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<blockquote data-quote="shtove" data-source="post: 389149" data-attributes="member: 13771">Good for you! A wise choice, but do you have the real stuff, or ETFs? I&#039;m sure you&#039;re aware of the controversy. Anyway, don&#039;t forget to sell before the bubble bursts. People, there is no left, there is no right. It&#039;s all about the increasing power of the state.UK voters kicked out the incompetent Labour party, and elected a government that is STILL borrowing more year on year. They are reducing the deficit, but that just means the debt grows more slowly. If rates payable on government bonds increase, it is simply a matter of time before bankruptcy is declared. The UK will get there later than Iceland/Ireland/Greece/California/Portugal, but it will get there no matter if the government is left wing or right wing. Meanwhile there are sporadic protests by people who want ... more free stuff. Student grants, public sector pensions, advanced public healthcare, not to have to pay for granny&#039;s declining years. There is no such thing as free - you will pay for it, if not by direct taxation by the government (lol!), then through inflation induced by a currency weakened by bailing out the banks who helped create the illusion this was all affordable.Mathematics means if the answer is wrong that&#039;s not because it&#039;s Left or Right - it&#039;s just fcuking WRONG.</blockquote>

[QUOTE="shtove, post: 389149, member: 13771"] Good for you! A wise choice, but do you have the real stuff, or ETFs? I'm sure you're aware of the controversy. Anyway, don't forget to sell before the bubble bursts. People, there is no left, there is no right. It's all about the increasing power of the state. UK voters kicked out the incompetent Labour party, and elected a government that is STILL borrowing more year on year. They are reducing the deficit, but that just means the debt grows more slowly. If rates payable on government bonds increase, it is simply a matter of time before bankruptcy is declared. The UK will get there later than Iceland/Ireland/Greece/California/Portugal, but it will get there no matter if the government is left wing or right wing. Meanwhile there are sporadic protests by people who want ... more free stuff. Student grants, public sector pensions, advanced public healthcare, not to have to pay for granny's declining years. There is no such thing as free - you will pay for it, if not by direct taxation by the government (lol!), then through inflation induced by a currency weakened by bailing out the banks who helped create the illusion this was all affordable. Mathematics means if the answer is wrong that's not because it's Left or Right - it's just fcuking WRONG. [/QUOTE]

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