T`would be a brave man to try to provide investment advice in these times..?
For me an ideal would seem to be the possibility to try to preserve value in terms of savings that took a lifetime to create, also the possible effect on pension pay out relative to market fluctuations.
As for Bit Coin, right now it may be traded world wide and not tied to the debt to GDP ratio of any one country..? Apparently Bit Coin depends upon a great deal of electrical energy to maintain it`s digital processes.. with whatever issues you might care to apply to that...? I have read where it is compared to a Ponzi scheme but then it seems the Pound, Dollar and other Western currencies may be suffering a degree of confidence in their worth..? There is talk of money "printing" devaluing currency, but when was the last time you paid cash for anything, and what are the chances of the confidence in banknotes ever decreasing in this digital age..? Seems the creation of more money is but a few button pushes to create another bazillion ones and zeros and has been that way for some time now...?
Gold in any form..? Apparently during the Great Depression, to own physical gold was made illegal in the US (?) One was required to convert ones gold holdings back into Dollars through govt sources for a price dictated by the govt. As one might expect once the gold or as much of it they imagined they can gather in was back in the govt vaults the price of gold rose considerably....? These days it seems folk own gold certificates as opposed to the physical stuff, perhaps for convenience and imagined security..Hmm..?
