Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > PM Bug

Like Tree6Likes
  • 1 Post By PMBug
  • 1 Post By rblong2us
  • 2 Post By 11C1P
  • 1 Post By rblong2us
  • 1 Post By rblong2us

Reply
 
LinkBack Thread Tools
Old 12-26-2019, 12:10 AM   #1
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,178
Liked: 2465 times
Gold rush in Germany?

Apparently there is a picture that was tweeted of huge lines of people queued up in front of a bullion store in Germany that has generated a bit of a buzz:



https://twitter.com/marcfriedrich7/s...494998529?s=03

Not sure exactly what's happening over there, but at least one German news outlet says that it is related to some anti-money laundering laws that were recently passed and due to come into effect soon:

Quote :
...
In mid-November, the German parliament decided on a package of measures to combat money laundering: the limit for the anonymous purchase of precious metals with cash is to be reduced from 10,000 euros to 2,000 euros. The law passed the Federal Council on November 29 and will enter into force on January 1, 2020.
...
... WELT asked Degussa. “The long lines are actually based on lowering the cash limit. 98.5 percent of customers want to buy gold again for less than 10,000 euros without registering. Few buy jewelry or buy any other gift, ”said Kerstin Botschek, Degussa branch manager in Cologne.

And Degussa is obviously not an isolated case. Pro Aurum also reports a large number of visitors in the last days of 2019. "The line of waiting customers extends to the front of the building on the sidewalk", the company describes on its website the situation of the past few days in Munich.

"While other retailers have already closed their shops due to a lack of goods, the employees are fighting to ensure that everyone who is interested gets coins or bars - even if it is often not exactly what the customers actually wanted to buy," continues Pro Aurum.

The high demand apparently also affects the premium for coins and bars. According to a report by the industry portal "Goldreporter", the average premium for gold coins of the Krugerrand variety was 6.16 percent on Monday - an increase of 83 percent compared to October 25 this year.
...
More: https://translate.google.com.au/tran...shaeusern.html
rblong2us likes this.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 12-26-2019, 07:45 AM   #2
Yellow Jacket
 
rblong2us's Avatar
 
Join Date: Nov 2011
Location: off world
Posts: 2,025
Liked: 889 times
Ah the Germans ........ what do they know ?
PMBug likes this.
__________________
if it cant be done with a digger .... it cant be done
rblong2us is offline   Reply With Quote
Old 12-26-2019, 03:10 PM   #3
Ground Beetle
 
11C1P's Avatar
 
Join Date: Aug 2013
Location: North Dakota
Posts: 980
Liked: 514 times
`

That's just silly, everyone knows gold is useless & has no value. I know this cause people on the interwebz tell me that all the time. Apparently you also can't eat it, so it is even less valuable that paper money or cyber kredits, which are both apparently quite nutritious.

.
PMBug and rblong2us like this.
__________________
https://gunstreamer.com/@11C1P
11C1P is offline   Reply With Quote
Old 01-03-2020, 04:13 AM   #4
Yellow Jacket
 
rblong2us's Avatar
 
Join Date: Nov 2011
Location: off world
Posts: 2,025
Liked: 889 times
hah, you have fallen for the msm propaganda then (-;

https://www.ninelife.uk/products/mon...SABEgKhpfD_BwE
PMBug likes this.
__________________
if it cant be done with a digger .... it cant be done
rblong2us is offline   Reply With Quote
Old 01-03-2020, 07:03 AM   #5
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,178
Liked: 2465 times
Quote :
Monatomic Gold - White Powder Gold - Capsules - 1 Month Supply!
...
Product Description

Greater Creativity
Enhanced Sex Drive
#1 Anti-Aging
Deeper Prayer and Meditative States
Positive Emotions and Greater Sense of Inner Peace
...
Well, I'm convinced! Only thing is... how to reclaim the gold from your poop...
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 01-05-2020, 03:28 PM   #6
Yellow Jacket
 
rblong2us's Avatar
 
Join Date: Nov 2011
Location: off world
Posts: 2,025
Liked: 889 times
you need to think long term Bug

you will live longer so more years of full earning potential plus you can put all those extra kids you werent planning on, to work as well (-;
PMBug likes this.
__________________
if it cant be done with a digger .... it cant be done
rblong2us is offline   Reply With Quote
Old 01-15-2020, 11:14 AM   #7
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,178
Liked: 2465 times
Ronan Manly published a fairly comprehensive report on this issue:

https://www.bullionstar.com/blogs/ro...s-war-on-gold/
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
New gold rush hits California 11C1P Gold Bug 2 01-17-2018 03:10 PM
Tracing the great Chinese gold rush Unobtanium Gold Bug 9 10-15-2013 09:06 PM
Here's why Germany wont get UK gold back Unbeatable STS 2 02-01-2013 07:01 AM
Mining DOCUMENTARY series: "Gold Rush Alaska" on Discovery Channel swissaustrian Mining 17 01-24-2013 02:36 PM
Silent film by Charlie Chaplin on the Klondike Gold Rush (1925) swissaustrian Mining 0 01-29-2012 12:16 PM


All times are GMT -5. The time now is 03:55 AM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2020 Measuring Up. All Rights Reserved.