What would you spend this £1000 on?

Callistemon21 Don't buy Premium Bonds. Waste of money now that they keep cutting down on the amount of prizes. Precious metals is the way to go.

Katiekrunch buy a 1kg bar of silver. Because silver is not as abundant as gold, it's price will rocket in the future to overtake gold.

I opened a children's regular saver bank account for my grandson and save a small amount each month. I don't really notice it going out by standing order but hopefully it will amount to a reasonable sum by the time he gets it. My mum did the same for all her grandchildren and they received it as young adults. My daughter used hers to buy her first car and my son kept his until he got married. If I succeed in downsizing and have a bit more available I hope to increase the monthly amount in time. When my next grandchild arrives later this year I'll open an account for him or her and match the amount already saved to open it so they both have the same amount. When mum died the grandchildren had varying amounts in their accounts so we had to even things up when sorting out the will to make things fair. I want to avoid that being an issue if I don't last as long as I hope!

I spent a huge amount of time making a hand-sewn illustrated alphabet book for my grandson which I hope will become a family heirloom eventually if it survives. I recently received a video clip of him looking at the page for J which was a picture of a juggler. He's 2 at present and his dad asked him what it was. He said it was 'Granny juggling balls!' I'm guessing he knows I made the book but hope he's not expecting me to have juggling skills!

I need to come up with another idea for the next GC - hopefully one which will take a few less months to sew!

effalump

Callistemon21 Don't buy Premium Bonds. Waste of money now that they keep cutting down on the amount of prizes. Precious metals is the way to go.

The number of prizes increases or decreases with interest rates.
They increased in January.

The gold price is high at the moment, could soar, could go down 🤔

It's all a gamble, finding a form of savings which keeps pace with inflation is difficult enough.

Shares in a company mining lithium, perhaps?

I am making 8% + on my PBs.