absolutezero

Try to anticipate how much governments will (might) spend and if they are aiming to reduce debt. Perhaps the %age held should be directly proportional to government debt?

 

Trouble is, some argue the proportion should be 100%, even now.

 

That, I believe, is what's called over-kill.

God help them should an artificial way of making gold be discovered.

Depends but really, are you covered for housing? Do you have a pension scheme? Debts? Are all your assets in one currency?

For me, against my current situation I have about 30% of TOTAL assets in gold/silver. I own my house and have a final salary pension tied up in (no doubt) exclusively stocks and bonds. Gold seems like the logical hedge for me: if the other things go wrong, gold should be the last man standing. May not necessarily be the same for you. I also like to look at it in the way GF used to: my future earnings need to be hedged too (I am mid-30s), so hopefully a bit to go yet.

Housing is no issue.

I have a final salary public sector (hiss!) pension scheme.

My assets (as they are) mainly in sterling but also some shares and a little bit of silver.

How do you hedge future earning?

We've bounced off the 200dma, I would be buying here. You're unlikely to pick the lowest point of any retracement, so don't try too hard, within 10% of the bottom is fine. Personally £805 sounds like a good CGT free price to me, seize the opportunity. Remember for the moment paper and physical prices are in sync and at some point in the not too distant future, there will be 99 gold contracts chasing every physical ounce. Certainly don't wait 6 months or let a day trader tell you when's best for you to buy your gold.

As a % of your total worth, how much should be gold?

Is that from Bairds? Im waiting until end of August and paying attention to what DrBubb thinks is a good buying time. But no one really knows. It also depends if you already have some.

Aye, Baird.

There's never a bad time to buy gold. Judge wealth by ounces not the fiat units.

But if gold dropped to £250/oz then I could only buy 2 month's shopping compared with 6 months at the moment.

So is now a good time to buy gold? I mean this month rather than, say, in 6 months.

Can get Britannias for £805. That a good price?

Canaccord likes this... I own it too, having traded in and out before

 

HAT.v / Hathor Exploration Limited ... update

xx

 

 

/interview on FS :

How about Xemplar Energy (XE)?

http://www.xemplar.ca/