Personal Assets Share Discussion Threads

[dab26] 16/12/2011 15:48

That's a data error - there was no collapse in the share-price in 2008.

The trust just released their latest results document and quarterly. In the quarterly is an essay on their view of gold - as I recall both documents should be available from the website:

Regards

Dave

[phsycho] 16/12/2011 14:56

Hi guys, I am convinced of the argument to hold physical gold, and do so, but am also looking for other defensive options to park some cash, particularly as a hedge against a market crash and inflation and this looks attractive

Can anyone advise me re the collapse in the share price in 2008.. or was that an anomaly..

TIA

[analyst] 05/12/2011 18:50

It is recording the after-hours Auction Uncrossing Trade as the Final Price of the Day. I'm not sure this is the right thing to do.

[flips] 05/12/2011 17:46

Anyone know what to make of these sudden rises and falls in the unit price? It has happened more than once recently. The NAV is well above the closing price this evening.

[jimbo55] 17/11/2011 00:01

Ifthecp, from what I can see, this trust kind of IS the Trojan fund in IT form...... Take a look at the trust's holdings, then compare them to the Trojan fund. The similarities are certainly there. The one plus this trust has over the Trojan fund is, this trust holds physical Gold bullion (from what I recall from the last annual report I read). Under FSA regulations (I believe), the Trojan fund cannot hold the physical and therefore must seek Gold exposure via ETFs. I have a number of reasons for not fully trusting the latter, but then again; I am a Gold bug in the current climate, so adding a couple of conspiracy theories to my beliefs is kind of par for the course. ;)

[ifthecapfits] 16/11/2011 19:14

I like a number of the Troy funds. Shame they don't have the Trojan funds in IT form. I like RIT & RICA also.

[plasybryn] 16/11/2011 18:04

The chart looks superb. Ifthecp: wise decision in these troubled times IMO. Very well managed to protect wealth.

[ifthecapfits] 16/11/2011 16:06

Just bought some of these.

[timtom2] 26/9/2011 13:14

When will the pullback approximately end?
Hard to call as this current turbulence will bounce back and forth for a while imho. Still think there is more downside and expect PNL to refelct that. Really like the look of the holdings but not ready to jump in yet. May even miss it.

"I don't think Gold is in bubble territory yet but do expect a pullback towards $1500. Yet to work out the effect on the NAV but at something like 30% in gold it will have an effect so I think an add when the gold price has pulled back would be in order so I am holding fire."

[timtom2] 22/8/2011 18:38

I like the look of the balance and that it's in physical gold as opoposed to ETF's.

[plasterkay] 22/8/2011 16:59

I've been trying to add to my holdings, on dips... but PNL never goes down much!! I hold 33% of my portfolio in gold ETFs. I too will be adding to that when it pullbacks.

[timtom2] 22/8/2011 11:14

Very much like the plain talking on the managemnet statements.

I don't think Gold is in bubble territory yet but do expect a pullback towards $1500. Yet to work out the effect on the NAV but at something like 30% in gold it will have an effect so I think an add when the gold price has pulled back would be in order so I am holding fire.

Also, whenever these things are mentioned in Moneyweek there is often a bit of a run-up followed by a settle.

The world is not ending yet, stocks are due a bounce, gold is due a fall-back, a better entry point into PNL will happen soon imho.

James Dines (another ine to read up on) is becoming pro stocks and says his indicators are showing buying opps - sentiment is so poor and so much bad news in the air they are due a bounce. In this instance Gold may indeed pullback.

That said the PNL is well balanced so up with one and down with the other may = flat.

[vixen58] 19/8/2011 22:22

It's in mine too. Thinking about adding...

[topvest] 19/8/2011 14:36

It's in mine..one of more core holdings! It will be interesting to see when they ditch gold and start buying the FTSE 100. No doubt they will get the timing better than me. I do think gold is in a speculative bubble, as is the Swiss Franc and other so called "safe options" (US Treasury Bonds and UK Gilts - not exactly safe!). For me the FTSE 100 is a massive buy (excluding mining stocks) anywhere in the 4.500 - 5,000 range...i.e. about now!

[plasterkay] 19/8/2011 13:49

I can't believe the lack of interest in this Investment Trust. Got to be a must for anyones porfolio.

[clive205] 13/8/2011 08:11

Posting this in case anyone still invested here:

[topvest] 21/12/2010 21:36

Quite a few places, but value is harder to find at the moment. Best to keep some funds for good opportunities in the new year in my opinion.

[cockneyponce] 21/12/2010 19:44

Topvest if it is not gold, where are you actually putting your money?

[jimbo55] 21/12/2010 09:13

topvest, agreed re. holding Gold being risky at today's prices. However, given the comparable levels of risk out there, it's one I'm comfortable with. I've not been buying more recently, but am still keen on some producing Gold miners, or explorers with a proven resource that are undervalued by the Market.

I like the sound of that quarterly bulletin book. Hopefully, PAT will publish it sooner rather than later.

[topvest] 21/12/2010 07:37

Maybe, but gold has no intrinsic value - i.e. the sum of discounted cash flows is zero. It is just held on the basis that it won't go down in price, which I think is highly risky at today's prices. US treasuries, I agree, are not risk free but do offer a cash flow. I will still hold PAT though long term as generally they know what they are doing and have a good record.

I'm still waiting for the quarterly bulletin book that PAT promised to publish as a tribute about a year ago. Not sure why they keep missing their deadlines, but hopefully it will be worth the wait as it should be a good summary of their quarterlies over the last couple of decades.

[jimbo55] 20/12/2010 22:34

Speculation (rather than investment)

.. or protection/insurance in the form of an asset Governments cannot conjure more of from thin air.....? Weimar Germany has a lot of stories to tell that we can all learn from. Why are China in the process of increasing their Gold Reserves? Could it be anything to do with the $906.8 billion of US Treasuries they hold - assets that one could consider to be toxic in the current climate? Is this position likely to change soon?

Still happy to hold Gold. ;)

[topvest] 20/12/2010 20:22

Jimbo - all fair points. I don't disagree with many of them. I just don't think investing in gold is a prudent strategy. Speculation (rather than investment) is what it is which is why I'm surprised that PAT have put so much into it.

[topvest] 20/12/2010 12:06

Hope they get out of gold before the bubble bursts. Sorry, but it has to be time to sell gold. It may not be at the top, but it's not far off. Those buying gold are too late in my view. Contrarian view it may be, but that's my view.