jon357
9 Aug 2023
News / Poland highest inflation in 20 years [319]
Other people have said that to me, one of whom I remember buying gold and doing well.
I bought a load of old sovereigns in the 80s and 90s (cheaper than buying 'virtual' gold or tablets but slightly lower resale price too and easy to sell in the U.K.) and by weight the current value has outstripped any other investment I've made except the house and flat which I don't consider financial investments.
I'm not talking about making a fast buck here. I get paid in cash (eur and usd) every few months at a time, don't want to either pay it in the bank or have depreciating banknotes stuffed away in different countries. Aside from depreciation, there's also a potential burglary risk.
Hard to know the best thing to do. These aren't million pound investments, but involve enough cash to worry about. I dislike currency trading and am sceptical about the future of Sterling and euro, and to a point usd too since all three are vulnerable to inflation.
Bugger 'businessmen'. Farmers will always produce eggs and milk and with something as vital as food policy, society (via their elected representatives) can certainly ensure they continue to do so.
In my industry, this is typically interpreted as some sign of weak mindedness
Gold and silver prices are dropping too.
Other people have said that to me, one of whom I remember buying gold and doing well.
I bought a load of old sovereigns in the 80s and 90s (cheaper than buying 'virtual' gold or tablets but slightly lower resale price too and easy to sell in the U.K.) and by weight the current value has outstripped any other investment I've made except the house and flat which I don't consider financial investments.
I'm not talking about making a fast buck here. I get paid in cash (eur and usd) every few months at a time, don't want to either pay it in the bank or have depreciating banknotes stuffed away in different countries. Aside from depreciation, there's also a potential burglary risk.
Hard to know the best thing to do. These aren't million pound investments, but involve enough cash to worry about. I dislike currency trading and am sceptical about the future of Sterling and euro, and to a point usd too since all three are vulnerable to inflation.
you can tell businessmen what to sell something at, and you can even place export barriers so they have nowhere else to go - but you cannot force them to continue producing something.
Bugger 'businessmen'. Farmers will always produce eggs and milk and with something as vital as food policy, society (via their elected representatives) can certainly ensure they continue to do so.