DanF

Apologies if this was already posted: http://www.sovereignman.com/expat/gold-confiscation/

Just sold all my gold for tax reasons (I was at the limit of my current tax free allowance and the rate/allowance probably wont be favourable in the near future) and will buy back half in wife's name as soon possible and the other half at a later date... but I feel completely unprotected having no gold...

No, Im about 25% in.

Thats what I meant by "I expect gold to amplify the dollars fall in gains", but we wont necessarily get the same thing if sterling bounces and the dollar does nothing.

Ive been wondering about that too, but how much of the change in £/$ is due to the falling pound and how much is due to the strengthening dollar. The more it is down to the dollar, the more I expect gold to amplify the dollars fall in gains, when it does eventually fall back. But if its more down to sterling falling, then if that strengthens us brits will have big 'paper' losses (bigger than my current losses). I bought most of my position in January and have been buying bits and pieces since then at varying prices and am currently sitting here with a loss... wishing Id put the money in the bank, at least until now, but hope to be proved right, sooner rather than later

You aren't the only one. I agree all the fundamentals are behind gold, but I've been buying since January and am quite a lot down right now. I guess its just holding in there and waiting for the fundamentals to prevail. Not sure how low gold would have to go before I conclude I've made a stupid costly mistake and sell the lot. edit: but Im sure we wont get there

Gold actually didnt drop in sterling today (when it dropped in USD). Did USD get stronger or GBP weaker?

Snap. I too dont have much to offer but love the input here (previously there) from everyone, but especially gf and pluto. I do miss the 'technical analysis' from RK though, but I dont think GF likes his gold shorting I'll go back to reading until I have something useful to add