RE: 18.92P AGAIN!17 Jul 2021 11:39
Agreed @hydro.
your penultimate paragraph rings very true. The traders today, by and large, have no experience of economies with this level of expenditure. Yes interest rates are low at the moment, but that can (and IMO will) change. I was still n school during the oil crisis back in the 70's and the financial turmoil after that affected me greatly.
At one point, having to pay a mortgage with rates at 13%. Living in fear of the postman - the next letter demanding an increase in payments could have been the tipping point to handing the keys over.
Nowadays, the survivors are all either retired on on the point of retirement. Investing in gold, mining companies and commodities is the game of the moment. The fool's gold of crypto is a big no! Watching and waiting for interest rates to move, followed by bonds/gilt returns which may just bring annuities back to a sensible return. In about three years time, I'm expecting to be sitting on a nice index linked annual payout, keeping the long term GGP (and other gold/copper investments) for icing on the cake.