Regardless of your wanton desire for cornflakes, with the present government looking at savings and many other ways to remove money from young and old, maybe some savings may be a good investment into gold which if done quietly may be a good hideaway from greedy politicians hands, especially OAP's who may require care homes in the future
If you buy gold, compare prices of current UK coins and do not buy bits of gold (mini-bars) as these can be subject to tax (CGT, etc.) Bullion by Post is expensive, so shop around! But their website is good.
I seem to recall your other doom and gloom predictions that haven’t yet come to fruition to I’ll take this one with another pinch of salt.
It's not a question of "predictions" - they are all the same prediction. And it's not for "Gloom and Doom" but for an historical turning point.
The Congressional Budget Office (CBO) projects Social Security, Medicare, and Medicaid shortfalls that exceed $100 trillion. Prof. Laurence Kotlikoff (Boston University) has long argued that if you count properly, the "fiscal gap” is closer to $200 trillion.
The UK’s official public debt is around £2.7 trillion (~100% of GDP). But when you add in public sector pensions, NHS obligations, and state pensions, the true liability rises and unfunded pensions alone count for (ONS figures) £6 trillion, so more than double GDP.
Add NHS and other commitments, and you’re easily looking at liabilities many times GDP, just like the US.
The European Commission’s Ageing Report puts total unfunded pension liabilities across the EU in the tens of trillions of euros. Germany’s net implicit pension debt has been estimated at 200–300% of GDP.
And France and Italy have even higher burdens because of ageing populations and structurally weak growth.
Now add in all the other flash-points and unexploded fiscal bombs and the dismal economic outlook and the latest US figures for employment and growth - or rather unemployment and a shrinking economy - and you begin to see that we are heading for a major turning point in history.
And historical turning points = opportunity!
