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ziknik

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Posts posted by ziknik

  1. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Which is why I don't have any holdings in London. I bought a few grams there by mistake but have sold those again on this latest uptick.

     

    However, if there is gold confiscation, will there also be restrictions on travel that would prevent me going to Switzerland to pick the stuff up?

     

    BV is a Company registered in England & Wales. It doesn't matter where your gold is. If there is confiscation, BV will hand it over. The Swiss Government will not stop BV handing gold over to the UK government (?)

     

    GM is a Company Registered in Jersey. It's maybe a little bit safer than BV. But I imagine GM will turn over the gold if they are labelled as a terrorist organisation and have all their bank accounts frozen.

  2. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Now then, now then. Caaaaam down, caaaam down!

     

    Could we just have a bit of a reasoned debate about BV for a moment.

     

    Is there something in this allocated, insured physical gold holding in Zurich that I'm not getting?

     

    If BV go bankrupt, I still own my gold (although it might take a little while to get hold of it). My gold is not an asset of BV.

     

    If Viamat go bankrupt, I still own my gold (although it also might take a while to get hold of it). The gold in its vaults is not an asset of Viamat.

     

    I'm noticing an increasing number of comments about "electronic gold" or "paper gold". Can anyone convincingly explain that the service BV offers falls into either of these categories? Or am I going to have to fly to Zurich and see the contents of the Viamat vault for myself? In short, does anyone have any evidence that BV does not do exactly what they say they do i.e. hold physical gold securely on behalf of the rightful and legal owners?

     

    Are you 100% sure it is 'your gold' in BV?

     

    I thought you had a reserve a bar in your name for it to become 'yours'.

     

    I know for definite that the gold in GM is 'mine/yours/ours' because I checked. I haven't checked BV, but I do have both BV and GM.

     

     

    EDIT: I’ve been looking through the FAQs on BV, and it does appear that our gold is NOT BVs asset

  5. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Eh? You round 15.4466.... down? Or maybe I did type a number wrong. Anyways...

     

    I pasted the numbers in to Excel. I haven't rounded.

     

    I feel like a proper sad case pasting this, but, ....here it is..... £15.4451765095399

     

    Please forgive me for debating a couple of thousands [iNSERT APPRORIATE SMILEY]

     

  10. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    That's the third time this year I remember, but I notice the "Reference" says 4, so maybe it's the fourth.

     

    Nice to see the system operating. It demonstrates that the customers do own their metal and that the BV markets are not cut-off from the wider markets.

     

    Were the others a large quantity [can you remember]?

     

    I’ve only got a small amount of gold in BV, but it would be nice to think I could withdraw it in the form of coins / small bars

     

  15. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    First Majestic - do they deliver to the UK?

    Also, if the situation ever arose, how would one sell them?

    They're not exactly like philharmonics or maples.

     

    I have enquired postage to the UK (I’ve never ordered)

     

    Minimum postage is 45 USD. It costs around 100 USD to deliver 100 of ‘One Oz Coins’

     

    They going to sell some 5 Oz, 10 Oz and 1 kg in around a months time. These will be cheaper to post because they are not individually encapsulated.

     

    Email them off the website and ask them to let you know when they are available. I’ll post if I remember.

  19. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    They are truly awful prices - bad as ebay! Try Kitco.

    ...

    You don't have to get ripped off! Kitco 1oz gold bar, spot + $16!!, 1oz siver coins, spot + $3

     

    The Silver Maple price is not bad, but it’s no good for small buyers like me. Kitco charge a minimum of $165 for postage.

  20. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Cheers ziknik, that's what I thought. I do not understand what they mean in the article. Why should the end of the short ban affect gold?

     

    The link doesn't match the pasted text, have you posted the wrong link?

     

    I think the article is saying that hedge funds are keeping money safe as gold until they can use it to short financials again (sell the gold and use the money).

     

    I don’t believe that myself. There’s plenty of other companies to short.

     

  23. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I like the nice big number. If only it was in another currency. :rolleyes:

     

    I wonder what the ratio of silver to gold might become. 20-1?

     

    I’m completely guessing* here. Silver could go to $infinity if the hyperinflationary scenario plays out.

     

    Assuming there is prolonged high inflation (not Zimbabwe style inflation), I think the Gold / Silver ratio will drop to between 5-10 as people are priced out of gold.

     

    EDIT: * An educated guess. I haven't picked my numbers out of thin air.

  25. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    ...

    BV customer support:

    Just that it doesn't make any sense. I know for a fact that they have access to the same physical gold markets we do, and we are just paying the spot rate. Why would they be buying at 7% over the odds? It's very, very odd.

    ...

     

    Why doesn’t BV have gold coins if they are using the same market as CID?

     

    I think he is mixing up CoinsInvestDirect with http://goldinvestdirect.com/

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