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  #841  
Old 14.05.2014, 18:55
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Re: Has Swiss National Bank sold all Swiss gold........ ?

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I suspect there may well be some truth to Turd's claim. At least the idea of having an audit is a good one.
...But (I fear) too little, too late — especially if the rest of the article is true.
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  #842  
Old 15.05.2014, 18:32
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Re: Has Swiss National Bank sold all Swiss gold........ ?

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...But (I fear) too little, too late — especially if the rest of the article is true.
I agree that slamming the barn doors shut after the horses have bolted is a waste of time. But right now we don't know IF they have bolted...that is, if the vaults are empty.
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  #843  
Old 15.05.2014, 21:53
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Re: Has Swiss National Bank sold all Swiss gold........ ?

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I agree that slamming the barn doors shut after the horses have bolted is a waste of time. But right now we don't know IF they have bolted...that is, if the vaults are empty.

Since the only way we would find out the truth is by defeating the secrecy and policies of nearly all the major central banks so I fear we will never know.
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  #844  
Old 20.06.2014, 00:23
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Re: Gold Buying

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I am not the only bear, 800 seen as fair value!
http://www.marketwatch.com/story/gol...nce-2013-04-16
Up almost 4% today @ $1,320; strange world!!
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  #845  
Old 20.06.2014, 08:24
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Re: Gold Buying

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Up almost 4% today @ $1,320; strange world!!
...and above the 50 and 200 day moving averages.
Today could well be interesting.
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  #846  
Old 24.06.2014, 11:56
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Re: Gold Buying

Oh my:
http://www.bloomberg.com/news/2014-0...-doubters.html

Well, you can't repatriate what isn't there anymore, anyway - right?
So let's just pretend all is peachy and business as usual...
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  #847  
Old 24.06.2014, 12:19
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Re: Gold Buying

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Oh my:
http://www.bloomberg.com/news/2014-0...-doubters.html

Well, you can't repatriate what isn't there anymore, anyway - right?
So let's just pretend all is peachy and business as usual...
Right near the bottom of the comments is one by a person mentioned in the test, Peter Boehringer of "Repatriate our Gold" in which he "sets the record straight".

I append his comment here:
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Peter_Boehringer • 20 hours ago

Just to set the record straight re this article in which my name is mentioned and in which I am quoted out of context:

a) Bloomberg uncritically cites statements of politicians and BuBa-bankers who have or give no proof whatsoever re the untouched whereabouts of the german Gold.

b) Re our campaign "Repatriate our Gold" www.gold-action.de/campaign.ht... : "On hold" does of course NOT mean that we are in any way satisfied with the current status of BuBa´s ongoing repatriation (far too slow and too little - only 5 tons came from NY in 2013! Not exactly a proof for the untouched existence of 1500 tons in a NY vault unaudited since 1950...). Our public campaign will therefore have to continue.

c) Almost no info in the article can be considered in any way "news". Simply because there has not been any material news in this context since early 2013.

d) Especially the headline is plainly false, because there has not been any change in BuBa´s (too slow) repatriation plans: at least 300+ tonnes will come from NY by end 2020. It is not much - but contrary to the headline, BuBa has NOT stopped the ongoing partial repatriation - enforced solely by public pressure!

e) The political party "Alternative for Germany" has never been part of our campaign - they can therefore not have been "rebuffed" as the article suggests.

f) The political party "FDP" has (with the exception of one (1) MP ) never demanded a repatriation - yet another false info in the article.

g) Some politicians cited in the article can not in any way claim to be "in charge" of the german gold hoard (abroad or not). This holds true for both Mr Barthle and for Mr Hardt: BuBa alone is in charge - and officially, BuBa is independent from political influence...

Summary: a "non-news" article with a wrong headline, strange interviewees, old news, and with a clearly apologetic ideological approach: the main purpose seems to be NOT to give space to the myriad of unanswered and extremely relevant questions BuBa and the Fed have been refusing to answer for decades. Pls read more at "Repatriate our Gold" http://www.gold-action.de/camp...

Peter Boehringer for
"Repatriate our Gold"
www.gold-action.de/campaign.ht...
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  #848  
Old 28.06.2014, 09:03
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Re: Gold Buying

Quote by John Hathaway from the KWN Blog...

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“There is a huge amount of confusion and misunderstanding about claims on gold and actually having physical gold -- they are two different things. And we’ve seen Germany’s follies. First the German government tried to get it (the gold). Then they couldn’t get it. And now they say they don’t want it. (Laughter ensues). You couldn’t make this up.
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  #849  
Old 28.06.2014, 09:54
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Re: Gold Buying

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Quote by John Hathaway from the KWN Blog...



The irony is no doubt the Germans will say the opposite.
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  #850  
Old 28.07.2014, 22:38
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Re: Gold Buying

Interesting snippet from Zero Hedge.

Financial Times deleted gold manipulation story that was too "sensitive".

From Zero Hedge
Here Is The FT's Gold Price Manipulation Article That Was Removed

Truth be told at times I really like the Yanks. LOL
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  #851  
Old 28.07.2014, 22:58
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Re: Gold Buying

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Interesting snippet from Zero Hedge.

Financial Times deleted gold manipulation story that was too "sensitive".

From Zero Hedge
Here Is The FT's Gold Price Manipulation Article That Was Removed

Truth be told at times I really like the Yanks. LOL
And after many telephone calls and emails one persistent guy got an answer "My persistence for nearly five months was then partly rewarded when I was told by the Customer Services office in a telephone call that the article had been withdrawn from the FT's Internet site because its subject was "a sensitive matter" but that the editorial team could provide no further details."

Also look here!

Last edited by marton; 28.07.2014 at 23:26.
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  #852  
Old 30.07.2014, 00:41
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Re: Gold Buying

Banks have announced a new gold fix process to be operational before year end, few hard details as yet.
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  #853  
Old 17.09.2014, 07:52
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Re: Gold Buying

By Ron Paul
Ron Paul Institute
September 16, 2014

Will The Swiss Vote to Get Their Gold Back?

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Just like the US and the EU, Switzerland at the federal level is ruled by a group of elites who are more concerned with their own status, well-being, and international reputation than with the good of the country. The gold referendum, if it is successful, will be a slap in the face to those elites. The Swiss people appreciate the work their forefathers put into building up large gold reserves, a respected currency, and a strong, independent banking system. They do not want to see centuries of struggle squandered by a central bank. The results of the November referendum may be a bellwether, indicating just how strong popular movements can be in establishing central bank accountability and returning gold to a monetary role.
IMO the chance of this referendum passing must be quite low, unfortunately.
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  #854  
Old 19.09.2014, 15:09
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Re: Gold Buying

I never would buy physical metal as investment, as long as there is not a war going on next door. It's just too heavy to carry around. Would prefer diamonds because of their small size, but that business is manipulation proof, so not an option either.
Guess the most reliable asset classes remain as in the past 100 years: stocks, bonds and real estate
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  #855  
Old 19.09.2014, 15:31
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Re: Gold Buying

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I never would buy physical metal as investment, as long as there is not a war going on next door. It's just too heavy to carry around. Would prefer diamonds because of their small size, but that business is manipulation proof, so not an option either.
Guess the most reliable asset classes remain as in the past 100 years: stocks, bonds and real estate
Trying to sell diamonds during a crisis is probably even more difficult than selling gold. It's difficult enough trying to sell during normal days.
At least, if you want to receive a decent price.

Gold is not supposed to be moved around, at least not at large scale.
<insert pic of Gerd Fröbe as Auric Goldfinger>
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  #856  
Old 19.09.2014, 15:38
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Re: Gold Buying

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I never would buy physical metal as investment, as long as there is not a war going on next door. It's just too heavy to carry around. Would prefer diamonds because of their small size, but that business is manipulation proof, so not an option either.
Guess the most reliable asset classes remain as in the past 100 years: stocks, bonds and real estate
  • 32 kilos of gold are roughly 1 million USD. That´s not excessively heavy? Especially during war, you have the possibility to move this 1m around, while your real estate just sits there waiting to be bombed.
  • Diamonds are "small size" and "manipulation proof", hence "not an option either"?
  • Personally I prefer named "stocks" + "bonds" + "real estate" too, but a war in central Europe isn´t included in my planning. I hope it needn´t be?

Last edited by ChrisNeedsToKnow; 19.09.2014 at 17:15.
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  #857  
Old 19.09.2014, 17:14
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Re: Gold Buying

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I never would buy physical metal as investment, as long as there is not a war going on next door. It's just too heavy to carry around. Would prefer diamonds because of their small size, but that business is manipulation proof, so not an option either.
Guess the most reliable asset classes remain as in the past 100 years: stocks, bonds and real estate
Buy even a good diamond today and take it back tomorrow and expect at most 50% of what you paid.
PS I once weighed out $20 bills and they were for the same value approx. the same weight as gold, BUT a lot more bulky.
PPS It's not for nothing that in European languages real estate is called Immobilien or similar. That is 'not mobile', i.e. you can't take it with you if you have to get out of Dodge in a hurry.
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Old 19.09.2014, 17:53
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Re: Gold Buying

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  • 32 kilos of gold are roughly 1 million USD. That´s not excessively heavy? Especially during war, you have the possibility to move this 1m around, while your real estate just sits there waiting to be bombed.

Actually, during a "real" war, you can probably only carry what fits in a large backpack or a handcart at max.
The mental picture of packing your important belongings (including 50kg of pure gold in various denominations) into a large, powerful, bulletproof SUV (and the rest into a trailer) and drive away to a safe place with them is .... overly optimistic.
Or at least, the window for doing so is very short.
E.g. Kuwait's elite was able to flee to Saudi-Arabia after Saddam invaded the country probably because they were well prepared and they didn't try to take much of their belongings with them.


Just turn on the TV - those who survive are usually those who were able to let go of their belongings and just save what they were wearing.
Even if you can carry some gold on you, chances are somebody at some checkpoint with a gun will rob it from you.

Plots of land will always be worth something - but as Germans have learned, they may not always end up in the same jurisdiction after a war has ended....and your ability to sell or develop said plot of land may be severely limited by political developments outside your control.
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  #859  
Old 19.09.2014, 17:55
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Re: Gold Buying

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Buy even a good diamond today and take it back tomorrow and expect at most 50% of what you paid.
PS I once weighed out $20 bills and they were for the same value approx. the same weight as gold, BUT a lot more bulky.
PPS It's not for nothing that in European languages real estate is called Immobilien or similar. That is 'not mobile', i.e. you can't take it with you if you have to get out of Dodge in a hurry.
About "expect at most 50% of what you paid." I would say 50% is optimistic; depends where you bought it of course.
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  #860  
Old 19.09.2014, 18:55
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Re: Gold Buying

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  • 32 kilos of gold are roughly 1 million USD. That´s not excessively heavy? Especially during war, you have the possibility to move this 1m around, while your real estate just sits there waiting to be bombed.
  • Diamonds are "small size" and "manipulation proof", hence "not an option either"?
  • Personally I prefer named "stocks" + "bonds" + "real estate" too, but a war in central Europe isn´t included in my planning. I hope it needn´t be?
Frankly, with he Ukraine situation, the economic environment and the trend to secession, war in Europe is now factoring in my planning. A backup outside of Europe could be prudent.
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