Gold Buying - Page 23

DavidSJC · #**441** 25.11.2011, 20:52

	Quote:	Lex
	Also, not that it may be important, but back in 1933 with the gold confiscation act in the US, if someone would have a safety deposit box in a bank, none would be opened without the presence of an IRS agent there also.

It is because of this kind of stupidity that I moved from the US to Switzerland.
The Swiss have a long tradition of treating gold as currency. This is safest
place in the world to store gold.

DavidSJC

marton · #**442** 26.11.2011, 11:33

	Quote:	DavidSJC
	It is because of this kind of stupidity that I moved from the US to Switzerland. The Swiss have a long tradition of treating gold as currency. This is safest place in the world to store gold. DavidSJC

You moved in 1933?

dconaty · #**443** 27.11.2011, 15:21

	Quote:	Lex
	Technically the CHF is pegged to EUR, so goes with it. If they alter the peg in any way upwards, then even more so. Article below re UBS expecting more intervention from SNB. http://www.cash.ch/news/front/ubs_er...er-1105134-449

Hi, the article is no longer available online. Do they really expect the SNB to go further with the Euro?

I am enjoying the weekends lack of market news. It seems like the monday on is just crazy.

spalebärg · #**444** 02.12.2011, 08:10

	Quote:	dconaty
	Hi, the article is no longer available online. Do they really expect the SNB to go further with the Euro? I am enjoying the weekends lack of market news. It seems like the monday on is just crazy.

Had to read that so did a search....
http://www.cash.ch/news/topnews/ubs_...er-1105134-771

marton · #**445** 12.12.2011, 23:26

Quote "Chinese gold imports from Hong Kong, a proxy for overseas buying, hit a fresh record high in October and accounted for more than one-quarter of global demand.
Data from the Hong Kong government showed that China imported 85.7 tonnes of gold via Hong Kong in October, up 50 per cent from the previous month and up more than 40 times from October last year. It is the fourth consecutive month that China’s gold flows through Hong Kong have hit new highs"

China is the world's largest gold producer & now the largest gold importer