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  #1121  
Old 31.07.2016, 16:44
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Re: Gold Buying

In May 2016 the US imported 20.7 mt of gold from Switzerland.
One commentator suggested the amount is roughly the same as the amount being stood for delivery at the COMEX which is much much higher than normal.
Nowadays it appears during gold and silver ‘take downs’ there are new players with deep pockets on the long side. China? Ruskies?
Since the US ‘supposedly’ has 8000 tons of gold tucked away one could ask why it needs to import gold from Switzerland.
Is the threshold of “empty vaults running on fumes” now approaching?
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  #1122  
Old 03.08.2016, 10:16
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Re: Gold Buying

Mr. Yen Sees Rally Toward 90 per Dollar Spurring Intervention

Since gold often moves inversely to USD/JPY this suggests a much higher price of gold.

At present the currency pair is around 101 with gold at 1370.
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  #1123  
Old 07.09.2016, 21:04
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Re: Gold Buying

Anybody buy gold or silver from Gold Professionally AG or their subsidiary Gold Professionally Austria GmbH?
They run a service to buy precious metals and store them for you.

The Swiss authority FINMA has forced Gold Professionally AG into liquidation because they are not happy that the precious metals are actually stored anywhere.

There was an inventory audit by a Zürich lawyer, Theodore G. Seitz, last October that showed everything was OK but he says it was an audit of the company records; not an actual physical check of stocks.

Source (German language).
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  #1124  
Old 07.09.2016, 21:21
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Re: Gold Buying

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Anybody buy gold or silver from Gold Professionally AG or their subsidiary Gold Professionally Austria GmbH?
They run a service to buy precious metals and store them for you.

The Swiss authority FINMA has forced Gold Professionally AG into liquidation because they are not happy that the precious metals are actually stored anywhere.

There was an inventory audit by a Zürich lawyer, Theodore G. Seitz, last October that showed everything was OK but he says it was an audit of the company records; not an actual physical check of stocks.

Source (German language).
It seems that a gold bullion backed ETF sponsored by the Deutsche Bank (Xetra-Gold) which promises clients the service of a physical delivery of their gold on demand, has had some difficulties meeting this promise:
http://www.marketslant.com/articles/...ry-allegations

There is a lot more paper gold out there than real gold. One day, there could be a big problem if people start losing confidence and want to get their hands on the real stuff.
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  #1125  
Old 07.09.2016, 22:01
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Re: Gold Buying

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It seems that a gold bullion backed ETF sponsored by the Deutsche Bank (Xetra-Gold) which promises clients the service of a physical delivery of their gold on demand, has had some difficulties meeting this promise:
http://www.marketslant.com/articles/...ry-allegations

There is a lot more paper gold out there than real gold. One day, there could be a big problem if people start losing confidence and want to get their hands on the real stuff.

But this has been alleged so often already that it can hardly come as surprise to anybody, if (or rather when) it will happen.
Those bonded warehouses are booming not only for tax reasons...
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  #1126  
Old 01.10.2016, 12:01
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Re: Gold Buying

From a Bloomberg story:
"Deep in the Swiss Alps, next to an old airstrip suitable for landing Gulfstream and Falcon jets, is a vast bunker that holds what may be one of the world’s largest stashes of gold."

http://www.bloomberg.com/news/articl...-bank-accounts

The location of this gold vault and airstrip is secret according to the article. However, since a Gulfstream normally needs around 5,000 feet to take off and land and Switzerland is not a large country, you wouldn't think it should be too difficult to determine where it is. Except that there are 17 former military airports in the country:

https://old.hermannkeist.ch/ausgemus...ugplaetze.html
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  #1127  
Old 01.10.2016, 13:40
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Re: Gold Buying

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From a Bloomberg story:
"Deep in the Swiss Alps, next to an old airstrip suitable for landing Gulfstream and Falcon jets, is a vast bunker that holds what may be one of the world’s largest stashes of gold."

http://www.bloomberg.com/news/articl...-bank-accounts

The location of this gold vault and airstrip is secret according to the article. However, since a Gulfstream normally needs around 5,000 feet to take off and land and Switzerland is not a large country, you wouldn't think it should be too difficult to determine where it is. Except that there are 17 former military airports in the country:

https://old.hermannkeist.ch/ausgemus...ugplaetze.html
I was wondering what to do this weekend!
Just need to dig out my metal detector and crowbar
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  #1128  
Old 16.05.2017, 21:32
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Re: Gold Buying

This post on another thread might interest some of you...

New Gold Pool at the BIS Basle, Switzerland: Part 1
https://www.englishforum.ch/2787235-post23.html
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  #1129  
Old 19.06.2017, 13:54
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Re: Gold Buying

Has anyone had experience of posting gold coins to the UK in small quantities (10 to 20 sovereigns)?
I looked at using Swiss Post but their rules do not allow gold to be sent through their service. I see Fedex and UPS should be able to do this.
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  #1130  
Old 19.06.2017, 14:09
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Re: Gold Buying

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Has anyone had experience of posting gold coins to the UK in small quantities (10 to 20 sovereigns)?
I looked at using Swiss Post but their rules do not allow gold to be sent through their service. I see Fedex and UPS should be able to do this.
VAT will be payable AFAIK.
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  #1131  
Old 19.06.2017, 16:18
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Re: Gold Buying

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VAT will be payable AFAIK.
Not sure if it will always be so but Chard says in Jan. 2000 VAT was abolished on gold Sovereigns.

https://goldsovereigns.co.uk/taxfree.html
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  #1132  
Old 14.01.2018, 18:10
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Re: Gold Buying

Gold (in CHF) touching its highest for over 4 years.

Might be driven by unexpected increase in domestic US inflation.
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  #1133  
Old 14.01.2018, 18:45
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Re: Gold Buying

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Gold (in CHF) touching its highest for over 4 years.

Might be driven by unexpected increase in domestic US inflation.
It's weakness in CHF v USD
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  #1134  
Old 14.01.2018, 20:14
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Re: Gold Buying

Actually gold in USD is also very close to a breakout level. The price now is $1337. The first resistance level is only $8 away at $1345. That peak was built in the middle of 2017. That $1345 level could be tough to break, but if it does, then the next resistance level is $1366. This is from more than 2 years ago, which means it is now only weak resistance.

If we break $1366, then it’s plain sailing to over $1’600, by which time everyone will be increasing their weighting.

What’s driving the rise?

- We have all major economies recovering and demand increasing. Demand for resources is rising, as are prices. This will feed through to PPI and later CPI. Gold tends to rise at the first whiff of inflation.
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  #1135  
Old 16.06.2018, 19:51
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Re: Gold Buying

For the gold fanatics, the latest 'in gold we trust' is out:

https://ingoldwetrust.report/igwt-2018-en/?lang=en
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  #1136  
Old 29.11.2018, 18:51
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Re: Gold Buying

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If we break $1366, then it’s plain sailing to over $1’600, by which time everyone will be increasing their weighting.
On April 11 2018, Gold broke your magic barrier and hit $1369. Which is most likely also this year's high. In the meantime it went down bellow $1200 and is now a bit up at $1231. So much for your chart voodoo and "sailing over $1600".
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  #1137  
Old 29.01.2019, 10:50
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Re: Gold Buying

Gold back over $1300 again!

Probably thanks to Trump causing uncertainty in the stock markets.
US stock futures pointing down again but in these uncertain times that could change rapidly
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  #1138  
Old 29.01.2019, 13:41
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Re: Gold Buying

bought some for $1182 2 months ago, expecting it to soar in the coming years as dollar will be replaced as main currency and peak gold
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  #1139  
Old 29.01.2019, 20:08
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Re: Gold Buying

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bought some for $1182 2 months ago, expecting it to soar in the coming years as dollar will be replaced as main currency and peak gold
Hahaha I just love goldbugs
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  #1140  
Old 19.02.2019, 22:43
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Re: Gold Buying

Gold over $1340 now, I thought it was down to the falls in US stocks but they seem to be recovering quite well.

Gold futures are also higher.

US stock market was closed today, what will tomorrow bring?
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