Not really a loss until you sell up.

When equities are doing well there is normally less investment in gold which I guess relates to the poor performance of this fund in the past few years.

If you believe in Gold for the long term I'd just wait it out for the long term and top up whilst the price is low if you can afford to wait.

I hope you have other big holdings and diversified your portfolio - at 45K loss you must have invested a fair bit into this fund (lazy to do the calculation ..)

125K is a fair amount - but I guess it's all relative to the total of his whole portfolio.

On the bright side - the top 2 holdings

GOLDCORP INC 8.86
BARRICK GOLD 7.50

Seem to have gained 4.1% and 3.65% respectively yesterday

What % of your Portfolio is this fund?
When do you think you may need access to the money ?

Looking to add more funds to this in the near future - shame that my MB2U is limited to 5K per transaction

Also in progress of opening account with TD Waterhouse in UK for European funds / more choice of fund managers