Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1021  
Old 15.10.2015, 08:53
Forum Veteran
 
Join Date: Aug 2011
Location: Baselland
Posts: 665
Groaned at 19 Times in 12 Posts
Thanked 464 Times in 294 Posts
spalebärg has a reputation beyond reputespalebärg has a reputation beyond reputespalebärg has a reputation beyond reputespalebärg has a reputation beyond repute
Re: Gold Buying

I see as of yesterday the USD gold price has climbed above its 200 day MA.
Edit: Silver as well.
Must be about time for the US monetary authorities to organize a slap down.
Reply With Quote
The following 3 users would like to thank spalebärg for this useful post:
  #1022  
Old 18.12.2015, 11:12
Texaner's Avatar
Forum Veteran
 
Join Date: Apr 2008
Location: Zentralschweiz
Posts: 2,047
Groaned at 99 Times in 89 Posts
Thanked 2,984 Times in 1,429 Posts
Texaner has a reputation beyond reputeTexaner has a reputation beyond reputeTexaner has a reputation beyond reputeTexaner has a reputation beyond reputeTexaner has a reputation beyond reputeTexaner has a reputation beyond repute
Re: Gold Buying

Naysayers and fans of fiat "money" parked on paper notwithstanding, now seems to be a fine time to buy the yellow metal, for those who fancy the stuff. There's no telling exactly what the US FED's rate hike will do, but the price of gold hasn't been this low since more than 5 years ago.

Gold Price

Raiffeisen
Reply With Quote
  #1023  
Old 18.12.2015, 11:30
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 20,904
Groaned at 446 Times in 340 Posts
Thanked 22,057 Times in 11,461 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
Naysayers and fans of fiat "money" parked on paper notwithstanding, now seems to be a fine time to buy the yellow metal, for those who fancy the stuff. There's no telling exactly what the US FED's rate hike will do, but the price of gold hasn't been this low since more than 5 years ago.

Gold Price

Raiffeisen
Gold has been an unfortunate speculative trade for 5 years, what makes you think it will do better over the next 5?

The Fed's hike will make the $ stronger, so all things being equal gold will become less attractive to speculators & the price will fall.

Inflation is not our of control, deflation seems more of a risk from where I am sitting, so little point in holding gold.

Gold may have a long term correlation however I think it's more a once a generation cycle , rather than short term due to speculators. The need to get bored after being wrong for 10/15/20/25 years so throw in the trowel.

Last edited by fatmanfilms; 18.12.2015 at 11:42.
Reply With Quote
This user would like to thank fatmanfilms for this useful post:
  #1024  
Old 18.12.2015, 11:39
Confloozed's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: Zurich
Posts: 4,801
Groaned at 104 Times in 91 Posts
Thanked 4,965 Times in 2,360 Posts
Confloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
Gold has been an unfortunate speculative trade for 5 years, what makes you think it will do better over the next 5?

The Fed's hike will make the $ stronger, so all things being equal gold will become less attractive to speculators & the price will fall.

Inflation is not our of control, deflation seems more of a risk from where I am sitting, so little point in holding gold.
Agreed. Just because gold is at a 5 year low, doesn't mean it will not reach a 10 year one as well. Hitting lows or highs are indicators of nothing.
Reply With Quote
This user would like to thank Confloozed for this useful post:
  #1025  
Old 18.12.2015, 11:45
Forum Veteran
 
Join Date: Aug 2011
Location: Baselland
Posts: 665
Groaned at 19 Times in 12 Posts
Thanked 464 Times in 294 Posts
spalebärg has a reputation beyond reputespalebärg has a reputation beyond reputespalebärg has a reputation beyond reputespalebärg has a reputation beyond repute
Re: Gold Buying

Apparently, in the US the 'Big Banks' are net LONG for the first time in ages. This basically is bullish for gold.
It will be confirmed exactly how LONG they are when the next COT figures are published (which when updated are - by design - 3 days out-of-date). But still it's better than a kick in the goolies.

PS I think the next data release will be today.
Reply With Quote
  #1026  
Old 18.12.2015, 11:50
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 20,904
Groaned at 446 Times in 340 Posts
Thanked 22,057 Times in 11,461 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
Apparently, in the US the 'Big Banks' are net LONG for the first time in ages. This basically is bullish for gold.
It will be confirmed exactly how LONG they are when the next COT figures are published (which when updated are - by design - 3 days out-of-date). But still it's better than a kick in the goolies.
So when did bank traders on overage beat the market? I think the young kids just thought it looked cheap as they probably never looked at a graph longer than 10 years
Reply With Quote
  #1027  
Old 18.12.2015, 11:56
Texaner's Avatar
Forum Veteran
 
Join Date: Apr 2008
Location: Zentralschweiz
Posts: 2,047
Groaned at 99 Times in 89 Posts
Thanked 2,984 Times in 1,429 Posts
Texaner has a reputation beyond reputeTexaner has a reputation beyond reputeTexaner has a reputation beyond reputeTexaner has a reputation beyond reputeTexaner has a reputation beyond reputeTexaner has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
...little point in holding gold...
Broken record.

An economy based on nothing but ever-increasing debt won't last forever. They never do. History says so. Manipulations may kick the can further down the road, but delaying the final reckoning only increases the cost. When paper inevitably returns to the price of paper, tangible commodities will be very much in fashion (and demand). History says so. And even if it happens to tarry beyond our lifetimes, our progeny will eventually either suffer or benefit from what we've passed on to them in the form of wealth.
Reply With Quote
  #1028  
Old 18.12.2015, 12:02
Forum Veteran
 
Join Date: Aug 2011
Location: Baselland
Posts: 665
Groaned at 19 Times in 12 Posts
Thanked 464 Times in 294 Posts
spalebärg has a reputation beyond reputespalebärg has a reputation beyond reputespalebärg has a reputation beyond reputespalebärg has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
So when did bank traders on overage beat the market? I think the young kids just thought it looked cheap as they probably never looked at a graph longer than 10 years
Agreed! But the "bank traders" are the The Specs not the 'big banks', ie the bullion banks. The bank traders are invariably on the losing side of the trade and right now are - subject to COT confirmation - net SHORT.
BTW it's not 'young kids' but so-called 'algos' that do most of these trades.

Correction: It's the Specs. that are most probably net short, not the commercials. Getting my terms mixed

Last edited by spalebärg; 18.12.2015 at 12:37. Reason: Terms !!!
Reply With Quote
This user would like to thank spalebärg for this useful post:
  #1029  
Old 18.12.2015, 13:22
Confloozed's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: Zurich
Posts: 4,801
Groaned at 104 Times in 91 Posts
Thanked 4,965 Times in 2,360 Posts
Confloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
Broken record.

An economy based on nothing but ever-increasing debt won't last forever. They never do. History says so. Manipulations may kick the can further down the road, but delaying the final reckoning only increases the cost. When paper inevitably returns to the price of paper, tangible commodities will be very much in fashion (and demand). History says so. And even if it happens to tarry beyond our lifetimes, our progeny will eventually either suffer or benefit from what we've passed on to them in the form of wealth.
Yes. Assuming there won't be discovered any of these commodities in vast amounts that will devalue them. And also, it's not true if you hold something long enough it's always better then what you can do with a profit now and reinvested into something else. Problem is, is greed. Which gets people to take un necessary risks and therefore holding can outweigh risk taking, but there is no guarantee what anything that can be held is eternally valuable.
Reply With Quote
  #1030  
Old 18.12.2015, 13:30
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 20,904
Groaned at 446 Times in 340 Posts
Thanked 22,057 Times in 11,461 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
Yes. Assuming there won't be discovered any of these commodities in vast amounts that will devalue them. And also, it's not true if you hold something long enough it's always better then what you can do with a profit now and reinvested into something else. Problem is, is greed. Which gets people to take un necessary risks and therefore holding can outweigh risk taking, but there is no guarantee what anything that can be held is eternally valuable.
The thing with gold is it does not grow, it's totally unproductive.
All the gold in the world is worth more than all the farm land in the US, over time that land is likely to produce more in cash than the land depreciates. If your looking for a long time hedge, that farm land is likely to do better over time than gold.
If your Looking to make money (texaner is not), I think the S&P 500 will out perform both farm land or gold over time.
Reply With Quote
  #1031  
Old 19.12.2015, 02:32
Texaner's Avatar
Forum Veteran
 
Join Date: Apr 2008
Location: Zentralschweiz
Posts: 2,047
Groaned at 99 Times in 89 Posts
Thanked 2,984 Times in 1,429 Posts
Texaner has a reputation beyond reputeTexaner has a reputation beyond reputeTexaner has a reputation beyond reputeTexaner has a reputation beyond reputeTexaner has a reputation beyond reputeTexaner has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
...there is no guarantee what anything that can be held is eternally valuable.
Eternally, no. But humanly speaking in the long term, gold has an historically unbeatable record versus fiat "money".

Quote:
View Post
The thing with gold is it does not grow, it's totally unproductive...
Which has to do with (greedy) profits, not stores of wealth. Your greed agenda isn't an automatic license to condemn those of us simply interested in an historically reliable store of wealth. A store of wealth, by definition, doesn't have to "produce" in order to do its job, your arbitrary presumption/demand to the contrary notwithstanding.
Reply With Quote
This user would like to thank Texaner for this useful post:
  #1032  
Old 19.12.2015, 12:46
Banned
 
Join Date: Feb 2014
Location: The World
Posts: 1,380
Groaned at 282 Times in 153 Posts
Thanked 1,115 Times in 636 Posts
Capo is considered unworthyCapo is considered unworthyCapo is considered unworthyCapo is considered unworthy
Re: Gold Buying

Quote:
View Post
The thing with gold is it does not grow, it's totally unproductive.
All the gold in the world is worth more than all the farm land in the US, over time that land is likely to produce more in cash than the land depreciates. If your looking for a long time hedge, that farm land is likely to do better over time than gold.
If your Looking to make money (texaner is not), I think the S&P 500 will out perform both farm land or gold over time.
Gold is an important asset for diversification. Ray Dalio, one of the most successful hedge fund manager of all times, holds gold.
Reply With Quote
  #1033  
Old 19.12.2015, 13:25
MrVertigo's Avatar
Forum Legend
 
Join Date: Feb 2010
Location: CH
Posts: 3,200
Groaned at 86 Times in 70 Posts
Thanked 5,788 Times in 2,254 Posts
MrVertigo has a reputation beyond reputeMrVertigo has a reputation beyond reputeMrVertigo has a reputation beyond reputeMrVertigo has a reputation beyond reputeMrVertigo has a reputation beyond reputeMrVertigo has a reputation beyond repute
Re: Gold Buying

how do you buy gold? Don't want to have gold bars and worry about securing them.
Reply With Quote
  #1034  
Old 19.12.2015, 13:35
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 20,904
Groaned at 446 Times in 340 Posts
Thanked 22,057 Times in 11,461 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
how do you buy gold? Don't want to have gold bars and worry about securing them.
You have to pay to keep it in a bank vault & for insurance so it had a negative return. Good luck with that over 50 years.
Reply With Quote
  #1035  
Old 20.12.2015, 18:16
Texaner's Avatar
Forum Veteran
 
Join Date: Apr 2008
Location: Zentralschweiz
Posts: 2,047
Groaned at 99 Times in 89 Posts
Thanked 2,984 Times in 1,429 Posts
Texaner has a reputation beyond reputeTexaner has a reputation beyond reputeTexaner has a reputation beyond reputeTexaner has a reputation beyond reputeTexaner has a reputation beyond reputeTexaner has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
how do you buy gold? Don't want to have gold bars and worry about securing them.
Then (may I suggest) don't buy them! If you buy something of value, it's not at all unreasonable to expect that you — the buyer and new owner of the commodity — accept responsibility for its security. There's insurance coverage as well (of course, this being Switzerland).
Reply With Quote
  #1036  
Old 20.12.2015, 18:26
Confloozed's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: Zurich
Posts: 4,801
Groaned at 104 Times in 91 Posts
Thanked 4,965 Times in 2,360 Posts
Confloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond repute
Re: Gold Buying

Or you could do this...
Not only safe place for storing, but also functional...
Reply With Quote
  #1037  
Old 20.12.2015, 19:06
Senior Member
 
Join Date: Apr 2015
Location: Port-Valais (was SFO)
Posts: 396
Groaned at 5 Times in 3 Posts
Thanked 274 Times in 156 Posts
Caryl has an excellent reputationCaryl has an excellent reputationCaryl has an excellent reputationCaryl has an excellent reputation
Re: Gold Buying

Quote:
View Post
You have to pay to keep it in a bank vault & for insurance so it had a negative return. Good luck with that over 50 years.
I bought one of those Rondo safes http://www.rondo.ch/front_en/home and I defy anybody to break into my basement and rob my gold bars.

Glenn Beck told me...
Reply With Quote
  #1038  
Old 20.12.2015, 19:40
marton's Avatar
Forum Legend
 
Join Date: May 2008
Location: Kt. Zürich
Posts: 10,554
Groaned at 470 Times in 403 Posts
Thanked 19,349 Times in 10,216 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
I bought one of those Rondo safes http://www.rondo.ch/front_en/home and I defy anybody to break into my basement and rob my gold bars.

Glenn Beck told me...
A challenge! and the address of your basement is?
Reply With Quote
This user would like to thank marton for this useful post:
  #1039  
Old 20.12.2015, 20:02
Senior Member
 
Join Date: Apr 2015
Location: Port-Valais (was SFO)
Posts: 396
Groaned at 5 Times in 3 Posts
Thanked 274 Times in 156 Posts
Caryl has an excellent reputationCaryl has an excellent reputationCaryl has an excellent reputationCaryl has an excellent reputation
Re: Gold Buying

Quote:
View Post
A challenge! and the address of your basement is?
Don't ask.

Suffice to say, I got to wondering a year or so ago what happened to all the 105 pupils in my Sixth Grade class 60+ years ago. So I got their names (published in the local paper, now long defunct but still archived) and spent some hours on line.

16 are deceased. Some are doctors, lawyers, etc. One is the spouse of a Christian publisher who sold his company for hundreds of millions. One is a felon convicted of murder.

We have no secrets. Not anymore. http://www.nytimes.com/2012/06/17/te...marketing.html

La vie privée est foutue.
Reply With Quote
This user would like to thank Caryl for this useful post:
  #1040  
Old 20.12.2015, 21:48
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 20,904
Groaned at 446 Times in 340 Posts
Thanked 22,057 Times in 11,461 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
I bought one of those Rondo safes http://www.rondo.ch/front_en/home and I defy anybody to break into my basement and rob my gold bars.

Glenn Beck told me...
All a safe does is takes the robbers a few more hours. The safe at work has a 1,000,000 overnight rating, it weighs 1 ton. It could be opened in under 12 hours if someone really wanted to.
Reply With Quote
Reply

Tags
gold, swiss franc




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
GOLD - Int'l recognition of swiss gold coins? Uncle GroOve Finance/banking/taxation 19 19.08.2011 18:04
Buying gold in Zurich Tiger Other/general 27 07.11.2010 14:21


All times are GMT +2. The time now is 12:30.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0