Banks ready to fall? - Switch cash into silver?
Discussion
Following an inheritance I have around £100k to look after.
Tempting though it is to blow it on cars/beer/women etc I will most likely use it to move house in the next year or two.
In the meantime it's split between premium bonds, a cash isa, and a savings account.
My brother is in a similar position except he is prophesising the complete collapse of the global financial markets and advising that I put as much as I dare into silver , e.g. https://www.silver-to-go.com/en/silver-coins/brita...
He's an extremely intelligent guy and I respect his intellect greatly, however, he has of late exhibited a few too many tin hat type beliefs for my liking.
Is there actually a good argument for physically buying commodoties such as precious metals in order to safeguard one's savings or is it really a bit unneccessary?
Tempting though it is to blow it on cars/beer/women etc I will most likely use it to move house in the next year or two.
In the meantime it's split between premium bonds, a cash isa, and a savings account.
My brother is in a similar position except he is prophesising the complete collapse of the global financial markets and advising that I put as much as I dare into silver , e.g. https://www.silver-to-go.com/en/silver-coins/brita...
He's an extremely intelligent guy and I respect his intellect greatly, however, he has of late exhibited a few too many tin hat type beliefs for my liking.
Is there actually a good argument for physically buying commodoties such as precious metals in order to safeguard one's savings or is it really a bit unneccessary?
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