gold is relatively expensive only when compared to prices a year or two or three ago. It is relatively cheap when compared to it's inflation adjusted high of the 80s, and when compared to the amount of money being printing in EU, UK, US.even gold is relevately expensive right now
gold, unlike oil, has been mined and prospected for millenia. I have more faith in the existence of Santa Claus being proven.what happens if somehow A MASSIVE GOLD RESERVE IS DISCOVERD in the comming years too risky for me ,
While there is a risk with certificates, you can greatly reduce that risk by storing with the Perth Mint. Or you could always buy physical gold.by the way if you buy gold you dont even see the gold you get a cert to the value of the gold you invest in
Again and again and again the question is asked - but it is never definitively anwered! The question is - if I have a deposit account in Ireland with a foreign owned bank (like Rabo or NIB or Northern Rock), is my cash safe in the event that Ireland (a) goes bust and (b) leaves the Euro?
Does anyone know have the answers?
I tried to do this but the .au bank said I had to be resident. Is this the case in with ALL .au banks?Has anyone looked into moving money into countries (& hence currencies) that are paying high interest rates? For instance deposit interest rates in AUD are running at about 6.4% at the moment, which is 1.8 times the euro equivalent. I realise that there is a currency risk but aside from that what do people make of this strategy???
For AUD rates check out infochoice.com.au
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