I am going to repeat stuff from sister blog!!

I am going to repeat stuff from the sister blog "Accountancy Distilled", which today looked at the gold price. This has rallied 12 per cent since India bought 200 metric tonnes from the IMF in early November and is now $1,180.50 an ounce. This blog is not an investment newsletter with recommendations as such but the gold price probably shows us that there are quite a few nervous investors out there. You can buy
physical gold, gold certificates, gold futures, gold coins, gold jewellery and the shares of gold miners. I don't have any of these gold-linked assets but I wish I had a few Victorian
sovereigns for sentimental value.
The "Accountancy Distilled" blog started off with a bit of a rant against Gordon Brown in who,in his former incarnation of British Chancellor, ordered the independent Bank of England to sell gold at $252 an ounce against its advice. I suppose if the British central bank was not so spineless there could have been a few resignations about it but why walk the plank early when the pensions are so juicy?
I suppose now is not the time for IFAs to recommend gold purchases to their clients following the sharp rise. However, maybe it is not the time to be in fixed income gilts. This is not a recommendation but perhaps an observation!! Inflation is already rising quite sharply (petrol prices, New Year VAT increase) and if the Bank of England does not support the pound with an interest rate rise or two, then things
could get quite interesting.