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  #501  
Old 26.09.2012, 08:28
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Re: Gold Buying

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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!
The world is full of illusions. The reason people buy gold is the thought that whilst all those around are walking about in rags and begging for a crust the gold owner will still be buying petrol and eating in restaurants. Only gold in a material form would go some way to achieve this dream of security and obviously it would be needed in great amounts when gold itself cannot be sold easily as people won't have any money. Gold shares are, as you say, tradeable, but serve no other puropse than to ensure the mine owners a good life and increase the circumference of the bubble, filling it, as other bubbles, with air.
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  #502  
Old 26.09.2012, 08:32
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Re: Gold Buying

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Gold shares are, as you say, tradeable, but serve no other puropse than to ensure the mine owners a good life.
So buying gold shares will give you a good life, a share holder is an owner of the business......
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  #503  
Old 26.09.2012, 08:51
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Re: Gold Buying

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a share holder is an owner of the business......
That's another illusion. When managers walk away with millions they take the substance with them. As many now poor share-holders know.
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  #504  
Old 26.09.2012, 10:01
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Re: Gold Buying

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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...
Because people do not want to go to UBS/CS etc. & risk to have their details recorded
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  #505  
Old 29.09.2012, 08:53
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Re: Gold Buying

Thought this link would be appropiate on this board - you can actually buy this stuff straight from the factory- with the markings of choice.

http://www.tungsten-alloy.com/tungst...gold-coin.html

If anyone buys some - keep us posted.
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  #506  
Old 30.09.2012, 14:54
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Re: Gold Buying

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Thought this link would be appropiate on this board - you can actually buy this stuff straight from the factory- with the markings of choice.

http://www.tungsten-alloy.com/tungst...gold-coin.html

If anyone buys some - keep us posted.
They have been doing it since 2006 at least !
http://web.archive.org/web/200612301...en/alloy11.htm
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  #507  
Old 30.09.2012, 15:22
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Re: Gold Buying

Tungsten bars can easily be checked out, I'd be far more afraid of these:

http://www.zerohedge.com/sites/defau.../03/Bar4_0.jpg

http://www.zerohedge.com/sites/defau.../03/Bar4_0.jpg

http://www.zerohedge.com/sites/defau.../03/bar3_0.jpg

Conspiracy theorist suggest they come directly from the Fort Knox...
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  #508  
Old 22.10.2012, 17:22
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Re: Gold Buying

The German Rechnungshof (the equivalent of a Government Accounting Office, if I'm not wrong) has asked the Bundesbank (German Federal Reserve Bank) for an audit of the parts of its gold-reserves (nearly 3400 tons) that are stored at foreign national banks in the US, UK and France:

http://www.spiegel.de/wirtschaft/soz...-a-862719.html

"Because it's worth so much".
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  #509  
Old 23.10.2012, 22:39
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Re: Gold Buying

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The German Rechnungshof (the equivalent of a Government Accounting Office, if I'm not wrong) has asked the Bundesbank (German Federal Reserve Bank) for an audit of the parts of its gold-reserves (nearly 3400 tons) that are stored at foreign national banks in the US, UK and France:

http://www.spiegel.de/wirtschaft/soz...-a-862719.html

"Because it's worth so much".
"The Bundesbank disagrees with Germany’s Audit Court that the central bank should take stock of its gold holdings outside Germany. "

Why would they do that, object I mean??
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  #510  
Old 12.04.2013, 23:19
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Re: Gold Buying

Well Gold closed down 5.31% at $1481.80.
I would expect to see it fall further quite quickly!
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  #511  
Old 13.04.2013, 08:15
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Re: Gold Buying

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Well Gold closed down 5.31% at $1481.80.
I would expect to see it fall further quite quickly!
CHF 44'087.00. The last time it was that low was in July 2011 I think.
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  #512  
Old 15.04.2013, 08:17
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Re: Gold Buying

I would say that once gold falls below US$1,500 this would make a great buying opportunity.

The solvency of the banks and governments still does not make sense to me.

I predict Gold to hit US$1,980 by the end of 2013.
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  #513  
Old 15.04.2013, 08:19
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Re: Gold Buying

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I would say that once gold falls below US$1,500 this would make a great buying opportunity.

The solvency of the banks and governments still does not make sense to me.

I predict Gold to hit US$1,980 by the end of 2013.
It's already below $1500! I think the low point will be in the $500-800 range.: probably not this year but you never know with markets, when they fall it's like catching a knife.
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  #514  
Old 15.04.2013, 08:45
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Ill be watching for the low point. I quite fancy a kg for not a lot
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  #515  
Old 15.04.2013, 09:01
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Re: Gold Buying

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Ill be watching for the low point. I quite fancy a kg for not a lot
Right there with you brother! The trick is to decide when you've hit that point
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  #516  
Old 15.04.2013, 09:05
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Re: Gold Buying

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It's already below $1500! I think the low point will be in the $500-800 range.: probably not this year but you never know with markets, when they fall it's like catching a knife.
The Financial Crisis has really just started to get serious now.

With QE (Money Printing) I really think Gold has to go back to US$1980 by the end of the year.
I also think the Swiss Banks - UBS and Credit Suisse are bust.
I also think that Pillar 2 Pensions will not reach people's expectations in the future (robbed by fund managers and the government in tax).
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  #517  
Old 15.04.2013, 09:53
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The Financial Crisis has really just started to get serious now.

With QE (Money Printing) I really think Gold has to go back to US$1980 by the end of the year.
I also think the Swiss Banks - UBS and Credit Suisse are bust.
I also think that Pillar 2 Pensions will not reach people's expectations in the future (robbed by fund managers and the government in tax).
Pillar 2 us pretty much cash in the bank.
Why would anybody actually think gold is of muck use, only a tiny amount is used in industry

As tha $ strengthens gold will fall in $ terms . Not much good to a chf investor
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  #518  
Old 15.04.2013, 10:24
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Re: Gold Buying

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Why would anybody actually think gold is of muck use
History?
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  #519  
Old 15.04.2013, 10:28
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Re: Gold Buying

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Pillar 2 us pretty much cash in the bank.
Why would anybody actually think gold is of muck use, only a tiny amount is used in industry

As tha $ strengthens gold will fall in $ terms . Not much good to a chf investor
the high gold price is being sustained purely due to its historical role as a store of value.

while the economic crisis has no end in sight, i'd still be concerned about holding the bag when the high gold price ends (unless you happen to like gold jewellery).

arguably, gold fulfilled its role as a preserver of wealth from around 2005 to around 2010. plus a bit of speculation bonus to boot.

i suspect the forces have already shifted to the selling side.

i was a gold bull and made enough from gold and silver to put down the 20% deposit on my house. but i don't own gold any more.

if you'd bought gold at the last peak in the 80s, you'd have had to wait a loooong time to see your money again. just a case of buy low, sell high. gold price is high, even if it could go higher.

after all, would you happy to wait to cash out your gold in 2045?
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  #520  
Old 15.04.2013, 11:02
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Re: Gold Buying

down 7% today, after a 4-5% fall on Friday.

Looks like the big investors have decided to take their profits and run. the poor small investor is going to get crushed again. and so the game continues...
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