I want to protect myself against currency inflation - what can I invest in which will have value in a crisis?
I want to protect myself against currency inflation - what can I invest in which will have value in a crisis? With the way things are going in the world economy I don't trust that the British Pound will keep it's value and worry that my savings will become worthless (think Zimbabwe). I want to invest in something that is physical and will keep it's value if the proverbial hits the fan.
Public Comments
- Most people here will probably tell you to buy 1. Metals 2. Treasury bonds 3. Housing But, you might not be able to afford the risk either. So, just turn your paper bills into change (coins), the worst case is you'll have lots of change and you can get your bills back at face value, but if inflation gets anywhere above normal, you can sell coins for money (due to rise in costs of metals).
- There's no inflation now. There's deflation
- Gold as a long-term investment. Try these sites: http://www.goldprice.org/gold-price.html http://www.bullionvault.com/
- Precious metals...particularly silver http://www.inflation.us/ http://www.inflation.us/silverupside.html
Powered by Yahoo! Answers