beating the economic downturn

[thedarkproject]

Inflation is high. Interest rates are low. Putting money into my savings account is therefore not a great idea right now.

What should I be spending my money on, to make the most of it?

Normally I buy electrical goods and musical instruments but they aren't generally subject to inflation so I'm a bit stuck for ideas!

Comments

[filthgrinder.livejournal.com]

Holidays

[hakucho-cygnus.livejournal.com]

I concur.

[thedarkproject]

Nice idea... but I don't really 'do' holidays. :)

[hakucho-cygnus.livejournal.com]

You don't leave for a few days to recharge your batteries and your mind?


What else do you enjoy, aside from electronics?

[thedarkproject]

I don't leave... nowhere to go, no-one to go with.

I don't enjoy very much. :)

[hellbound-heart.livejournal.com]

Wine, women and song? Or at least, gigs and beer?

[thedarkproject]

Well, pretty much any gig that looks interesting, I'm going to, if I can get there. So I think that's covered! :)

[erishkigal.livejournal.com]

GOOOOOOOOOOOOOOOOOOLD

[thedarkproject]

Haha. Yeah, I suppose that is the investment of choice at the moment, isn't it? I'm not sure how I'd go about it though!

[erishkigal.livejournal.com]

I hear Elizabeth Arden at Argos is pretty nice.

[thedarkproject]

For some reason I just can't imagine that stuff holding its value... but I am probably overthinking it!

[erishkigal.livejournal.com]

Oh are you kidding me? They dont make that stuff anymore, man! Those gold staffordshire bull terrier pendants! The clowns with little plastic rhinestones! Those are serious collectables...

[thedarkproject]

Maybe I could just get the little dog out of a Monopoly set and paint it gold? Would that count?

(You're very jocular today! Hungary having a very positive effect?!)

[erishkigal.livejournal.com]

Maybe you could invest in your own range if you keep thinking outside of the box like that.. when I was in Woolwich a couple of weeks ago I saw a huge customer base that would lap that kind of thing up! And sure, but unfortunately I'd put it mostly down to cold-induced sleep deprivation :p Jocular now, not so fun when I get woken up at 8am.

[bloggerofdeath.livejournal.com]

you're best going through traders if you want to. If you buy physical gold through, the spread is quite large. The market price for gold is about $1119 an oz at the moment, which is about 708 in sterling, but a quick search for oz bars I can find returns prices of about 750 sterling (american computer here, no pound sign). Maybe invest in some fund instead?

[androktone.livejournal.com]

Yen...

[nostalgiaplatz.livejournal.com]

Ooh you could buy an Alsatian.

[jen-whitewave.livejournal.com]

Now there's an idea!