"Safe" investment, maybe gold?
Discussion
I've got a bit of hard earned currently sitting in bank accounts & now find myself for the 2nd time in the last decade or so being mildly concerned about the safety of it. I had been looking at some traditional methods of investment recently, but now I'm not so sure.
So lets say that COVID-19 doesn't go away as planned, things get properly tough & banks or GBP start to fail - are any of the traditional investment methods safe from this?
Gold has always had a certain appeal as it's tangible, can be in my own possession & will always be worth something. But looking at some other threads it seems that the UK market & spread are poor, it also looks like it's perceived as a preppers only thing & may ultimately result in a loss.
Are there any real forms of bullet proof investments that are reasonably accessible - or am I just being a doomsday prepper?
Thanks.
So lets say that COVID-19 doesn't go away as planned, things get properly tough & banks or GBP start to fail - are any of the traditional investment methods safe from this?
Gold has always had a certain appeal as it's tangible, can be in my own possession & will always be worth something. But looking at some other threads it seems that the UK market & spread are poor, it also looks like it's perceived as a preppers only thing & may ultimately result in a loss.
Are there any real forms of bullet proof investments that are reasonably accessible - or am I just being a doomsday prepper?
Thanks.
Thank you for all your opinions, differing as they are!
Bottom line is that I just feel a little nervous of virtual "stuff", s*** hits the fan & regardless of what a bit of paper promises, weather a certificate or currency there just isn't any guarantee that it will be honoured or worth anything / as much as it was.
If I'm not much concerned about profiting, prepared to take a small % hit & just trying to secure what I have, does a physical asset that's in my possession & readily tradeable not make at least some sense (World going beyond the Walking Dead aside)?
Current situation aside, what's the best way to but physical precious metal to minimise loss when the chips are cashed in - coins, bars.. There seems to be a wide variation in pricing for "retail" gold considering gold is gold is gold. I can see that the market does have high priced products that appear to have some BS attached to them, but even going beyond that, pricing seems pretty variable.
Bottom line is that I just feel a little nervous of virtual "stuff", s*** hits the fan & regardless of what a bit of paper promises, weather a certificate or currency there just isn't any guarantee that it will be honoured or worth anything / as much as it was.
If I'm not much concerned about profiting, prepared to take a small % hit & just trying to secure what I have, does a physical asset that's in my possession & readily tradeable not make at least some sense (World going beyond the Walking Dead aside)?
Current situation aside, what's the best way to but physical precious metal to minimise loss when the chips are cashed in - coins, bars.. There seems to be a wide variation in pricing for "retail" gold considering gold is gold is gold. I can see that the market does have high priced products that appear to have some BS attached to them, but even going beyond that, pricing seems pretty variable.
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