posted on Feb, 17 2009 @ 05:20 AM
At the moment, it's a safer investment.
If the UK government really did go "completely bankrupt" no financial investment, no monetary system, no savings initiative will be protected.
What are they going to pay you back with, carrots?
A complete meltdown of the £ would mean financial Armageddon. There literally wouldn't be any money. They cannot return a loan or investment if
there is nothing to return.
Even if they did, what are you going to do with those bits of paper in an economy that has no financial basis?
If Gold and Silver are not safe (a physical mineral) why would a series of numbers be safe? That's all money now is, a series of designated numbers,
that's what has caused all of this in the first place. It is not linked to any physical standard and therefore has no physical value. It's injected
and inflated at will, not dependent on the value of anything other than what a government states.
I'm sorry to say it, but the only way to make your money work for you if this gets to the point of Armageddon is to buy physical objects that will be
of use to you in the future, before it happens. The only things that will have value are physical things that serve a purpose to you.
Money is pointless and worthless beyond what it can do for you in your life. In a world without a stable economy, what it will do for you is even more