PPRuNe Forums - View Single Post - Growing Evidence That The Upturn Is Upon Us
Old 6th Nov 2009, 21:03
  #3155 (permalink)  
Wee Weasley Welshman
 
Join Date: Feb 2000
Location: England
Posts: 15,001
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The possibility of a money reset and issue of new currency is what drives me to have some physical gold. In a world where major currencies were resetting gold values would be through the roof and a small holding would be enough to start again well ahead of the pack.

It won't happen though. But I still have house insurance etc.


Metal is OK as an asset but then you are very unlikely to ever be able to take delivery of it. I lean towards assets that you can actually see and touch and own in a hyperinflation world. A cellar with 700 bottles of (currently cheap ad about to become much more expensive) Champagne is what I've just spent my ISA allowances on. They take up suprisingly little space when you rack them.

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