How long is it since the last recession started ? 8 - 9 years ? Just had letter from building society , ISA interest going down , its already below 1% .
Finance ...interest rate down again .
- Thread starter Evans Electric
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Sharpend
"It Just Is"
ISA’s like anything that is beneficial to the general public is now a non starter, we’ve just had the same letter and ours is down too 0.5%, really isn’t worth the worry imo. It’s time to buy gold, silver or diamonds! Money has no real worth.
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With base rates so low, the economy will have a real problem in the next recession. Rates should be much higher now so they can be lowered to stimulate growth, but the economy has never yet been strong enough for them to rise.
Just you wait until we get a negative base rate. You will get PAID to have a mortgage, and you will be CHARGED for keeping money in the bank (cue people keeping wads of cash under the bed)
Just you wait until we get a negative base rate. You will get PAID to have a mortgage, and you will be CHARGED for keeping money in the bank (cue people keeping wads of cash under the bed)
Premium Bonds are probably a better investment than ISAs?
ONly good thing about low interest rates is that some people decide it's better invested in soalr panels, which is good for me....
ONly good thing about low interest rates is that some people decide it's better invested in soalr panels, which is good for me....
Isn't Denmark in this position now?
Be interesting to see how my DIY solar goes next year .........
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Precious metals prices are spiralling down, time to start buying again except I’ve spent this months allowance.
The economy is a mess and not all of the UK’s doing.
The economy is a mess and not all of the UK’s doing.
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If they are spiraling down, should you not wait for a sign they might be going back up before buying?
Yes, that's where i saw the mortgage that pays you money, and the banks that charge you to keep savings.
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Buy low when you're gut feeling says so. Another way of looking at it, I bought the last 10 ozT bar from a colonial country on the UK market for a reasonable price. You have to watch the market.
I buy to acquire for my son, not to sell. If he chooses to sell it is up to him.
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