A
aid@n
Guest
Hi,
Sorry if this is in the wrong place, I'm new to this site and the investment forum seems the most suitable.
Supposing you came into the possession of a sum of money, E80000 for example, say through inheritance/insurance/sale of an asset etc... where would you invest it for the next few years until the economy becomes less turbulent? ...providing you were more concerned with ensuring the safety of your deposit/investment rather then looking for the most profitable return.
I ask this because I find myself in such a situation. Looking at the Irish banks and their term/savings accounts, they're not overly confidence inspiring. While the Irish government guarantee scheme is somewhat reassuring, from different articles and opinions I've been reading there's a considerable(if outside) chance that the government won't be able to live up to it and may itself go under/bankrupt. There's other things too, I've seen a fair few people talking about the possibility of hyperinflation stemming from the US in the medium term future, as well as other possibilities like catastrophic runs on the bank which apparently came within hours of happening in the UK and the US back in Sept. Anyway, not meaning to be all negative about it, but I've just been trying to think of somewhere relatively safe to invest in the medium term.
Was looking at Rabobank initially, while its interest rates are pretty bad they're always going on about their AAA credit rating and they're backed by the dutch government rather then the Irish. Does anyone know how safe they actually are and would the be insulated if the Irish banks went to the wall? If not is the any other banks operating withing Ireland that would be?
Looked into buying gold aswell, but its gone so expensive in the last while and may be inflated/overvalued? Still, some analysts I read are predicting further huge rises...
Also considered shares...in some bluechip companies maybe...does anyone know how share prices are affected during hyperinflation? Thinking about it, it would seem that the share value would keep abreast with the inflation and you wouldn't lose your investment?
Anybody have any thoughts on this?
Thanks.
Sorry if this is in the wrong place, I'm new to this site and the investment forum seems the most suitable.
Supposing you came into the possession of a sum of money, E80000 for example, say through inheritance/insurance/sale of an asset etc... where would you invest it for the next few years until the economy becomes less turbulent? ...providing you were more concerned with ensuring the safety of your deposit/investment rather then looking for the most profitable return.
I ask this because I find myself in such a situation. Looking at the Irish banks and their term/savings accounts, they're not overly confidence inspiring. While the Irish government guarantee scheme is somewhat reassuring, from different articles and opinions I've been reading there's a considerable(if outside) chance that the government won't be able to live up to it and may itself go under/bankrupt. There's other things too, I've seen a fair few people talking about the possibility of hyperinflation stemming from the US in the medium term future, as well as other possibilities like catastrophic runs on the bank which apparently came within hours of happening in the UK and the US back in Sept. Anyway, not meaning to be all negative about it, but I've just been trying to think of somewhere relatively safe to invest in the medium term.
Was looking at Rabobank initially, while its interest rates are pretty bad they're always going on about their AAA credit rating and they're backed by the dutch government rather then the Irish. Does anyone know how safe they actually are and would the be insulated if the Irish banks went to the wall? If not is the any other banks operating withing Ireland that would be?
Looked into buying gold aswell, but its gone so expensive in the last while and may be inflated/overvalued? Still, some analysts I read are predicting further huge rises...
Also considered shares...in some bluechip companies maybe...does anyone know how share prices are affected during hyperinflation? Thinking about it, it would seem that the share value would keep abreast with the inflation and you wouldn't lose your investment?
Anybody have any thoughts on this?
Thanks.