I've been mixing my savings about in a few things based outside the Europe and the US - gold has dropped to about $1,200 an ounce from $1,600 a year ago so I've put a bit into it (stored in Singapore, in case there is a public seizure) although mostly I've bought shares which are not over exposed to Europe, and are not head-quartered in Britain.
Mick, I don't usually give out free advice, especially to tarriers, but you are ****ing mental putting money into gold, it will slide quite a bit more before it goes up. The Dollar is well undervalued at the moment and as that gets stronger, gold will fall more. Just saying like.
I've spread about quite a bit Monaco, and Gold is one of the 'just in cases' (as in for this particularly percentage of my portfolio I'm not looking for short term speculation, more long term protection). I have took on board a few opinions, some of which match yours (one of my mates reckons it's going to bottom out at about $900 an ounce as the dollar recovers early next year), but in the likes of the worst case scenario above (that Moneyweek and a few others have been banging on about for the last 2 years) Gold will be a very safe place to be.
Generally it is a safe place, especially through a crisis, but if I were you I would have waited until buying gold, until the dollar wasn't so ridiculously undervalued. I may be wrong, but very doubtful!
Out of interest what makes you think the dollar is under valued? (This is a genuine I question, I don't know enough about this to have an opinion and want to figure out what variables you're taking into consideration).
I will go into more detail tomorrow if you want, or PM you, as I really can't be ****ed just now, but if you take into consideration the Q.E and the support and resistance lines etc and to be honest, I just hear things in the office or from ex co-workers, I am by no means an expert in currencies, but all the things I hear just now are that it is undervalued. Put it this way, I haven't heard from anybody that it is a good idea to go short on the dollar, everybody is going long, or at least talking about it, hence I was surprised at you buying gold at this stage.
Blimey that video went on and on. There's a debunking of the video here: http://coppolacomment.blogspot.co.uk/2013/01/the-end-of-britain-not-yet.html
Typical Not606: someone posts some armageddon bollox and everyone just sucks it up without question and takes out a magazine subscription. The Voice of Reason posts a contrary view and ... nothing. You people. I hope Dave Cameron does nick your savings. ****s.
For clarity, are we saying that you are the voice of reason? I think you would want David "call me Dave" Cameron to take folks savings anyway.
