Kapouillax

As far as I understand, he's been long term bullish all along, but worrying about the short term outlook and risk, something most of us don't care (much) about. Nice hearing from you again

I can only agree on that statement.

Pocket money

Warpig, great info, thanks. Is there an "official" place where I could check that info; in fact, I'd like to know if owning bullion, through online bullions vaults or the actual physical thing is also CGT exempt. I keep seeing contradictory statements on that matter, which is annoying. Thanks!

Of course! Depends as well on how much you trust the fact that you'll be able to pay your mortgage without having to move home (that's my main problem, especially since it will mean my golden mattress will shrink almost to nothing in the process )

Yes, it's a calculation of how much you want to lose in renting over how much you want to lose in property price. At least you KNOW how much you are going to lose with renting I'm also looking for a property now (even placed a -rejected- offer today:)) and, interestingly, have been through exactly the same thought process as he has and coming to the same conclusions.

Yes! All of us are right! For different reasons. And with different goals. Okay, let's move on

No no, I was just referring to the temporary "beating the crap out of...". Surely that would tickle a bit B&Hers?? (Edit: even non-hardcore ones)

Hence my quotes

You're being unfair, warpig. Whatever Bubb may in essence say, is to be prepared. The "method" is just not to put all your eggs in the same basket. As far as I know, the current paper trading system didn't blow up and is not 100% guaranteed to. As far as I know, the gold isn't 100% sure of losing its intrinsic value wrt fiat money. We may see either, or a range of possibility in between. I think owning physical and paper counterparts to hedge their value *in case* doesn't mean you sell all your physical (in fact it's up to you as to how much you want to retain). And it could mean you can get more physical as you build up. And either way it goes, you can retain some of the benefit. But that's just my view, and I think DrBubb to have opened my mind to these tools. By going 100% one direction, you take a gamble. You may be right. Or not. DrBubb warns you take risks. People take offense at the "evil trader" who uses the corrupted system. DrBubb also sometimes gets a bit "enthusiastic" and provokes (cf. renaming beating buy and hold thread) DrBubb also has a view that could be disconnected from our realities. In fact, we all have a different experience of life and have different needs. Pure B&H for some, pure trading for others, and a mix of those to those who think it makes sense....

Indeed, in your situation owning GLD certainly is better than owning physical, but, for instance, in mine as a UK resident, physical is a better option (at least, in the perspective of owning it long term...)

Thanks Neel, that looks very interesting! Edit: thanks to your pointer, I've also found those: - PHGP - PHSP

In UK at least, physical gold ownership seems to me like more tax efficient. Also, holding GLD when you live in GBP means you're depending on the USD <=> GBP exchange. That's why I "hold" physical in GM and BV. But, probably there are a lot of things I don't know about, so what would you do, DrBubb, if you wanted to hold gold but were living in GBP?

I wish my area was going down like GU1 does : Prices in Fleet. (allegedly, they started much higher and the soufflé is deflating to normalise)

Yes. 25%-30% would be pretty much all my savings in, hence why I'm hesitating.