First see and than believe thats my slogan
Advises are there to be set aside
From the goldreport van Erste Group in Juli 2012 op blz 61
The thing I did dig up about Erste Group... see below. Have you some knowledge about Erste Group and what kind of player they are in Germany or Austrich ?
Erste Group was founded in 1819 as the first Austrian savings bank (“Erste oesterreichische Spar-Casse”). In 1997, Erste Group went public with a strategy to expand its retail business into Central and Eastern Europe (CEE).
Since then Erste Group's customer base has grown through numerous acquisitions and organic growth from 600,000 to around 17 million. 95% of all clients are citizens of the European Union. The EU membership gives the countries of the region a stable regulatory framework that supports their economic development.
Today Erste Group is one of the largest financial services providers in Central and Eastern Europe in terms of clients and total assets. It has always focused on retail and SME banking.
http://www.erstegroup.com/en/Downloads/ ... 0bb26c.pdf
A former central banker claimed that US Treasuries were not safe in the medium to long term96. In addition, China will launch a new investment fund that will invest parts of the more than USD 3,000 in currency reserves in energy and precious metals. PBoC advisor Xia recommends holding only USD 1,000bn in currency reserves, with the rest to be earmarked for strategic investments. He goes on to suggest a gradual increase in gold reserves and recommends pursuing a “buy the dip” strategy over an extended period of time. He also advises PBoC to add silver to the official reserves97.
Haystack Q3 2012
- Obi-Wan
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@ Bailouts4ever
Patience. Use the force. Think.
- Rasta
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Re: Haystack Q3 2012
Eventually there will be an awakening, a balancing of the scales and a bill to be paid, and for that I hold gold - Jim Sinclair
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Re: Haystack Q3 2012
@Obi-Wan
Well, Erste Group is a quite distinguished player in the German and Eastern European markets. Their regularly published "Gold Report - In Gold We Trust" is well established. See here:
http://www.youtube.com/watch?v=nydtRG48Dzg
http://www.muenzeoesterreich.at/content ... +TRUST.pdf
http://www.daf.fm/video/spezial-report- ... 55745.html
http://www.erstegroup.com/de/Presse/Pre ... 11.07.2012
It is further import to understand that Austria has quite early woken up on XAU as a medium of monetization starting with the introduction of the Austrian Philharmonic as a bullion coin via Münze Österreich...
So yes, Erste is a reliable source but holds the risk to heavy exposure to the Eastern European problems (such as e.g. Hungary, Romania or Slovenia).
Well, Erste Group is a quite distinguished player in the German and Eastern European markets. Their regularly published "Gold Report - In Gold We Trust" is well established. See here:
http://www.youtube.com/watch?v=nydtRG48Dzg
http://www.muenzeoesterreich.at/content ... +TRUST.pdf
http://www.daf.fm/video/spezial-report- ... 55745.html
http://www.erstegroup.com/de/Presse/Pre ... 11.07.2012
It is further import to understand that Austria has quite early woken up on XAU as a medium of monetization starting with the introduction of the Austrian Philharmonic as a bullion coin via Münze Österreich...
So yes, Erste is a reliable source but holds the risk to heavy exposure to the Eastern European problems (such as e.g. Hungary, Romania or Slovenia).
0.00 € is what your account statement will show on a long enough timeline.
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Re: Haystack Q3 2012
FYI:
http://www.euroinvestor.com/news/2012/0 ... n/12069515
http://www.marketwatch.com/story/china- ... -224852629
http://www.etftrends.com/2012/08/china- ... gold-etfs/
This show is starting today. And as it may just be paper gold it surely has the potential to trigger XAU to the upside. Keep in mind that the Chinese are gamblers and stocks and investment papers as a "People's sport"...
http://www.euroinvestor.com/news/2012/0 ... n/12069515
http://www.marketwatch.com/story/china- ... -224852629
http://www.etftrends.com/2012/08/china- ... gold-etfs/
This show is starting today. And as it may just be paper gold it surely has the potential to trigger XAU to the upside. Keep in mind that the Chinese are gamblers and stocks and investment papers as a "People's sport"...
0.00 € is what your account statement will show on a long enough timeline.
- Obi-Wan
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- Rasta
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Re: Haystack Q3 2012
Nice documentary with Steve Forbes: The rise of global currency wars.
Eventually there will be an awakening, a balancing of the scales and a bill to be paid, and for that I hold gold - Jim Sinclair
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Re: Haystack Q3 2012
Nice, Chinese gold terrorism how doubtful is Rickards?Rasta wrote:Nice documentary with Steve Forbes: The rise of global currency ]
"citizens everywhere in the world should realize that competitive devaluations are not a path to prosperity - destroy the dollar
and your wealth"
So whats happening now? "best case scenario"
1965de Gaulle converted $150 million into gold , that's $7 billion today....... let's talk about your wealth.
- Paul
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Re: Haystack Q3 2012
"Taxes are a barbaric relic of the past"
- Rasta
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Re: Haystack Q3 2012
A nice story, but a busted story. Obviously you can't pay 1 Billion USD in 5 cent coins. That is an incredible overhead in costs (to have produced, shipped, secured, etc.). Waste of shareholder value - they will never approve.
A would be fun though
Eventually there will be an awakening, a balancing of the scales and a bill to be paid, and for that I hold gold - Jim Sinclair