narrowescape

^^ What he said While gold in your possession can be lost or stolen if you're careless or unlucky, if that happens it is your fault, and should some one try to steal it you at least have the opportunity of defending yourself against such an attack. A piece of paper claiming ownership is not the same as ownership. All it takes is a letter to revoke that ownership and there is pretty much sod all you can do about it. Possession, 9/10 ths and all that...

Do you know of any retrospectve tax laws? The current law is that any gold that is UK currency at the time of sale or purchase (i.e sovs or brits) is exempt from CGT at the point of sale. Would have to be very retrospective to catch people who already have those coins in their possession. Do you see that change happening realistically ?

Just 3 announced so far? I'm sure they must have dates set all the way out to QE7, even if they're not broadcasting them yet. After all, the first two worked so well, it would be positively negligent not to push more of them out to create more 'wealth' for everyone

I agree. My wealth in ounces in unchanged since Jan 2009. The nominal value in turdling could well drop further from here but I would not be as well protected as I have been had I not chosen to start protecting my wealth in real money when I did, and if I had responded in a knee jerk fashion to every negative fluctuation in turdling terms.

On which measure (that i fully understand) I'm as wealthy as I was since I stopped buying some time back. Is only human though to look at 'numbers' from time to time though

Looks like it might have been. Quite a jump up today. Did not cash out at the peak and was almost lamenting the money I never collected even though I consider myself to be a long term physical holder. Having 'lost' 30K in the last month it is reassuring that I was likely right in not losing my nerve...

Yep another GBP all time high 910.68

Pullbacks come every year. Those of us with physical in our possession are used to it, accompanied as they generally are with stupidly sized annual increases. GFs "wish" pullback would be bigger than any seen over the last 3 years so I'm not expecting it to happen. No disrespect GF (far from it) but you have to admit your $950 call is more of a wish (for enabling loading up) than anything else.

To be honest GF, $950 would leave me a little deflated temporarily.

And do you have any thoughts as to how far the present pullback will go ?

I'd have gone further in earlier on but thought it was a bit of a wild punt based on some bloke on the interrnet. Glad I dipped my toe in when I did though otherwise I'd never have properly "protected myself" The sad thing is though that I still can't afford to buy a decent house in W London suburbs Edit: Without a mortgage that is - not too far off now though thanks to CG, Goldfinger et al

Great to see you CG Especially since today was the day the net value of my gold bought over the last 3 years hit the x2 (over purchase price) mark.

Aurophilia has worked pretty well for me over the last 3 years

I understand. I switched into gold for the same reasons. In actual fact my gold fund came about from selling my last place (a flat in a not great area) and I always hoped at some point I might be able to buy somewhere nice for cash and I think that point may have arrived. Having lived here for nearly 3 years I know it's a nice house in a nice area so quite happy to consider dropping some roots. I know that house prices could well (almost certainly will) fall further but if we enter into a classic depression then so could gold prices. Likewise the 'hyperinflationary holocaust' may still happen but that could push house prices up at a similar pace so what would I gain ? As far as escaping to another country goes I'm not anywhere near retirement age and don't really have enough money to properly retire. I'd also be bored shitless within months - I'm one of those rare individuals that actually really enjoy their work. Anyway, my landlord seems interested by my suggestion that we might buy this place - he moved from here down to the West Country and now has 3 kids so he won't be moving back. I guess it just comes down to whether we can agree on a price. I await his call with interest....

Hi Laura. Question for you. If I were to buy (in a CASH sale) my house from my landlord with the money I've made from my gold would that be a mistake in your view? Gold for me has always been about protecting my interests. I view having 100% ownership of shelter as a big part of that. Does that make sense ?