Guest Gel Posted November 16, 2006 Report Share Posted November 16, 2006 Assuming all goes well over the next week or so I should have abut 100k to invest. So far the plan is: 32k in ICICIbank 32k in Icesave 3k in a Tracker ISA (Wondering if this is really a good idea considering how high the FTSE is) 10k in Gold 20k in Silver My concern is that silver attracts 17.5% Vat doesn't it? Should I buy mining shares or actual physical product, and where should I go? Thanks, I was going to post this on HPC but I reckon there are a lot of unstable opinions on there! Link to comment Share on other sites More sharing options...
frizzers Posted November 16, 2006 Report Share Posted November 16, 2006 re silver and VAT see the silver thread. re gold or shares general opinion says a bit of both consider some energy plays don't know what ICIC banks is nor Icesave premium bonds are worth considering Link to comment Share on other sites More sharing options...
No6 Posted November 16, 2006 Report Share Posted November 16, 2006 don't know what ICIC banks is nor Icesave A couple of foreign banks currently offering about 5.5% on their internet based instant access accounts. Link to comment Share on other sites More sharing options...
Guest Guest Posted November 16, 2006 Report Share Posted November 16, 2006 A couple of foreign banks currently offering about 5.5% on their internet based instant access accounts. They currently offer .25% above the BOE base rate. Link to comment Share on other sites More sharing options...
drbubb Posted November 17, 2006 Report Share Posted November 17, 2006 I am about 80-90% invested in mining & resource shares That would be "shear madness" for most everyone. But it has worked well for me. My advice: Study, learn, and make your own decisions, and take responsibility for them. & Maybe you should consider attending a Minesite Forum or even... Mines & Money next week: http://www.greenenergyinvestors.com/index.php?showtopic=1168 = = "They currently offer .25% above the BOE base rate." they must be losing money- what is the credit risk? Link to comment Share on other sites More sharing options...
Newbear Posted November 17, 2006 Report Share Posted November 17, 2006 They currently offer .25% above the BOE base rate. "Icesave" is offering 5.4% in its internet savings account - plus some good looking guarantees about keeping 0.25% above BoE base rate. Problem is that Icesave is run by the Iceland-based Landsbanki that was recently downgraded by Moody's: http://www.landsbanki.is/index.aspx?GroupId=1264 Remembering how the Icelandic krona was hit by the May stock tumble. Does this make it look too vulnerable to financial shocks? Link to comment Share on other sites More sharing options...
sigmadelta Posted November 17, 2006 Report Share Posted November 17, 2006 The Krone's downfall happened in February and was caused by : first : an increase in interest rates to a high level which second : sucked the carry trade in and finally : when the icelandic economy was downgraded they all tried to rush for the exit I don't think it had much connection with the stock tumble in May, though it was all getting a bit hairy by then. I do agree about the risk of countries which have a high interest rate, in an inflationary world. Cheers, Pete Link to comment Share on other sites More sharing options...
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