Thursday 28 February 2013

Saving: now a thing of the past

With the Bonk of England’s minions demanding to be allowed to charge people for looking after money, instead of paying them interest, it’s no wonder that people don’t think it’s worthwhile to bung money in a bank. Several of the staff at the Mansion have been buying gold and silver coins recently, and cursing as the value of gold drops but the exchange rate of sterling against the dollar does the same and deprives them of a notional immediate profit on what has to be a long-term investment.

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