“I am very interested in investing in some of the foreign funds to which you refer in your articles. What is the best way to do this and which countries would be good to consider?” writes one reader.
Another asks: “You suggest that leaving all savings in the euro is not a good idea. But how does one go about buying safer bonds or other safer currencies?”
Meanwhile, another reader wonders by e-mail how much gold they should hold, “and how do you invest in gold? I certainly don’t want to keep it in my house as I have heard that break-ins are up.”
Ireland’s sovereign borrowing status has once again been downgraded, this time to AA- by the Standard & Poors rating agency (it was the highest AAA rating not long ago).
As the risk of some kind of a debt default or euro devaluation around the eurozone becomes more than just heresay, it isn’t unreasonable for ordinary people to wonder about what they can do to protect their savings from the deepening Great Recession.
Part of the answer is to consider more diversification, something every good advisor is recommending these days.
So, starting this week with our readers’ last question first: how do you buy gold? And just as importantly, why?
Real gold (or silver) is still a recognized form of money, even if it isn’t traded across a counter to pay for a suit of clothes or a basket of groceries (though in America some shops do accept gold or silver for payment, even scrap gold.)
See The Munster Express newspaper for full story or subscribe to our PDF version.
