swissie

Like all former Soviet-Satellite States. They have smelled the sweet taste of the European monetary "flesh pots". Otherwise they have nothing in common with Western European Values. Their hearts beat for the western "flesh pots" as well as the new Tsar. Western Europe needs none of such "new members".

Thanks for calculating this for me. I expected something like that. If Elon should have to leave the country in a hurry, he would not leave the country with 9000 trucks in his wake, heading for Eastern Timbukto.😉 Like I said, Siler is too heavy and costs too little. Rats!

Yes indeed, Gold did "slip back a little" during 1980 and 2000. Storage: Private Gold Dealers spring up like mushrooms, offering to store the purchased Gold in their "vaults" in your name for an amazingly small annual fee. Hands off! Take your Gold to a place not associated with the shop you bought the Gold from. Especially if the Gold shop is located somewhere in S/E Asia.

It was the Hunt Brothers. Silver. With the help of "Bache" as their broker. (Later called Bache Prudential). Don't know what happened to Bache Prudential nor the Hunt Brothers. But as I remember, it wasn't a happy ending for the Hunt Brothers.

That's the problem with Silver as a store of value: It weighs too much and costs too little. It's robbing me of my sleep: How many truckloads of Silver would Elon Musk need once he converts his paper Dollar assets into Silver?

Currently Silver is trying to "catch-up" with Gold. Trying, well understood. The fact, that Silver is a store of value as well as a industrial metal is both a blessing and a curse. In a global recession, the "industrial metal part" will likely become a "curse". Unless "the markets" realise that Silver is undervalued by any standarts. Only then, Silver can shine with a "stellar performance", as has happened before.

This is exactly why I started this thread. = Bear markets in Gold DO happen. Above chart shows a peak in 1980 @ $ 2400, finding a bottom in 2000 @ $ 400. A 20 year long bear market. During this time, Gold-Bugs were not "happy campers". The 1980 peak was the result of high inflation. Today, it's global "uncertainty" and the reckless deficit-spending of most coutries that supports the price of Gold. As there is no reversal of this constellation is in sight, Gold will remain "well supported". Me thinks. But lo and behold, we have a miracle worker in the White House. If he manages to cure the world, Gold may again enter a 20 year bear market.😊

THX. Interesting. I calculated the Bid/Ask price for this product. I arrive at a little over 7%. Compared to other Gold products I find this spread "reasonable". Something worth looking at.

I DO own Gold. I never said otherwise.

If only you would have included a long term chart displaying the US Dollar versus the Swiss Franc.Then you would know how much I suffer, as a good part of my investments are still denominated in US Dollars. In the mid-sixties, the Dollar was 4:1. When I moved to the US in 1978 the Dollar was down to 1,6 to 1. That's when I made major investments in the US. Today it's something like 0.8 to 1. Needless to say that the yield of my investments in the US were greatly "watered down" due to the fact that the US Dollar was in a steady decline versus my "home currency" over decades, as I returned to my home country. The fact, that the Swissies were able to keep a "state household" in balance, not accumulating much "Dept" (as opposed to everyone else) has turned the Swiss Franc into something like an alternative to Gold. Making the Swiss Franc "expensive". Making our exports too expensive for the rest of the world. A strong currency can be a blessing or a curse. In the case of Switzerland it is likely to turn out as a curse. The wolfes will eventually overpower the trusty sheep dogs, leaving the sheep defensless.

It always starts with "I love you maak maak". The investments in the sticks come afterwards. Anything new?

Silver? Or BItcoins? Or Tulips? During 1633 and 1637 there was the Tulip mania in Holland. With a Tulip seed one could buy a house. It had the intrinsic value of a Tulip Seed at least. Bitcoins intrinsic value consist of the air that's in my cars tires. First choice is Silver, second choice is Tulips for me . Bitcoin a distant 77.

Thanks for reply. Does that mean that I could no more buy 100 sacks of potatoes with a 1 kilo Gold bar at the local market, without being qualified as an "enemy of the state"? AFAIK, most European Countries will still allow for a "cash economy", limiting cash transfers to 10'000 Euros. Please elaborate. I consider something like this as a serious matter concerning EVERYBODY alive.

Call me an ignorant: What are SHTF's and CBDC's? I hope it's something immoral.

The reason that I started this thred was that a "reputable banker" recommended to my 82 year old frind, that he should invests 30% of his assets in Gold. = IN THE LONG TERM YOU CAN't LOSE WITH GOLD. I don't know how much "long term" my 82 year old friend has left. The Banker seems to be optimistic.

Sorry, What are CBDC's? If it's shares of "houses of ill repute" I will sell my Gold and invest in CBDC's.

A very respected profession. Like "voodoo-priests" in Africa.

I am starting to feel a bit uneasy. More and more "financial advisors" pushing Gold as a uncontested "store of value", a "safe harbor". The "can't lose" syndrome making the rounds. Those financial advisors forgetting to mention, that Gold has gone thru "bear markets". The last one lasting from July 2011 to December 2015. From $ 1830 down to $ 1060. Not sure if Gold holders considered Gold as a store of value during this time. Let's face it, Gold is a metal (a commodity if you will) it's value measured in US$ daily. Supply and demand, just like in any other commodity. I find it disturbing that increasingly financial advisors are recommending Gold to small investors as a "can't lose" investment.

10 year US bonds hitting 5%. Getting more epensive to service the national dept. So what, many say. What "the financial community" has preferred to overlook is: To service the dept (interest on outstanding dept) is number 3 as part of the annual US budget deficit. Let this melt on your tongue = the 3rd largest outlay of the federal budget deficit consists of paying interest on outstanding dept !!! Amazingly, never making it into the "Financial News".

Not a bad idea to be some sort of "prepper". Like you, folks living in rural/farming aereas can better "prepare" than city folks. Also: If things really turn bad, it is better to show up at the (remaining) food markets with some Silver coins, instead of a 1 kg Gold bar. But not to forget, if things really turn bad, city dwellers will rush to the countryside, just looking for food. Plundering the food resources of the farmers. There are the extreme Preppers: Storing essential stuff in a bunker, so they can last for 2 years or more. Only problem: The location of their bunkers are known. So it won't be long before some hungry folks will manage to blow a hole in the bunkers outer wall. The rest of the story will be nasty.... I personnally hope, that "the rulers of the world" manage to postpone such events during my lifetime. I would hate to go to the market with 2 Silver coins in my pocket to buy 2 potatoes.

Before, something like that was only possible in some Banana Republic. Congress & Senate caving in in the face of the new "Imperator". The age of "checks and balances" has come to an end. Republicans under the spell of their master in the oval office. Afraid of opposing some executive orders, as strange as they may be. Fearing for their political career, if they show the slightest singn of dissaproval. Under these circumstances, American democracy must implode. Hopefully, the day will come when the current "make America great again" will be replaced by "make America sane again".

No. Every Europen Bank is connected to the worldwide "SWIFT" transfer code. Making monetary transfers visible in case something went wrong. Is that news for you?

Leaving politics aside and what policies Donald applies for a change. For the first time in their history "the little people of America" have a guy in office that talks like them, acts like them and thinks like them. Furthermore they admire him for his wealth, considering the fact that he had to start out with only with a measaly 200 Million $ from his dad to realise his American Dream. (How much of his wealth consists of bank loans is not of interest to his worshippers). Except for Elon Musk, few intellectuals and few helmsmen of large US companies see any long therm benefits resulting from Donalds economical "visions". Worldwide, news commentators have been asking the Oracle of Delphy "why was Donald voted into office once more"? The Oracle of Delphy replied: No one before talked, acted like us "little people before". "HE IS OUR GUY", at last. Not to forget, that before Donald, since the birth of the US, presidents originated mostly from a east coast elitarian "pseudo aristocracy" or people with massive financial backing. But not one of them talked and acted like Donald. That's Donald's "magic potion" that has mesmerised half of the voters. For the first time, the "little people" of the US feel truly "represented". I sincerely hope that Donald's Magic will help the little people of the US that they will not need to work 2 to 3 jobs by persueing the American Dream.

This thread sails under "Problem Nr 1 here, payment problems". No other problems here are more present in this sub-forum. I rest my case.

In the case of Silver, I would like to add that for the 3rd year in a row Silver demand has outpaced Silver production. Of course, something like that doesn't make the headlines. But this is exactly the constellation for another typical Silver outburst on the upside. This time not needing any "market cornering" as before, just the fundamentals sinking in. According to the current pricing of Silver, those fundamentals have not yet "sunk-in".