When should you sell your gold?

After the election, we'll get some idea of how the government is going to try to tackle Britain's massive debts. But the one thing we're unlikely to see is a sharp dose of fiscal responsibility. John Stepek explains why, and what that means for gold.

You'll have noticed that we have a Budget to endure later today.

We'll be updating on the main points this afternoon. But for all the hype, we're not expecting anything world-changing. Maybe we'll be proved wrong, but this Budget will be more about laying out an election manifesto, rather than anything more substantial.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.