serf
Member
- Location
- warwickshire
2008/09
Cash, what to do with it come negative interest rates?
- Thread starter Jerry
- Start date
Give it to a charitable worthy cause, so that it gets to those that are less privileged.
- Location
- Bedfordshire
He was no RishiShould have bought that when our best chancellor in history,
gave it away!!
- Location
- Bedfordshire
Via a ceo on £250k per annum
Frodo
Member
- Location
- Scotland (east)
serf
Member
- Location
- warwickshire
No , he was a nob head , all they had to do was turn up and ride the Crest of the wave ken clarke left them !
farmerm
Member
- Location
- Shropshire
Well cant really argue with a chap whos investments have done so much better than mine.
That would be a very bizarre situation though... if the bank of England didn't start printing vast sums of cash and in effect restrict the withdrawal of cash then cash in hand would like any other asset be inflating whilst digital pounds in the bank would be deflating in value and the space time continuum would be broken and end existence! Asset inflation is usually brought to an end long before reaching infinity by a substantial corrective crash...Hindsight
Member
- Location
- Lincolnshire
Well negative interest rates are to all intents here.
National savings today -
Rate cuts starting next month will include 186,000 income bond customers, who have an average balance of £117,200 in each account, who will have their interest cut from 1.16 per cent to 0.01 per cent. Meanwhile its 172,000 direct saver customers, who have a typical balance of £106,000 each, will have rates cut from 1 per cent to 0.15 per cent.
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The rate on the bank’s investment account, which has 1.5 million customers with a combined balance of £2.8 billion, will also be cut from 0.8 per cent to 0.01 per cent and the odds on anyone winning its Premium Bonds prize draw will lengthen from 24,500-to-1 to 34,500-to-1.
National savings today -
Rate cuts starting next month will include 186,000 income bond customers, who have an average balance of £117,200 in each account, who will have their interest cut from 1.16 per cent to 0.01 per cent. Meanwhile its 172,000 direct saver customers, who have a typical balance of £106,000 each, will have rates cut from 1 per cent to 0.15 per cent.
SPONSORED
The edible treasure trove you need to explore before 2020 ends
Fresh thinking for eco-conscious dental hygiene
The rate on the bank’s investment account, which has 1.5 million customers with a combined balance of £2.8 billion, will also be cut from 0.8 per cent to 0.01 per cent and the odds on anyone winning its Premium Bonds prize draw will lengthen from 24,500-to-1 to 34,500-to-1.
Completely the opposite, too much money causes INFLATION not deflation, deflation is caused by too little money to buy the goods available or too many goods for the money available meaning the price of those goods falls, why the hell do you think interest rates rise to reduce inflation ?
- Location
- Mendips Somerset
Im not sure which companies our share portfolio wrapper is in but it did 12% last 12 months .
- Location
- Northumberland
Great calender picture!
Charitable worthy cause .
There plenty of Charities that dont have 'Ceos' just volunteers
Av Gorritt
Member
- Location
- NE Ches / SE Lancs
Yes , that's me . Only put the money in 3 months ago too - after the bank was paying .01 % . Derisory for the bank , and now also for the NS and I income bond after 04/11 . One thing is absolutely sure - I won't be leaving it there after this month's interest is paid ! just to rub it in , I had an email from NS and I telling me how good they were and were all about responsible saving .
essex man
Member
- Location
- colchester
The most well known is bitcoin.
The total amount of bitcoin there will ever be is roughly 21 million. About 18 million exist now.
Currently they are worth £10000 each .
If you want to buy some you can do it on an exchange such as coinbase.
I would recommend however that you don't leave your bitcoin on an exchange as it could be vulnerable in the long term.
Instead keep your bitcoin yourself at home, there are a number of secure ways to do this.
You can buy bitcoin using your pension if you have one, bitcoin capital gains are subject to CGT
toquark
Member
Yes. I’ll give you my contact details.
The worst financial advice ever offered by someone who is not qualified to offer it.