Originally Posted by
Aaron
First of all don't lis seeten to anything I say. I have no idea, just a vague interest and time on my hands.
Second what is the super safe investment. I might be interested in troubled times like these.
Banks go under in the US. Is it a small bank that went under? If so, maybe not a big issue globally. NZ banks main security is the NZ housing market I believe.
Cash would have been good last year compared to most investments. Particularly c.f. house prices. Just make sure you don't panic and do something stupid like listen to me. If you are holding cash while you wait for house prices to bottom, it is quite possible this is a lot safer than burying gold in your back yard or buying a gold etf.
Who knows... I don't.