 | | | 
17.08.2012, 15:46
| Senior Member | | Join Date: Sep 2010 Location: Near vevey
Posts: 414
Groaned at 33 Times in 13 Posts
Thanked 256 Times in 139 Posts
| | Re: Gold Buying | Quote: | |  | | | OMG!  | | | | | Life is just a game that involves numbers, whatever those numbers are is immaterial…
Competition exists and a buyer can buy from anywhere, those that buy from me agree to pay what I ask….
It shocks you to see that I maximise on an opportunity, isn't that what business is all about ?
It may shock you even more if i told you that at least 60% of my customers come back time and time again, when they become loyal I reward that loyalty...
| 
17.08.2012, 15:56
|  | Forum Legend | | Join Date: Aug 2009 Location: Zug
Posts: 3,309
Groaned at 76 Times in 59 Posts
Thanked 3,795 Times in 1,780 Posts
| | Re: Gold Buying | Quote: | |  | | | Life is just a game that involves numbers, whatever those numbers are is immaterial…
Competition exists and a buyer can buy from anywhere, those that buy from me agree to pay what I ask….
It shocks you to see that I maximise on an opportunity, isn't that what business is all about ?
It may shock you even more if i told you that at least 60% of my customers come back time and time again, when they become loyal I reward that loyalty... | | | | | What do you want me to do? Commend your shrewed business acumen?
All what you write and say about business and trading makes you sound like a shady back street con artist. | The following 3 users would like to thank The_Love_Doctor for this useful post: | | 
23.08.2012, 21:16
| Forum Veteran | | Join Date: Aug 2011 Location: Bern
Posts: 667
Groaned at 19 Times in 12 Posts
Thanked 464 Times in 294 Posts
| | Re: Gold Buying
Another quote on the subject of the " Allocated Gold scandal " this time naming the Zürcher Kantonalbank. | Quote: |  | | | “I had a very long conversation with an old trusted friend with the most impressive ties to the gold industry. We shared information and feedback that we obtain from various people from very deep inside the system. One of the issues we explored in great depth was where the precious metal market will be heading, due to certain developments. My friend is pretty certain that we shall see a price of at least US$50,000 per oz in today’s dollar, once the gold fraud perpetrated by the banks in selling Allocated certificates (having no metal behind them) and the ETF fraud by Zurich Kantonalbank blow into the open. This will happen with the beginning run by ETF certificate holders. They will someday before long make a run on the bank(s) demanding their metal to be delivered. This run has now started and is gaining momentum in Switzerland. At the same time banks are pulling lines of credit they previously had granted to mining companies. We also agreed that the current Au/Ag ratio of currently approx 54:1 will come down to anywhere between 18:1 and 25:1 over time. This will be happening as the price for Au will go through the roof, as in when it will be defined by the market.” Wow! | | | | | Source: http://rss.goldtent.com/?p=256044 | 
23.08.2012, 21:43
| Forum Legend | | Join Date: Apr 2008 Location: Zurich
Posts: 4,160
Groaned at 80 Times in 59 Posts
Thanked 4,435 Times in 2,390 Posts
| | Re: Gold Buying | Quote: | |  | | | | | | | | These blogs talk about lawsuits - are there any public records of those lawsuits actually being in progress?
I don't have a vaulted gold account, but from what I read, those gold-leasing deals are not uncommon. Do the AGBs say that they (ZKB or other banks) can lease-out your gold?
I would have a hard time believing all these rumors - if the banks hadn't done so much BS in the past...nowadays, even the most looney-weirdo rumors actually have some credibility....
| 
23.08.2012, 21:45
|  | Forum Legend | | Join Date: Oct 2007 Location: Aargau
Posts: 8,876
Groaned at 125 Times in 92 Posts
Thanked 6,613 Times in 3,661 Posts
| | Re: Gold Buying
Why would you want to buy gold in the first place? Would you stash it in the kitchen cabinet or shovel it on a wheelbarrow to the basement? It's too easy target compared to e.g. properties. Not for nothing do they call them here imobillien because they cannot be moved so easily by means of a wheelbarrow. Well perhaps they could snatch them "brick by brick" but not in one piece though | 
23.08.2012, 21:57
| Forum Veteran | | Join Date: Aug 2011 Location: Bern
Posts: 667
Groaned at 19 Times in 12 Posts
Thanked 464 Times in 294 Posts
| | Re: Gold Buying | Quote: | |  | | | ... are there any public records of those lawsuits actually being in progress? | | | | | This is one reason I have posted this rumour here (with source), on the chance that someone might know where to look for such 'public records of lawsuits'. I wouldn't actually know where to start.
Question is, would such super sensitive cases involving Cantonal Banks be made public here in Switzerland? - I am not so sure.
| 
23.08.2012, 22:36
| Forum Legend | | Join Date: Apr 2008 Location: Zurich
Posts: 4,160
Groaned at 80 Times in 59 Posts
Thanked 4,435 Times in 2,390 Posts
| | Re: Gold Buying | Quote: | |  | | | This is one reason I have posted this rumour here (with source), on the chance that someone might know where to look for such 'public records of lawsuits'. I wouldn't actually know where to start.
Question is, would such super sensitive cases involving Cantonal Banks be made public here in Switzerland? - I am not so sure. | | | | | I would be surprised if it actually hits the courts.
Banks would certainly try everything to prevent that from happening.
I'm afraid, it's pretty useless to ask for confirmation online - from what I have gathered so far, the gold-bug community seems to be as closely knit and as secretive as a lodge of freemasons.
| This user would like to thank rainer_d for this useful post: | | 
10.09.2012, 21:29
| Forum Veteran | | Join Date: Aug 2011 Location: Bern
Posts: 667
Groaned at 19 Times in 12 Posts
Thanked 464 Times in 294 Posts
| | Re: Gold Buying
Gold and silver have risen, but I can't help feeling that this may well be another trap and prices will drop once more before the final moon shot. Is another attempt being made to get some shaky hands to drop their fruit?
What say other observers of the precious metals market?
| 
11.09.2012, 18:30
| Forum Veteran | | Join Date: Oct 2007 Location: Ticino & London
Posts: 2,040
Groaned at 173 Times in 93 Posts
Thanked 1,143 Times in 630 Posts
| | Re: Gold Buying | Quote: | |  | | | Passing laws on people taking out 500 at a time? This isn't Argentina quite yet. | | | | | This is quite funny because Italy have brought out legislation that all transactions of 1,000 Euros or more must be made through a bank; i.e. you cannot pay cash.
My prediction in this thread came faster than I envisaged.
By the way, I have noticed that the price of gold falls near the end of each quarter.
I think this is because traders close their positions and if they make a loss have to sell the gold reserves they are holding to cover the loss.
Therefore more Gold is on the market and it is supply and demand.
So if you are looking at gold watch around end of September.
__________________
I do not have friends..........I have contingent liabilities
Last edited by Cashboy; 11.09.2012 at 18:42.
| 
11.09.2012, 20:42
| Forum Legend | | Join Date: May 2010 Location: north
Posts: 6,129
Groaned at 218 Times in 138 Posts
Thanked 5,100 Times in 2,636 Posts
| | Re: Gold Buying
france have also passed a law that gold/silver can not be paid for in cash.
i for one am happy with the gold price rise... i bought mine about 2 years and TBH have not made such a large profit, but enough | 
11.09.2012, 21:39
| Senior Member | | Join Date: Sep 2010 Location: Near vevey
Posts: 414
Groaned at 33 Times in 13 Posts
Thanked 256 Times in 139 Posts
| | Re: Gold Buying
Until gold is given tier one status it could be given as as presents, specially to family, the tax man has no right to stick his nose into presents given over a period of time as long as those gifts stayed within the allowed limits...
With gold coins it would be impossible to prove when a gift was given, birthdays, easter, christmas, good deeds etc are numerous, giving metal away as a gift is not much different than flowers..
| 
11.09.2012, 22:24
| Senior Member | | Join Date: Sep 2010 Location: Near vevey
Posts: 414
Groaned at 33 Times in 13 Posts
Thanked 256 Times in 139 Posts
| | Re: Gold Buying | Quote: | |  | | | What do you want me to do? Commend your shrewed business acumen?
All what you write and say about business and trading makes you sound like a shady back street con artist.  | | | | | I once in a PM compared you to a certain part of the male genitalia which you then immediately complained to the EF hierarchy as unsuitable...
For that I must apologise:
Dear Dick,
I am so sorry I compared you to the love doctor, you are very useful and occasionally cum in very handy.
Regards
1i
| This user would like to thank onei for this useful post: | | 
25.09.2012, 11:07
|  | Forum Legend | | Join Date: May 2008 Location: Kt. Zürich
Posts: 12,381
Groaned at 721 Times in 605 Posts
Thanked 24,090 Times in 12,615 Posts
| | Re: Gold Buying
For Fatman Copyright FT yesterday In euro terms, the metal hit a fresh peak of €1,374.67 a troy ounce on Monday, surpassing the previous record high of €1,373.92 touched a year ago. The yellow metal has recently hit record highs in Swiss franc terms. In dollar terms it remains below last September’s peak of $1,920, although many analysts see a fresh record high as a possibility in the next few months. | 
25.09.2012, 16:50
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,373
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: Gold Buying | Quote: | |  | | | For Fatman  Copyright FT yesterday In euro terms, the metal hit a fresh peak of €1,374.67 a troy ounce on Monday, surpassing the previous record high of €1,373.92 touched a year ago. The yellow metal has recently hit record highs in Swiss franc terms. In dollar terms it remains below last September’s peak of $1,920, although many analysts see a fresh record high as a possibility in the next few months. | | | | | Well the CHF as lost nearly 20% in the last 13 months V the Euro, even more V the USD so thats inevitable. I would still rather hold US assets than Swiss!
Once people realise ythat many gold bars are actuall tungsten bars with a gold wrapper I think the attraction will wane!
| This user would like to thank fatmanfilms for this useful post: | | 
25.09.2012, 17:01
| Banned | | Join Date: May 2010 Location: geneve
Posts: 731
Groaned at 287 Times in 110 Posts
Thanked 1,374 Times in 546 Posts
| | Re: Gold Buying
I don't necessarily agree with the tungsten statement Mr. Fatman, risk about fake gold has always been around, that is why you need to get it from proved sources, eg a bank. I don't think people's desire for gold will splash because of those cases. Chances of gold going down are very slim in my opinion but I am no expert. As long as we have crisis around the world gold will hold and go up...
Just one stupid question, the current price of gold is 54 CHF per gram, quick look on ricardo I see 1 2 5 10 20 gram bars trading for 60-70 CHF per gram...Now, why is that? Those are normal bars, the same you can buy at UBS CS...
| 
25.09.2012, 17:08
| Forum Veteran | | Join Date: Aug 2011 Location: Zurich
Posts: 1,235
Groaned at 107 Times in 64 Posts
Thanked 2,069 Times in 688 Posts
| | Re: Gold Buying
Once upon a time...
All bubbles burst, and the biggest bubble now is gold. No-one can really believe that there is so much mined gold on earth that everyone who has gold shares will be able to convert them into metal when the crunch comes.
| 
25.09.2012, 17:12
| Banned | | Join Date: May 2010 Location: geneve
Posts: 731
Groaned at 287 Times in 110 Posts
Thanked 1,374 Times in 546 Posts
| | Re: Gold Buying
That is why you need to buy physical gold...
| 
25.09.2012, 17:21
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,373
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: Gold Buying | Quote: | |  | | | Once upon a time...
All bubbles burst, and the biggest bubble now is gold. No-one can really believe that there is so much mined gold on earth that everyone who has gold shares will be able to convert them into metal when the crunch comes. | | | | | Gold shares represent fractional owership of gold mines, rather than gold.
| 
25.09.2012, 17:29
| Forum Veteran | | Join Date: Aug 2011 Location: Zurich
Posts: 1,235
Groaned at 107 Times in 64 Posts
Thanked 2,069 Times in 688 Posts
| | Re: Gold Buying | Quote: | |  | | | Gold shares represent fractional owership of gold mines, rather than gold. | | | | | Exactly. So if 2 million of us have gold shares and the crunch comes, what is the use of gold shares if the 'stock' say in Australia has to be divided by 2 million x the number of shares.
The world is bonkers.
| 
25.09.2012, 17:40
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,373
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: Gold Buying | Quote: | |  | | | Exactly. So if 2 million of us have gold shares and the crunch comes, what is the use of gold shares if the 'stock' say in Australia has to be divided by 2 million x the number of shares.
The world is bonkers. | | | | | With gold mines, it's the future price of gold thats important as the majority of the gold is still in the ground. Can the gold be extracted for more or less than the cost of extraction.... The shares are tradeable so you can buy or sell them, better to buy when gold is out of favour than in favour, however you will feel less 'comfortable' with your investment as all your friends will laugh at you!
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | | Thread Tools | | Display Modes | Linear Mode |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | All times are GMT +2. The time now is 23:04. | |