Happy Girl
Registered User
- Messages
- 793
......Over the last few months I have spent a large chunk on long term goods, while my money still has value.
Is gold the next bubble?
Well I wouldn't suggest buying a brand new car, unless you were getting a fantastic deal on it.I'm not sure of the point in spending your savings on a "long term good" like a car whihc depreciates in value the moment you drive it out of the garage. Likewise, isn't part of the reason some people got into a financial mess is because they bought a whole pile of consumer goods/holidays and had nothing to back up their spending.
What other physical assets or commodities can anybody think of that we could transfer our some of our deposits too? There is some "thinking outside the box" required here I think.
I've considered just paying off chunks of the mortgage. However, I'm not going to because of these factors:Do you have any debts outstanding, i.e. mortgage?
Poland went through a period of hyperinflation in the very early 1990s and many people lost their life savings as deposits became worthless. People who bought items of value escaped this. A Polish friend of mine bought a shipping container load of cigarrettes for approx $250k US dollars.
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