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Old 05.08.2011, 17:01
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Swiss gold trading platform speaking English?

Hi, I have been searching for a while and didn't find an answer. I live in Geneva. I am looking for an online gold trading platform so that I can play a bit with my money. Here are the requirements:

1. The trading can be done in CHF
2. The interface should speak English
3. Minimum deposit is less than 10000CHF
4. The transactions are cheap

Now I only find guys in this forum mentioned this one:
http://www.bullionvalut.com
But I am not sure if it is recommended or not. Any suggestions?
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Old 05.08.2011, 17:12
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Re: Swiss gold trading platform speaking English?

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Hi, I have been searching for a while and didn't find an answer. I live in Geneva. I am looking for an online gold trading platform so that I can play a bit with my money. Here are the requirements:

1. The trading can be done in CHF
2. The interface should speak English
3. Minimum deposit is less than 10000CHF
4. The transactions are cheap

Now I only find guys in this forum mentioned this one:
http://www.bullionvalut.com
But I am not sure if it is recommended or not. Any suggestions?
i used BV before. it's physical allocated gold, so good legal protection. on the converse side, not as cheap/cheerful as derivatives but works well. takes a little while to fund the account.
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Old 05.08.2011, 19:22
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Re: Swiss gold trading platform speaking English?

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i used BV before.
Hi, Thanks. Do you mind telling me what are you using currently?
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Old 05.08.2011, 20:02
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Re: Swiss gold trading platform speaking English?

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Hi, Thanks. Do you mind telling me what are you using currently?
nothing. i sold all my PM holdings recently and went into Swiss real-estate. while i think you can still make good returns on gold, i think there is a substantial downside risk and will keep my powder dry for the next leg of the downturn.
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Old 06.08.2011, 20:29
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Re: Swiss gold trading platform speaking English?

I just found that bullionvalut does not support investment with CHF directly, which means I have to convert my francs to some cheap currency first, and what I hold besides gold should be USD or Euro rather than CHF. This could be a major minus.
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Old 06.08.2011, 22:19
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Re: Swiss gold trading platform speaking English?

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I just found that bullionvalut does not support investment with CHF directly, which means I have to convert my francs to some cheap currency first, and what I hold besides gold should be USD or Euro rather than CHF. This could be a major minus.
Gold is priced in USD & conversions nade from there
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Old 07.08.2011, 14:47
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Re: Swiss gold trading platform speaking English?

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Hi, I have been searching for a while and didn't find an answer. I live in Geneva. I am looking for an online gold trading platform so that I can play a bit with my money. Here are the requirements:

1. The trading can be done in CHF
2. The interface should speak English
3. Minimum deposit is less than 10000CHF
4. The transactions are cheap

Now I only find guys in this forum mentioned this one:
http://www.bullionvalut.com
But I am not sure if it is recommended or not. Any suggestions?
There are lots of different ways to trade gold. Some suitable for you, some not.

1. Options/Futures/Derivatives
Advantages: Low transaction costs, leverage. Possibility of going short.
Disadvantages: Time restricted, leverage
- this method is not for you if you are asking this question. You can get the direction right, but the timing wrong and lose everything (or even more if you don't have guaranteed stops)

2. Paper gold - ETFs like GLD or SLV
Advantages: Low transaction costs
Disadvantages: They likely don't actually have real gold*, but are based on derivatives. This accounts for the premium difference between 2 & 3

3. Fractional 'Allocated gold' - BV, goldmoney.com, ZKB, Sprott Physical Trust
Advantages: Backed by actual gold
Disadvantages: Higher transaction costs / spreads. Difficult to get hands on 'your' gold

4. Gold
Advantages: You own actual gold. Nobody's else's liability
Disadvantages: Higest transaction costs. Storage. Less liquid

* There is at least an order of magnitude more paper gold than there is real gold behind it

=====

If you want to go short, it has to be (1) or some (2)s. If you're doing a lot of trading, then (2) could be suitable. If you're looking to go long for an extended period of time without trading, only (4) is really suitable.

Sounds like (3) may be the best for you. Goldmoney.com is more flexible WRT foreign currencies than the similar Bullionvault, but slightly less flexible for trading.

I've seen a lot of people on https://www.kitcomm.com/ (the main gold forum) get out of gold waiting for a pullback which never happens. One way of avoiding this is to try and play the gold/silver ratio, switching between the 2 so that you're always long precious metals, but still trading. The advantage of goldmoney.com is that silver is VAT free, which makes it a lot more tradeable.
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Old 07.08.2011, 14:53
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Re: Swiss gold trading platform speaking English?

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I've seen a lot of people on https://www.kitcomm.com/ (the main gold forum) get out of gold waiting for a pullback which never happens. One way of avoiding this is to try and play the gold/silver ratio, switching between the 2 so that you're always long precious metals, but still trading. The advantage of goldmoney.com is that silver is VAT free, which makes it a lot more tradeable.
BV silver is also VAT free if you don't take delivery.
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Old 07.08.2011, 17:50
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Re: Swiss gold trading platform speaking English?

Did you take a look at http://www.migbank.com/?


it offers XAU and XAG online trading thru their MT4 platform.
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Old 07.08.2011, 18:31
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Re: Swiss gold trading platform speaking English?

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There are lots of different ways to trade gold. Some suitable for you, some not.

1. Options/Futures/Derivatives
Advantages: Low transaction costs, leverage. Possibility of going short.
Disadvantages: Time restricted, leverage
- this method is not for you if you are asking this question. You can get the direction right, but the timing wrong and lose everything (or even more if you don't have guaranteed stops)

2. Paper gold - ETFs like GLD or SLV
Advantages: Low transaction costs
Disadvantages: They likely don't actually have real gold*, but are based on derivatives. This accounts for the premium difference between 2 & 3

3. Fractional 'Allocated gold' - BV, goldmoney.com, ZKB, Sprott Physical Trust
Advantages: Backed by actual gold
Disadvantages: Higher transaction costs / spreads. Difficult to get hands on 'your' gold

4. Gold
Advantages: You own actual gold. Nobody's else's liability
Disadvantages: Higest transaction costs. Storage. Less liquid
Thanks for the quite informative post. Trading with (3) is much more like what I wanted. The only problem is that I am not sure whether it is safe to transfer my savings to these companies, and whether I can get my money back securely. For now I intend to head to (2) instead. I have just registered with SwissQuote and plan to buy some Gold ETFs. I heard it is good for beginners. I guess it is a much more secure way, although the transactions are more expensive.
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Old 07.08.2011, 18:37
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Re: Swiss gold trading platform speaking English?

No, never heard of it. It this recommended? Is there a minimum deposit and minimum transaction fee?

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Did you take a look at http://www.migbank.com/?


it offers XAU and XAG online trading thru their MT4 platform.
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