GPG keys are stored under C:\Documents and Settings\<user>\Application
Data\gnupg. If you have a roving profile, this area may become corrupted if you
try accessing the keys (e.g. using GPA) from >1 PC simultaneously. I've had to
move gnupg to gnupg.old and import my keys from backups to get round this
corruption.
It would be nice if GnuPG could handle > 1 PC accessing the keys simultaneously.