Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation
Reply
 
Thread Tools Display Modes
  #781  
Old 14.02.2014, 07:40
Forum Veteran
 
Join Date: Aug 2011
Location: Baselland
Posts: 581
Groaned at 9 Times in 7 Posts
Thanked 390 Times in 244 Posts
spalebärg has a reputation beyond reputespalebärg has a reputation beyond reputespalebärg has a reputation beyond reputespalebärg has a reputation beyond repute
Re: Gold Buying

It is generally assumed that "the starting gates open" when the spot price moves above (and stays above) the 200 day moving average. Well that's getting close. (Click image for better detail.)

BTW Does anyone know if there is a place online where it is shown on a daily basis if gold is still in backwardation?
Attached Thumbnails
gold-buying-sc.png  
Reply With Quote
  #782  
Old 04.03.2014, 00:49
marton's Avatar
Forum Legend
 
Join Date: May 2008
Location: Zürich
Posts: 7,523
Groaned at 164 Times in 139 Posts
Thanked 8,549 Times in 4,685 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: Gold Buying

Thank you Mr. Putin! Gold in chf/Kg up over 2% today
Reply With Quote
This user would like to thank marton for this useful post:
  #783  
Old 13.03.2014, 08:10
Forum Veteran
 
Join Date: Aug 2011
Location: Baselland
Posts: 581
Groaned at 9 Times in 7 Posts
Thanked 390 Times in 244 Posts
spalebärg has a reputation beyond reputespalebärg has a reputation beyond reputespalebärg has a reputation beyond reputespalebärg has a reputation beyond repute
Re: Gold Buying

I see that now the Swiss press (Finanz und Wirtschaft) is openly talking about the gold price being manipulated.


Der manipulierte Goldmarkt

PS: In the F&W poll 88% of readers agree.

Last edited by spalebärg; 13.03.2014 at 08:31. Reason: PS: Poll result added.
Reply With Quote
This user would like to thank spalebärg for this useful post:
  #784  
Old 13.03.2014, 10:33
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 13,778
Groaned at 209 Times in 181 Posts
Thanked 11,093 Times in 6,292 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
I see that now the Swiss press (Finanz und Wirtschaft) is openly talking about the gold price being manipulated.


Der manipulierte Goldmarkt

PS: In the F&W poll 88% of readers agree.
It's funny that people only call the 'manipulation' card when it moves against them
Reply With Quote
  #785  
Old 13.03.2014, 10:54
Texaner's Avatar
Forum Veteran
 
Join Date: Apr 2008
Location: Zentralschweiz
Posts: 2,043
Groaned at 98 Times in 88 Posts
Thanked 2,977 Times in 1,424 Posts
Texaner has a reputation beyond reputeTexaner has a reputation beyond reputeTexaner has a reputation beyond reputeTexaner has a reputation beyond reputeTexaner has a reputation beyond reputeTexaner has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
It's funny that people only call the 'manipulation' card when it moves against them
it's not 'funny' at all — those who benefit from manipulation seldom do themselves any favors by drawing attention to it. They have no incentive to do so.

While I approve of the broadening consensus that manipulation has been taking place and is ethically questionable, it doesn't really 'move against' me — I like lower prices!
Reply With Quote
  #786  
Old 13.03.2014, 11:04
Forum Legend
 
Join Date: Dec 2010
Location: ZH
Posts: 4,447
Groaned at 55 Times in 45 Posts
Thanked 2,165 Times in 1,312 Posts
SOBEIT has a reputation beyond reputeSOBEIT has a reputation beyond reputeSOBEIT has a reputation beyond reputeSOBEIT has a reputation beyond repute
Re: Gold Buying

Manipulation is standard across all forms business, whether trading or gold buying. It's a game, choose to play, take the risks and good luck to all.
Reply With Quote
  #787  
Old 13.03.2014, 11:59
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 13,778
Groaned at 209 Times in 181 Posts
Thanked 11,093 Times in 6,292 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
it's not 'funny' at all — those who benefit from manipulation seldom do themselves any favors by drawing attention to it. They have no incentive to do so.

While I approve of the broadening consensus that manipulation has been taking place and is ethically questionable, it doesn't really 'move against' me — I like lower prices!
I am sure I will see gold fall to $400 in my lifetime, your going to be one very happy man
Reply With Quote
  #788  
Old 13.03.2014, 12:00
Forum Legend
 
Join Date: Dec 2010
Location: ZH
Posts: 4,447
Groaned at 55 Times in 45 Posts
Thanked 2,165 Times in 1,312 Posts
SOBEIT has a reputation beyond reputeSOBEIT has a reputation beyond reputeSOBEIT has a reputation beyond reputeSOBEIT has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
I am sure I will see gold fall to $400 in my lifetime, your going to be one very happy man
No chance.
Reply With Quote
  #789  
Old 13.03.2014, 12:46
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 13,778
Groaned at 209 Times in 181 Posts
Thanked 11,093 Times in 6,292 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
No chance.

Every chance you just need to be patient. It's not as it's intrinsic value is any higher.
Reply With Quote
  #790  
Old 13.03.2014, 14:03
marton's Avatar
Forum Legend
 
Join Date: May 2008
Location: Zürich
Posts: 7,523
Groaned at 164 Times in 139 Posts
Thanked 8,549 Times in 4,685 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
I see that now the Swiss press (Finanz und Wirtschaft) is openly talking about the gold price being manipulated.


Der manipulierte Goldmarkt

PS: In the F&W poll 88% of readers agree.
Now 89%
Very interesting article - also revives the rumour about "is there really enough real gold in the US reserves?"
It is definitely a very strange business about the German gold repatriation and very strange that so many people keep so quiet about it; I assume most people involved have more to lose than to gain if the gold price exploded??
I mean 5 tons delivered from the US last year is laughable.
Reply With Quote
  #791  
Old 13.03.2014, 15:30
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 13,778
Groaned at 209 Times in 181 Posts
Thanked 11,093 Times in 6,292 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
Now 89%
Very interesting article - also revives the rumour about "is there really enough real gold in the US reserves?"
It is definitely a very strange business about the German gold repatriation and very strange that so many people keep so quiet about it; I assume most people involved have more to lose than to gain if the gold price exploded??
I mean 5 tons delivered from the US last year is laughable.
If there was any truth the insiders would have been buying like hell, which they may well have done a couple of years ago. That trade is now being undone slowly......at as much loss as they can afford to take.
With stories like that supporting the price I see $400 more likely & sooner. The question is if it goes to $400 how many years before it hits $500 10? 20? Or longer. When interest rates rise gold will look unattractive.
Reply With Quote
  #792  
Old 13.03.2014, 16:04
Forum Veteran
 
Join Date: Aug 2011
Location: Baselland
Posts: 581
Groaned at 9 Times in 7 Posts
Thanked 390 Times in 244 Posts
spalebärg has a reputation beyond reputespalebärg has a reputation beyond reputespalebärg has a reputation beyond reputespalebärg has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
If there was any truth the insiders would have been buying like hell, which they may well have done a couple of years ago. That trade is now being undone slowly......at as much loss as they can afford to take.
With stories like that supporting the price I see $400 more likely & sooner. The question is if it goes to $400 how many years before it hits $500 10? 20? Or longer. When interest rates rise gold will look unattractive.
Insiders? The Chinese claim that China is the "Middle Kingdom" so at least in their mind's eye the are by definition 'the insiders'.
How many tons are they importing in 2014?
Correct me if I'm wrong but I seem to remember a figure of 30 tonnes per week being quoted somewhere. Also that gold only goes into China and, for the time being, never leaves.
Reply With Quote
This user would like to thank spalebärg for this useful post:
  #793  
Old 13.03.2014, 17:23
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 13,778
Groaned at 209 Times in 181 Posts
Thanked 11,093 Times in 6,292 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Gold Buying

I have to go back over the whole 40 pages of this thread, what is interesting over 4.5 years Gold in CHF terms costs the same as it did 4.5 years ago. In that time the SNB has printed a lot of money, the SMI is up over 30%.

If you really want to preserve your wealth over time the stock market will do just that & very likely better by a huge margin. The US stock market has out performed gold on any long term basis you choose to look at even if you ignore dividend payments received each year. Betting against the US economy has never been a winner at any time in history, why it it going to be different now?
Reply With Quote
The following 2 users would like to thank fatmanfilms for this useful post:
  #794  
Old 13.03.2014, 17:30
Forum Veteran
 
Join Date: Aug 2011
Location: Baselland
Posts: 581
Groaned at 9 Times in 7 Posts
Thanked 390 Times in 244 Posts
spalebärg has a reputation beyond reputespalebärg has a reputation beyond reputespalebärg has a reputation beyond reputespalebärg has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
Manipulation is standard across all forms business, whether trading or gold buying. It's a game, choose to play, take the risks and good luck to all.
What today is new and different to the last ten or more years is this...
Up till until very recently the mainstream media have consistently ONLY DENIED that the gold price is manipulated. The only other people who are gold manipulation deniers are central banks and govt. spokespersons.
Now about a week or so ago the Financial Times (I think it was) brought out an article online talking about gold manipulation as if it really did exist. A few hours later the paper took the article down. However, a Google crawler was able to put a copy of the article online - to the great embarrassment of the newspaper concerned.
Then, a few days later Bloomberg did a similar gold manipulation article. And now Switzerland does the same.
What does all this mean?
On the basis that a govt. rumour is only then proven true when they deny it we must ask ourselves what does it mean when official sources STOP denying something.
One conceivable possibility is that the central banks are finally running out of ammunition (physical gold) and soon will NOT be able to manipulate gold anymore.
Before this happens they want to allow their mainstream media to have reported manipulation which we all agree exists.
This could mean gold will soon reach a price that it would have attained if there had been no gold manipulation.
I wonder what that will be?
Reply With Quote
  #795  
Old 13.03.2014, 17:52
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 13,778
Groaned at 209 Times in 181 Posts
Thanked 11,093 Times in 6,292 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
What today is new and different to the last ten or more years is this...
Up till until very recently the mainstream media have consistently ONLY DENIED that the gold price is manipulated. The only other people who are gold manipulation deniers are central banks and govt. spokespersons.
Now about a week or so ago the Financial Times (I think it was) brought out an article online talking about gold manipulation as if it really did exist. A few hours later the paper took the article down. However, a Google crawler was able to put a copy of the article online - to the great embarrassment of the newspaper concerned.
Then, a few days later Bloomberg did a similar gold manipulation article. And now Switzerland does the same.
What does all this mean?
On the basis that a govt. rumour is only then proven true when they deny it we must ask ourselves what does it mean when official sources STOP denying something.
One conceivable possibility is that the central banks are finally running out of ammunition (physical gold) and soon will NOT be able to manipulate gold anymore.
Before this happens they want to allow their mainstream media to have reported manipulation which we all agree exists.
This could mean gold will soon reach a price that it would have attained if there had been no gold manipulation.
I wonder what that will be?

All governments own gold , so if the price is manipulated it's manipulated up......so expect huge falls when their support ends.
Reply With Quote
  #796  
Old 13.03.2014, 17:56
Confloozed's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: Zurich
Posts: 4,704
Groaned at 135 Times in 119 Posts
Thanked 4,831 Times in 2,299 Posts
Confloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
I have to go back over the whole 40 pages of this thread, what is interesting over 4.5 years Gold in CHF terms costs the same as it did 4.5 years ago. In that time the SNB has printed a lot of money, the SMI is up over 30%.

If you really want to preserve your wealth over time the stock market will do just that & very likely better by a huge margin. The US stock market has out performed gold on any long term basis you choose to look at even if you ignore dividend payments received each year. Betting against the US economy has never been a winner at any time in history, why it it going to be different now?
You just have to know how to hold your nerve.

Last edited by 3Wishes; 13.03.2014 at 18:37. Reason: fixed quote
Reply With Quote
  #797  
Old 13.03.2014, 18:02
marton's Avatar
Forum Legend
 
Join Date: May 2008
Location: Zürich
Posts: 7,523
Groaned at 164 Times in 139 Posts
Thanked 8,549 Times in 4,685 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
All governments own gold , so if the price is manipulated it's manipulated up......so expect huge falls when their support ends.
I think Gordon Brown is the expert on that
Reply With Quote
This user would like to thank marton for this useful post:
  #798  
Old 13.03.2014, 18:15
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 13,778
Groaned at 209 Times in 181 Posts
Thanked 11,093 Times in 6,292 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
I think Gordon Brown is the expert on that
It all depends how the money was invested afterwards, the Swiss were also selling gold at the same time iirc.
Reply With Quote
  #799  
Old 13.03.2014, 18:25
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 13,778
Groaned at 209 Times in 181 Posts
Thanked 11,093 Times in 6,292 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Gold Buying

[QUOTE=Confloozed;2109815]
Quote:
View Post
I have to go back over the whole 40 pages of this thread, what is interesting over 4.5 years Gold in CHF terms costs the same as it did 4.5 years ago. In that time the SNB has printed a lot of money, the SMI is up over 30%.

If you really want to preserve your wealth over time the stock market will do just that & very likely better by a huge margin. The US stock market has out performed gold on any long term basis you choose to look at even if you ignore dividend payments received each year. Betting against the US economy has never been a winner at any time in history, why it it going to be different now?[/QUOTE]
You just have to know how to hold your nerve.
Don't listen to the background noise, there is always a conspiracy theory about something. Funny thing is 90% of expert fund managers under perform the index they are paid to beat every one of their trades costs the fund money.......
Reply With Quote
  #800  
Old 14.03.2014, 16:54
Forum Veteran
 
Join Date: Aug 2011
Location: Baselland
Posts: 581
Groaned at 9 Times in 7 Posts
Thanked 390 Times in 244 Posts
spalebärg has a reputation beyond reputespalebärg has a reputation beyond reputespalebärg has a reputation beyond reputespalebärg has a reputation beyond repute
Re: Gold Buying

What happens if Putin tells the West that in future they will have to pay for Russian oil and gas with gold?

Well, I suppose one of the first things will be that Angela Merkel will have an accident in her knickers.

(FMF's answer: The price of gold will go down LOL )
Reply With Quote
This user would like to thank spalebärg for this useful post:
Reply

Tags
gold, swiss franc




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
GOLD - Int'l recognition of swiss gold coins? Uncle GroOve Finance/banking/taxation 19 19.08.2011 19:04
Buying gold in Zurich Tiger Other/general 27 07.11.2010 15:21


All times are GMT +2. The time now is 03:12.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2016, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0