Get all cash out of the bank

[dominion]

Looks like various local councils didn't act on this thread title soon enough!

http://news.bbc.co.uk/1/hi/uk_politics/7659783.stm

[Wheeze]

Soooo, where are we then?
I'm VERY wary of taking anything in the media as anything like the truth. My personal experience is that when you are directly involved in something that hits the media, what gets out to the public is, at best, a significant distortion of the truth if not a fabricated sensationalised fairytale.
Listening to the news today, they talked about 'dramatic' cuts in interest rate, as if 0.5% was something totally out of the ordinary....which its not.

OK, so some financial institutions got burned playing a risky game. Well, sh*t happens. And liquidity has dried up. Yeah well, so what? It will come back, it's just the players may have changed. £400 billion from the public purse to bail out banks? Well, as usual, its not an actual figure. Most of it is guarantees to winkle banks out of their shells again and get playing. Sure, we may spend £50 billion but it will come back with interest and the government probably ships figures bigger than that in loans to impoverished countries with no expectation of ever paying it back.

So, I'm tired of all this media froth. All it does is erode confidence and its that that has a downward effect on people, not the temporary cessation of the money merry-go-round. So come on hacks, lets get back to Jordans b**b jobs please! (I never thought I'd hear myself say that!)

[OneHillWonder]

So, I'm tired of all this media froth.

me too - I get to spend my days working with journos too

What we need is a mass murderer to hit the headlines and they will all forget about the financial situation

[Stolly]

Its all Robert Peston's fault (Seriously though it is).



In the interests of getting away from doom and gloom and onto far more important matters you really need to go here

[stevefoster]

Its all Robert Peston's fault (Seriously though it is).



In the interests of getting away from doom and gloom and onto far more important matters you really need to go here

And end up with banker's cramp after a withdrawal and a deposit
Lad's humour and not at all funnny

[TheHeathens]

Gold is king, diversification is dead.

If you'd invested as Christopher Leigh said (solely in gold) on the last date of this thread, you'd have made 9.42% on your money.

However if you'd invested it in a diversified high risk portfolio, you'd have made 35.06% with less portfolio volatility.

Higher growth, less volatility - where would you invest?

[southernsoftie]

That's an impressive route profile. Which line's your HR?

[noel]

What you're saying is true now. But it looks to me like gold outperformed the other one for about 50% of the time period shown.

[TheHeathens]

What you're saying is true now. But it looks to me like gold outperformed the other one for about 50% of the time period shown.

Which is fine if you wanted to get your money out 6 months ago, but you should only invest in gold or equities for a time period of 5 years plus (mentioned earlier in the thread - I'm not asking you to read it though!) so the longer time period the better. We're talking about investors, not stock market traders.

Basically I've said in this thread says that diversification reduces risk and you shouldn't put all your eggs in one basket - perfectly illustrated by the way gold has dropped off.

There was a rush to gold as a hedge against falling markets, but look at the trend now as equity markets are rising...

[Boy Wonder]

Goody... an old favourite back from near-death...