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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Rolla Coasta who wrote (31637)	3/27/2008 3:08:44 AM
From: TobagoJack	Read Replies (2) \| Respond to of 217548

stop talking sex :0) just in in-tray from person of the big league, and i quote ... Jay Will be happy to hear that yesterday I managed to get 10 x half ounce maple leafs from bank of china . All they had in bank. What happens when enough people , let alone a soveriegn fund or middle east sheik decides that certificates are not good enough to hold ! Too much counterparty risk ! And they start asking for physical. How much needs to shift for there to be a spike in physical price ? Certificate or etf is only a proxy for gold if think that counterparty will honour. But if you are a searching for the holy grail of a store of value when the world resets (to use jay's expression) then you probably want physical I don't know answer but does not seem a stretch to me. Was talking with some freinds in credit suisse and ubs private bank, they are starting to get enquiries re their own liguidity, safety of deposits etc (of course they each phrased it as concern about the other bank ). Anyways I am not only client asking the bank about safety of etf's or even certificate gold. And a few are putting it in the vaults deep under zurich, or in their beds.

To: Rolla Coasta who wrote (31637)	3/27/2008 11:06:47 AM
From: gg cox	Read Replies (3) \| Respond to of 217548

<<A staff said the coins could run out if no one is willing to sell.>> Could you sell them on the street tomorrow and get your money back or make money? I have asked this question before and can not get an answer as i guess you all want to keep them in the vault.<g> I have a gold nugget ring purchased in Venezuela 40 years ago for 20 bucks...i should be able to get my money back eh? Snowshoe, what are gold nugget rings going for in Alaska?