rich6400

That's the one! Thank you. http://www.tradingmarkets.com/.site/news/S...20News/1953842/ If the gold is kept in Switzerland, no counter party risk and delivery is possible, then I assume this compares with BV's product? Any thoughts would be much appreciated. BTW, I've had it with BV. I want to use a decent trading platform that is not a closed market. No stoploss and large spreads are not for me.

Can somebody help me? I read a few days ago that a new GOLD ETF is starting that allows the investor to take delivery should they want to. However, I cannot find the article now! Does anyone know about this? Can somebody provide a link and more info? Thanks

If things are so bad that gold trading is banned, then I hope I can swap a few coins for a house, or a car, or something like that. Being able to trade in that sort of climate would be difficult I agree. But if the UK government passes a law forcing the sale of gold holdings to them, (as what happened in the US during the great depression) then any UK resident with BV holdings would be stuck. This is unlikely to happen though, as fiat currencies aren't pegged to gold anymore. FWIW I prefer GoldMoney to BV. The setup of GM looks to be more risk adverse. EDIT: BV would be stuck too. They would have to relocate their business operations to a territory where trading is allowed and then take steps to ensure all UK residents are prevented from trading as well. :blink:

He means that the chances of taking delivery from BV are actually quite slim. Which is the whole point of holding physical rather than paper gold? - BV only seem to have 12kg bars. So if you hold less than 12kg then you hold a fraction of a single bar. Difficult to take delivery. - If the UK government ban gold trading then BV are in trouble. Whatever the assurances to the customer, if the directors face the prospect of jail time then I think I can guess which party they will support. Take physical ownership. Have your gold in your hands. If you are unsure, then I would suggest that you contact BV and ask what the procedure is for taking delivery of your gold. Good Luck!

Didn't somebody mention that the Swiss central bank was going to sell gold (and lots of it) to enable them to support UBS / Credit Suisse ? Pure speculation, however, it will be interesting if the Swiss announce something towards those two banks.

Weak US dollar. It cost less to convert foreign currency to US, so the price was about the same as it is today in euro / Swiss / GBP terms. 1000$ today for those currencies would be a lot more expensive than it was in March!

So, I thought I would have a quick look at pog.. Have a look yourselves... http://www.kitco.com/charts/livegold.html

Wikipedia is good for info. http://en.wikipedia.org/wiki/Gold_standard Essentially what happened is that the US government made it illegal to hold gold other than for jewellery purposes. They forced (compensated) the Americans to sell their gold to the state for around 20 dollars an ounce. The following year the US government announced that the price of gold was 35 dollars an ounce.