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  #481  
Old 17.08.2012, 15:46
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Re: Gold Buying

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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...
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  #482  
Old 17.08.2012, 15:56
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Re: Gold Buying

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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.
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  #483  
Old 23.08.2012, 21:16
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Re: Gold Buying

Another quote on the subject of the "Allocated Gold scandal " this time naming the Zürcher Kantonalbank.

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“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
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  #484  
Old 23.08.2012, 21:43
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Re: Gold Buying

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Another quote on the subject of the "Allocated Gold scandal " this time naming the Zürcher Kantonalbank.



Source: http://rss.goldtent.com/?p=256044
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....
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  #485  
Old 23.08.2012, 21:45
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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
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  #486  
Old 23.08.2012, 21:57
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Re: Gold Buying

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... 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.
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  #487  
Old 23.08.2012, 22:36
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Re: Gold Buying

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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.
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  #488  
Old 10.09.2012, 21:29
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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?
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  #489  
Old 11.09.2012, 18:30
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Re: Gold Buying

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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.
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  #490  
Old 11.09.2012, 20:42
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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
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  #491  
Old 11.09.2012, 21:39
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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..
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  #492  
Old 11.09.2012, 22:24
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Re: Gold Buying

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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
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  #493  
Old 25.09.2012, 11:07
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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.
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  #494  
Old 25.09.2012, 16:50
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Re: Gold Buying

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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!
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  #495  
Old 25.09.2012, 17:01
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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...
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  #496  
Old 25.09.2012, 17:08
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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.
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  #497  
Old 25.09.2012, 17:12
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Re: Gold Buying

That is why you need to buy physical gold...
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  #498  
Old 25.09.2012, 17:21
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Re: Gold Buying

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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.
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  #499  
Old 25.09.2012, 17:29
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Re: Gold Buying

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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.
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  #500  
Old 25.09.2012, 17:40
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Re: Gold Buying

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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!
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