Black Monday

[Grimy]

So what about funds in brokers accounts? There must be a lot of people with a lot more than $50K sitting in their Direct Broking/ASB/whatever account. And these are held with banks I take it. Does everyone have a safety net of $50K, or is it lumped together as a DB account which only has $50K total?
Safer to be in shares if that's the case.

[kiora]

So what about funds in brokers accounts? There must be a lot of people with a lot more than $50K sitting in their Direct Broking/ASB/whatever account. And these are held with banks I take it. Does everyone have a safety net of $50K, or is it lumped together as a DB account which only has $50K total?
Safer to be in shares if that's the case.

It doesn't seem very clear at Craigs
"CIP Cash Management Nominees Limited, a subsidiary of Craigs Investment Partners, was established in 2010 to hold funds as a bare trustee on your behalf. (see Terms and conditions) CIP
Cash Management are these held as arms length trustee accounts?
Remember Hallifax
https://www.sharetrader.co.nz/showth...light=hallifax

[JBmurc]

So what about funds in brokers accounts? There must be a lot of people with a lot more than $50K sitting in their Direct Broking/ASB/whatever account. And these are held with banks I take it. Does everyone have a safety net of $50K, or is it lumped together as a DB account which only has $50K total?
Safer to be in shares if that's the case.

Yes I remember watching a clip from Gloom, Boom & Doom Report Editor Marc Faber prob around a year ago ... stated shares in good companies will be hit less worse than cash in banks + bonds ..Gold silver will reach new highs etc ... I see waits on silver bullion at the NZ Mint 4-6wks at present ...

[kiora]

Even gold & silver being hit to find liquidity at moment
https://finance.yahoo.com/quote/GC%3DF?p=GC%3DF

[Valuegrowth]

Even gold & silver being hit to find liquidity at moment
https://finance.yahoo.com/quote/GC%3DF?p=GC%3DF

I also saw that. Gold is also not safe. The most safe place is where they(investors) can understand. In other words, invest in simple business that we can understand easily.

https://www.thebalance.com/invest-in...ou-know-356334

[JBmurc]

Even gold & silver being hit to find liquidity at moment
https://finance.yahoo.com/quote/GC%3DF?p=GC%3DF

Yes in the paper market thats leveraged 100:1 to the real metal .. try buy a large amount of the real metal currently long waiting list ... if it was truely being dumped why can't we all be loading up in cheap below spot price bullion ?? worldwide at present premiums are pushing 30%+ over spot price

Now I think the paper price may well continue down i the very short term ...but I don't think we will see real metal Gold Silver Bullion in mass amount getting dumped I for one am moving funds into the biggest SILVER Bullion ETF on the ASX and buying more bullion

Just watch what Central Banks do they won't be dumping real metal ... but creating money from fresh air and buying more like they have been doing in record amounts for years now.

Negative rates are coming

[Traderwannabe]

I haven’t read all the posts just lately so this may have been covered but what about the Public Trust term deposits and call accounts- website says that they are both government guaranteed. What do people here think about this as a safe option?

[kiora]

Investing is all about liquidity for now,looking for returns comes latter
https://finance.yahoo.com/news/night...110000984.html

This is somewhere like where you need to be
https://www.barrons.com/articles/our...of2&yptr=yahoo

[bull....]

Reserve Bank of New Zealand to make unexpected announcement

The Reserve Bank is making an unexpected announcement at 8am, the bank announced this morning

https://www.nzherald.co.nz/business/...ectid=12316891

guess if they drop rates its purely symbolic as the banks probably wont pass on anything to mortgage holders and at the end of the day its not going to make people go out to restaurants , movies etc and spend more in a virus riddled society.

[Balance]

Reserve Bank of New Zealand to make unexpected announcement

The Reserve Bank is making an unexpected announcement at 8am, the bank announced this morning

https://www.nzherald.co.nz/business/...ectid=12316891

guess if they drop rates its purely symbolic as the banks probably wont pass on anything to mortgage holders and at the end of the day its not going to make people go out to restaurants , movies etc and spend more in a virus riddled society.

Will reallocate spending though as savers (tend to be older and so spend less on certain services & products) will get less interest income while borrowers (tend to be younger & more inclined to spend) will get more income.