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  #1181  
Old 26.06.2019, 14:04
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Re: Gold Buying

Hi,


That depends on the amount you purchase, for example



500 gr 99.9 Gold bar - buy=21340 sell=20870


100 gr 99.9 Gold bar - buy=4570 sell=3800


more info: https://www.sincona-trading.com/edelmetall-preise.html


Regards, Henk
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  #1182  
Old 01.07.2019, 11:23
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Re: Gold Buying

There was an article the other day in L'AGEFI (the Swiss French business paper) about an on-line dealer based in Geneva that is a spin-off of MKS PAMP Group.
They mention that they take only 1-2% on the purchase and sale of precious metals. They also offer the possibility to stock the gold etc. with them.

I have not dealt with them so you will need to do your own due diligence. It could be an option for certain of you.

Link: https://www.goldavenue.com/
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  #1183  
Old 19.07.2019, 11:37
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Re: Gold Buying

In the news (Guardian) today:


"
Gold, that perennial barometer of investor nervousness, has hit a six-year high today.
Bullion jumped through $1,450 per ounce for the first time since May 2013, extending its recent gains.
This means gold has now surged by 25% since last August, a sparkling run that outpaces most other assets."
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  #1184  
Old 22.07.2019, 20:27
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Re: Gold Buying

I just heard a podcast that hammered on the "short stocks, long gold" message in the face of impending global crisis.

Thoughts?

https://player.fm/series/off-the-cha...obal-recession
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  #1185  
Old 22.07.2019, 20:57
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Re: Gold Buying

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I just heard a podcast that hammered on the "short stocks, long gold" message in the face of impending global crisis.

Thoughts?

https://player.fm/series/off-the-cha...obal-recession
Been hearing the same thing every year for 20 years, gold peaked in 2012, £1000 invested in Fundsmith then would be worth £3500-4000 today. We have had plenty of crisis's since 2012 & will continue to have them like clockwork. Last sell off of equities was last quarter 2018.
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  #1186  
Old 30.07.2019, 06:54
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Re: Gold Buying

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Been hearing the same thing every year for 20 years, gold peaked in 2012, £1000 invested in Fundsmith then would be worth £3500-4000 today. We have had plenty of crisis's since 2012 & will continue to have them like clockwork. Last sell off of equities was last quarter 2018.
During the ups and downs of that 20 year period the gold price increased by roughly 8x. Even now the price is roughly 6 times higher. Sorry, what was your conclusion? Oh, you were cherry picking a particular period when some shares went up around 4x.
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  #1187  
Old 30.07.2019, 07:18
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Re: Gold Buying

In addition, I note that the Europeans have cancelled their ca. 20 year-old agreement to coordinate gold sales. I don’t really know but suspect there is something more ominous behind this statement. Most probably their motivation is to hide the fact that they surreptitiously sold off more of their gold reserves than they say and replaced them by lease agreements. Lease agreements that today will never be honoured because the gold is in China, Russia or wherever and it will never be coming back. Ha ha the Italians are asking for gold back from the EU that has long disappeared. The question is since Switzerland was also party to that agreement how many tons of Swiss gold is really made of metal or is it paper?
When the truth slowly percolates out I suspect the gold price will continue its steady rise upwards.
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  #1188  
Old 30.07.2019, 09:25
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Re: Gold Buying

https://uk.reuters.com/article/uk-eu...-idUKKCN1UL1QL
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  #1189  
Old 30.07.2019, 10:02
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Re: Gold Buying

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During the ups and downs of that 20 year period the gold price increased by roughly 8x. Even now the price is roughly 6 times higher. Sorry, what was your conclusion? Oh, you were cherry picking a particular period when some shares went up around 4x.
You seem to have forgotten that gold hit $850 in 1980 which converted to CHF was around 1600 thats more than today 39 years later. So much for a store of value. Conclusion equities beat gold over the long term.
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  #1190  
Old 30.07.2019, 10:14
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Re: Gold Buying

There's also the question about the "21 trillion unsupported adjustments" at the Pentagon and HUD.


The problem is that at this point, one can't really be sure that a large part of that money hasn't been spent for real.
If for no other reason than having a "rounding error" several times the size of your actual budget each year is a bit suspicious.


So, it would be no surprise if gold kept creeping up in value, as nation states and rich individuals keep buying it, just in case.
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  #1191  
Old 27.08.2019, 11:11
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Re: Gold Buying

Another "alert", this time from UBS Wealth Management = https://www.zerohedge.com/news/2019-...nancial-crisis

Gold ETFs or basket of equal parts Berkshire, Fundsmith, Smithson?
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  #1192  
Old 27.08.2019, 11:43
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Re: Gold Buying

Do you think right now is good time to buy Silver for thus who who want to get into the precious?

Silver/Gold ratio is now very low, 86 onces of silver buys one ounce of gold currently. Silver right now is very cheap 17 usd per ounce, compare to its peak when it cost around 50 usd.

There are signals that ECB/SNB will go lower into negative territory and FED in future as well. This means that at some point they will charge all deposits with negative interest. On top of that in developing countries strong trend for cashless payments, so you will not be able to hide in hard cash anymore. Taking all above I think Gold and Silver shall be very attractive place to keep money? What do you think about this trends?
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  #1193  
Old 27.08.2019, 11:46
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Re: Gold Buying

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Another "alert", this time from UBS Wealth Management = https://www.zerohedge.com/news/2019-...nancial-crisis

Gold ETFs or basket of equal parts Berkshire, Fundsmith, Smithson?
As a long term investor you can ignore the noise, Tullet Prebon Pension fund returned a 13.35% compound rise (211%) from 4/12/03 to 31/12/12 so covering the financial crisis. Whilst the market could collapse tomorrow it could take a further 3 or 4 year or more in which time your investments could have grown 100%.

Equities correct & crash on a regular basis, imagine selling on 22.12.18 believing it was the start of something big......
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  #1194  
Old 23.12.2019, 15:15
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Re: Gold Buying

Just ordered 2 x 100gr gold bars from Degussa and paid with bank transfer. Should be getting an email in a day or 2-3 to come pick it up at their office in Zurich.

Overall a pleasant transaction so far. I want to see their facility but may opt in the future for their option to just have it delivered: 25 CHF is very reasonable considering time saved to not have to go into town.

I chose to dip the toe in the water to start gradually building a small portfolio of precious metals to diversify from my other investments. What I intend to do is just buy roughly 10k CHF worth each year in December the next 15 years or so.
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  #1195  
Old 23.12.2019, 15:33
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Re: Gold Buying

Well, you'll probably have about Chf 150k give or take a bit in 10 years time
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  #1196  
Old 23.12.2019, 15:36
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Re: Gold Buying

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Well, you'll probably have about Chf 150k give or take a bit in 10 years time
Perhaps, but I appreciate diversification: real estate, cash, precious metals, shares, and also art and other collecting interests.

This appreciation tends to grow as your assets increase.
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  #1197  
Old 23.12.2019, 17:08
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Re: Gold Buying

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Well, you'll probably have about Chf 150k give or take a bit in 10 years time
How much is that in Drachmas, or Pesos or Reichmarks?

It is likely that there will be a global currency reset at some point in the next 15 years. It makes no sense to speculate on the future price in a currency that might not exist.

Global currency reset
At some point a heavily indebted Western country will find its currency in a financial panic. It will restart the clock, issuing a new “sound” currency to replace the old one that nobody wants.

When the first major currency does it, it will be virtually impossible for other countries to escape the same thing. New dollars will replace old dollars, new pounds will replace old pounds, new euros, francs, lira or marks etc will replace old euros, and so on.

Maybe the gold will be worth CHF150k in NEW francs, but the old franc we have today, could be practically worthless after the global currency reset. Yes, I know that the SNB and Swiss Government have very sound finances, but when the first major economy resets its currency, there will be no economic area on the planet which won’t find itself forced to do the same thing. Even financially sound Switzerland will find its old dollars, euros and pounds can’t be sold, and a currency reset here will be unavoiidable.

Example of the next currency reset
If you are a US citizen living in the USA you’ll find the first $5000 of your bank account converted to NEW dollars at 1:1. The rest will be stuck in old dollars. The average American doesn’t have that much cash so he won’t care. If he has a mortgage or some credit card debt, it will stay in old dollars, and he will be laughing with joy.

In Switzerland I reckon you will get more converted to NEW francs. Perhaps CHF100K, but certainly not CHF 1.5 million.


Gold is immune to curreny resets
History shows that the average lifespan of a currency is around 20 to 30 years. There are very few currencies that survived 100 years, Those few that did survive are only worth a fraction of what they once were. Yet throughout time gold has been a permanent store of value, surviving every currency devaluation and every currency reset.

How your currency devalued (British Pound)

Year. Price of a pint of beer. Vs Price of 3 bed Victorian Semi-detached house in Wood Green, London


1900. 1 penny. / £110

1950. 1 shilling. / £1’300

1970. 8 shillings. / £12’500

1990. £1.06. / £55’000

2010. £2.75. / £225’000

2019. £4.50. / £525’000
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  #1198  
Old 13.01.2020, 22:55
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Re: Gold Buying

Again thinking about buying gold (and renting a safe deposit box).
No interest in paper-gold.


However, there's preciously (ha!) little information about the actual process of acquiring it on ZKB's website.

Most banks don't want you to have it anyway and don't invest into it beyond a token 5%.

I don't really want to buy small coins because they're hideously expensive and the spread is mad.

I needed to consult wikipedia:

https://en.wikipedia.org/wiki/Gold_bar

to learn that the "Good Delivery" gold bar that you see in e.g. "Goldfinger" is actually 440 ounces or over 12kg or about 620000 USD worth of money (if I calculated correctly).
Though it looks like as if buying 1kg bars is also not that much more expensive (and a bit more affordable).

I'm just weary that these days everybody seems hell-bent on investing in stocks either directly or indirectly (via ETFs).

There's no direct ROI, but my savings account doesn't have one either.

Is there a scenario (except for outright criminalization of ownership) where the value of gold could significantly fall?
Though, that assumes that the price of gold is in itself a pure product of a perfect market (which has been shown to be not the case in the past and there's no indication as to whether anything has changed about that).
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Old 13.01.2020, 23:06
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Re: Gold Buying

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Is there a scenario (except for outright criminalization of ownership) where the value of gold could significantly fall?
Though, that assumes that the price of gold is in itself a pure product of a perfect market (which has been shown to be not the case in the past and there's no indication as to whether anything has changed about that).
When it goes out of fashion as it did after it's peak of around $800 in 1980, it then lost more than 75% of it's value in real terms, it's never recovered in real terms since.
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  #1200  
Old 13.01.2020, 23:11
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Re: Gold Buying

My experience with ZKB is that you just go into your local branch and tell them what you want. When you want to sell you go into the branch and hand it over.

So far as I remember they had 20g, 50g, 100g and 1Kg bars available
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