Personal Assets Trust: http://www.investegate.co.uk/personal-assets-tst---pnl-/rns/half-yearly-report/201311211642576716T/
"Recent weakness in the price of gold has been unwelcome, but just because an insurance policy does not pay out for one year in thirteen it does not mean we should not hold it. The opportunity cost of holding gold is now low. Negative real interest rates are here to stay. Beggar-my-neighbour policies, reminiscent of the 1930s, instigated by central banks to keep their currencies competitive will lead to an on-going debasement of paper currencies. The rigging of financial markets by central banks will not end well. Gold, therefore, is not a short term trade but long term portfolio insurance."
I don't know if I should be buying something.
Just listening to this too: http://www.bbc.co.uk/radio4/ Simon Jack
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