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Bearish on Sterling Bullish On Gold


kabuki

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Whats the most efficient way to trade on Gold  in sterling  (not dollar)?

The objective:  to profit from Gold  going up or standing still in dollars if the pound weakens against the dollar

 

 

Edited by kabuki
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i wouldn't complicate it, do one or the other.  "Know" where gold is going and trade it

fluctuations in GBPUSD wont make great difference in short term.  I use ETF goldx3 leverage (Boost Gold 3x Leverage Daily ETP), however be warned, if you keep trades on for long time "fees" will eat into it, try and get in out on max weekly basis, have targets and get out, know your entry points, remember "well bought is half sold"!

Also remember, ETFs subject to trading hours and closed on US holidays, can be a bit scary if you forget..

You can do this in a SIPP or an ISA, that will give you the tax advantage.

 

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