, normal money stuff , thats grand.
I have come into some money now and I am desperately trying to figure out what to do. There is no easy answer it seems, a case of least worst options.
I feel I have to do something now though because if the This post will be deleted if not edited to remove bad language falls out of the whole thing overnight and my € is converted into new funny money it will be postal time!!
All I want to do is keep deposit safe as possible for time being, not invest as such.
At the moment my € is deposited with RaboDirect- Problem is that if Ireland goes to punt nua, as far as I can tell, those € deposits will turn to Irish punts and will take a huge hit.
So I could go and open a sterling account but sterling is looking pretty unhealthy and it seems they are just printing money at the moment.
Swiss Francs/Krona- I have not a clue; the safest currencies?
Dollar- Its doomed by all accounts
Gold- Is it a bubble? If I have bought a few months back I would have made a profit. This is bubble thought though, like the housing boom, I must buy now or miss out and then BANG,tears. Or not? Gold I just cant figure out who is right.
Silver- Safer version of gold?
Investments through a Financial Advisor? I went to see one and he was more like a salesman,he just wanted to draw up a portfolio for his firm. maybe I should see another. Again, Don't want to risk my money to make a quick buck. Safety is priority.
Hard Cash in Euro , strapped to my body like that awul fella in Cork?
I know this has been done to death but any light shone on my very limited awareness of these things would be much appreciated , I really feel like the clock is ticking.
Many thanks