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"Should I withdraw my savings and bury it in the garden?"

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Wed 01/10/08 at 15:55
Regular
Posts: 19,415
Seriously, it's awful seeing all these banks collapsing. If your money isnt safe in a bank then where can we keep our savings? Maybe we should invest it in gold bars and bury them in the garden?

This is all Garins fault. I told him that an economy dependant on debt is just not going to work. If I give the bank £1, how the hell can they magically turn that into £9 and give as a loan or a morgage. What if everyone stopped borrowing money and started saving? Is that not what the banks want us to do?
Thu 09/10/08 at 14:46
Moderator
"possibly impossible"
Posts: 24,985
We're in East Devon, which isn't on there, but Exeter is and that might have a knock-on effect as our neighbouring borough.

Wouldn't worry too much about HSBC, Machie, they're in ok form compared to the smaller banks.
Thu 09/10/08 at 14:30
Regular
Posts: 19,415
Stupid council. Tewkesbury is on there too :(
Tue 07/10/08 at 15:11
Regular
"@optometrytweet"
Posts: 4,686
Heh, twas my fault. So I quit!

No seriously, things are still looking bad... Think it may be best to chuck the £35k into the organisations and then bury the rest in the garden...
Tue 07/10/08 at 11:39
Regular
Posts: 19,415
I was stupid and opened accounts in all major banks and building societies, including Halifax. What's going to happen to my account and ISA savings thing I havent looked at for 3 years?

I thought this $800 gazillion bailout was suppose to fix the economy. All the share prices are falling still. The ftse 100 was at the lowest its been since 2004. Who's to blame for all this? I want to see people getting fired.
Tue 07/10/08 at 09:14
Regular
"@optometrytweet"
Posts: 4,686
Machie wrote:
> *gulp* My mum saw a news camera team outside our HSBC bank
> earlier today. I don't think they were there to report about the
> flooding, as there isn't any at the moment. :/

I'm an HSBC customer..*gulp*

But luckily I'm with Nationwide as well. Despite their complete farcical way of dealing with things, I think they are the most secure organisation. But I could have been brainwashed into thinking that!
Mon 06/10/08 at 22:42
Regular
Posts: 19,415
*gulp* My mum saw a news camera team outside our HSBC bank earlier today. I don't think they were there to report about the flooding, as there isn't any at the moment. :/
Thu 02/10/08 at 12:26
Regular
Posts: 19,415
If only they watched Ducktales when they were a kid.
Wed 01/10/08 at 23:16
Regular
Posts: 9,995
Or we could draw on Machie's initial idea and invest in shovels. What a deliciously evil way to benefit from these economically uncertain times.
Wed 01/10/08 at 22:44
Regular
"Thinking and typing"
Posts: 174
Hmm, maybe we need to go and invest our money in ping pong balls or something like that???
Wed 01/10/08 at 22:17
Regular
"I like turtles"
Posts: 5,368
Yeah,thats what I meant.Didn't word that very clearly did I ?.

Although NS&I and Northern rock (which has been effectively nationalised) offer extra protection as they are backed by HM treasury.Irish banks now also have unlimited cover but I think this is only for a period of the next two years ? (Post Office savings is Bank Of Ireland).

Right,now I know the safest places to store any huge piles of cash which I haven't got !.

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