I have a wierd financial quesrion

[BIG-TARGET]

The way the finances of both my country and the world are going(about a couple of steps shy of the old German Weimar Republic), Would the purchase of silver, gold, and other such comodities, be considered in the realm of "MULTITOOLS"??

[Mike, Lord of the Spammers!]

I don't know about them being MT's, but it's just about the only safe bet for your money atm

[Chako]

I have all my investments in GICs. However, I had 3 mature recently, and the bank refused to give me any sort of rate whatsoever, so I now have it in my checking account which garners me no interest whatsoever. I just haven't had the time to open a savings account that will at least net me 1% interest...and I won't be doing so at my bank either. I am thinking a Credit Union this time around to get a bit of diversity.

[Neil]

I have all my investments in GICs. However, I had 3 mature recently, and the bank refused to give me any sort of rate whatsoever, so I now have it in my checking account which garners me no interest whatsoever. I just haven't had the time to open a savings account that will at least net me 1% interest...and I won't be doing so at my bank either. I am thinking a Credit Union this time around to get a bit of diversity.

  I'd just spend it on tools

That's only half in jest actually.  Even ignoring the exceptional prices we've seen recently on red alox, the whole tool collecting market has seen a steady upwards shift in the last few years and its not slowing down.  Wise purchases would certainly do you better than 1% and certainly be more enjoyable than a trip to the bank

[Chako]

I think the high prices of SAKs at the moment is a bit of false economy. It is driven up by a few individuals. The bottom will have to fall eventually.

[Craig]

I have all my investments in GICs. However, I had 3 mature recently, and the bank refused to give me any sort of rate whatsoever, so I now have it in my checking account which garners me no interest whatsoever. I just haven't had the time to open a savings account that will at least net me 1% interest...and I won't be doing so at my bank either. I am thinking a Credit Union this time around to get a bit of diversity.

  I'd just spend it on tools

That's only half in jest actually.  Even ignoring the exceptional prices we've seen recently on red alox, the whole tool collecting market has seen a steady upwards shift in the last few years and its not slowing down.  Wise purchases would certainly do you better than 1% and certainly be more enjoyable than a trip to the bank

Would it be possible for you to explain this concept to my wife, please? 

[Chako]

Good luck on that one. 

[Neil]

Yeah, I'll pass

I think the red alox has become over valued in some cases but I also think that for a long time some of the rarer "normal" SAKs were undervalued.  Me, I liked that as I could afford to buy more

[Grant Lamontagne]

EODTech is quite savvy when it comes to dollars- we've had a few good conversations on this, and he's also managed to convince his wife (and has actual evidence to back it up!) that buying and reselling tools and knives (particularly Spydercos) give better returns than many investments.  Maybe he'll stop in and elaborate.

Personally, I feel that the best investment is in oneself, which is why I started an online business.  True, it doesn't make any money, but it has more or less supported my habits over the last few years, and that alone is a good thing. 

Failing an investment in self, I prefer not to put my money where I can't keep an eye on it, or maintain some kind of influence over it.  My wife has some RRSP's and we are invested in some mutual funds, but I have worked too many fraud investigations to put more than I can afford to lose in them.  If you can't invest in yourself, invest in something around you- local business is always a good place to start.  You can also look into microlending organizations that specialize in small loans to folks to start a business, and, while the return may not be great per loan, it's made up for in volume. 

The Lord Helps Those Who Help Themselves.  Once you get yourself to the next level, you are in a better position to help those around you up.

Def

[Chako]

I know too many friends that have lost on RRSPs and other investments. Me, I don't like to take chances, and hence why I invested solely in GICs. I won't make a lot off of it, but I won't lose any either. It is guaranteed.

Still thinking of opening up a savings account as the GIC rates right now are less then that 1% they give in a savings account.

As for SAKs and MTs, who knows, maybe it could be an investment. I never collect for the investment value though...so when I buy to add to my collection, I never think about getting the money back with interest down the road.

[Magnus]

honestly, anything is a better investment than an imaginary fiat currency.

[BIG-TARGET]

Thanks for your input guys!  It does my heart good to know that there are some here kn ows what I am talking about when it comes to the fiat currency problem

[Chako]

Gold is always a good investment. Can't go wrong with it.

Which puzzles me as the TV is inundated with these adverts of companies looking for junk gold and old jewelry. Those things have more value then what they are paid for. If people buy into that, then they are idiots.

[Grant Lamontagne]

Fast cash will always entice people.

Def

[Pacu]

Beans and Bullets are wise investments.

seriously though in the US weapons are a good investment. All those 89 dollar SKS (Norinco) i bought back in the day are worth 5 times what i paid for them. Norinco AK's, their 1911 model, even 7.62x39 is way higher and only going up. Hi-Cap magazines and Starfire ammo are plus too.

weird how the weapons market is influenced in a positive financial way by the people trying to control other peoples 2nd amendment rights.

[Magnus]

Beans and Bullets are wise investments.

seriously though in the US weapons are a good investment. All those 89 dollar SKS (Norinco) i bought back in the day are worth 5 times what i paid for them. Norinco AK's, their 1911 model, even 7.62x39 is way higher and only going up. Hi-Cap magazines and Starfire ammo are plus too.

weird how the weapons market is influenced in a positive financial way by the people trying to control other peoples 2nd amendment rights.

by that logic, us in the UK better stock up on plastic butter knives as an investment!

[Sparky415]

Gold is always a good investment. Can't go wrong with it.

Which puzzles me as the TV is inundated with these adverts of companies looking for junk gold and old jewelry. Those things have more value then what they are paid for. If people buy into that, then they are idiots.

Its not just in the UK then  

Magnus,
Take my advice mate and only invest in Non locking plastic butter knives