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Stock market crashing

Rothko
Rothko Posts: 18,876
edited October 2008 in Not Sports Related
FTSE down 7%, Dow is already 5% down.

Looks like pure carnage out there

Comments

  • Ketman
    Ketman Posts: 6,796
    Shame all those greedy Rich sods with shares must be gutted. Never mind invest in Gold I say !
  • WSS
    WSS Posts: 25,120
    I'm glad i'm totally ignorant about all this stuff and just know how much money I have each month, how much I can spend and how much I should save. Think i'd be worrying far too much if not.

    Roll on Vegas in 5 weeks to spunk money here there and everywhere. FTSE, schmutsey.
  • golfaddick
    golfaddick Posts: 34,354
    you should all worry as if you have any type of savings outside of bank deposits - personal pension/company pension/endowment/isa (non cash) then you all have a stake in the stock market.

    only lucky beggars will be those in final salary pensions - but I expect most of those have closed unless you are a civil servant, local gov or NHS worker.
  • InspectorSands
    InspectorSands Posts: 5,212
    who was it that always used to advise investing in gold?
  • nth_london_addick
    nth_london_addick Posts: 35,919
    we are final salary 3 years ago coca cola put 30 mil into the fund to ensure that we stay that way, however all new employees are the shares one and are not looking to good now than feck most of them will have 15 to 20 years to keep paying in to it


    not good for anyone when the stock market goes like this
  • sporaddick
    sporaddick Posts: 430
    [cite]Posted By: InspectorSands[/cite]who was it that always used to advise investing in gold?

    I think it was the bloke who started with one shed and then - having successfully invested in gold - managed to get himself another shed!
  • SoundAsa£
    SoundAsa£ Posts: 22,586
    [cite]Posted By: sporaddick[/cite]
    [cite]Posted By: InspectorSands[/cite]who was it that always used to advise investing in gold?

    I think it was the bloke who started with one shed and then - having successfully invested in gold - managed to get himself another shed!

    Gold is also having a bad time I believe!
  • F-Blocker
    F-Blocker Posts: 3,409
    They should've closed the market for a couple of days.
  • alex jones
    alex jones Posts: 30
    edited October 2008
    Gold is at a near all time high in sterling.Gold will go to £3000 per ounce in two years and you can take that to the bank.The paper price of gold(spot) is of no consequence,You cant hardly get hold of any and they are queing round the block to buy it The premium is $100 at least over spot.
  • WSS
    WSS Posts: 25,120
    [cite]Posted By: alex jones[/cite]Gold is at a near all time high in sterling.Gold will go to £3000 per ounce in two years and you can take that to the bank.The paper price of gold(spot) is of no consequence,You cant hardly get hold of any and they are queing round the block to buy it The premium is $100 at least over spot.
    and so he appears. yawn

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  • ThreadKiller
    ThreadKiller Posts: 8,642
    that was easy.
  • Leroy Ambrose
    Leroy Ambrose Posts: 14,495
    [cite]Posted By: alex jones[/cite]Gold is at a near all time high in sterling.Gold will go to £3000 per ounce in two years and you can take that to the bank.The paper price of gold(spot) is of no consequence,You cant hardly get hold of any and they are queing round the block to buy it The premium is $100 at least over spot.
    Wait...

    No......

    Slowly... Losing............. Will to live......
  • SoundAsa£
    SoundAsa£ Posts: 22,586
    My jaw is clenched!!
  • Robbo on the wing
    Robbo on the wing Posts: 4,135
    Del Boy. Filofax. Falls through open bar.

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