Guest_chris c-t_* Posted March 19, 2008 Share Posted March 19, 2008 anyone else? Quote Link to comment Share on other sites More sharing options...
mbga9pgf Posted March 19, 2008 Share Posted March 19, 2008 anyone else? YOUR GOING TO LOSE ALL YOUR MONEY!!!! Quote Link to comment Share on other sites More sharing options...
mbga9pgf Posted March 19, 2008 Share Posted March 19, 2008 YOUR GOING TO LOSE ALL YOUR MONEY!!!! JOKING OF COURSE! Quote Link to comment Share on other sites More sharing options...
Guest_chris c-t_* Posted March 19, 2008 Author Share Posted March 19, 2008 JOKING OF COURSE! Nah. I own the bullion. I am NOT going to lose that, whatever. That's why I pay for physical. Quote Link to comment Share on other sites More sharing options...
Ologhai Jones Posted March 19, 2008 Share Posted March 19, 2008 anyone else? Seems okay to me. YOUR GOING TO LOSE ALL YOUR MONEY!!!! Quote Link to comment Share on other sites More sharing options...
Timm Posted March 19, 2008 Share Posted March 19, 2008 anyone else? I had this once. Someone here suggested I clear my cookies, and that seemed to work. Havn't a clue why though... Quote Link to comment Share on other sites More sharing options...
Belfast Boy Posted March 19, 2008 Share Posted March 19, 2008 YOUR GOING TO LOSE ALL YOUR MONEY!!!! No, you are thinking of a bank You obviously don't understand Bullion Vault. It's safer than a bank Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted March 19, 2008 Share Posted March 19, 2008 dont worry guys, its just a gold bug Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted March 19, 2008 Share Posted March 19, 2008 No, you are thinking of a bank You obviously don't understand Bullion Vault. It's safer than a bank so are houses. they are physical. Quote Link to comment Share on other sites More sharing options...
Guest_chris c-t_* Posted March 19, 2008 Author Share Posted March 19, 2008 BV DOWN: back up by 10:45am ... hmmm.... Quote Link to comment Share on other sites More sharing options...
Ologhai Jones Posted March 19, 2008 Share Posted March 19, 2008 BV DOWN:back up by 10:45am ... hmmm.... What do you mean? It's still up as far as I can see. Quote Link to comment Share on other sites More sharing options...
Belfast Boy Posted March 19, 2008 Share Posted March 19, 2008 so are houses. they are physical. ... houses are currently a depreciating asset class. Commodities are currently an appreciating asset class. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted March 19, 2008 Share Posted March 19, 2008 ... houses are currently a depreciating asset class. Commodities are currently an appreciating asset class. yeah but, no but, Gold is down, and you can physically hold your house. Bullion vault is a company. you have bought a piece of physical gold- which bit is yours in their pile- do you know? if you dont, you have a situation very similar to cash in the bank. which bit is yours? If you do, then you are safe, apart from the risk of fraud. How do you PROVE your ID with the online Bullion vault? Quote Link to comment Share on other sites More sharing options...
Guest_chris c-t_* Posted March 19, 2008 Author Share Posted March 19, 2008 What do you mean?It's still up as far as I can see. Well, juast now at 10:30 - 10:40 I got the red screen; said Maintenance was underway. Possibly cos i just screwed one of their crack-bots for 5Grand! Quote Link to comment Share on other sites More sharing options...
PotNoodle Posted March 19, 2008 Share Posted March 19, 2008 BullionVault can go into administration, just like any other company and investors can lose *all* their investment, just like any other company. Quote Link to comment Share on other sites More sharing options...
Guest_chris c-t_* Posted March 19, 2008 Author Share Posted March 19, 2008 BullionVault can go into administration, just like any other companyand investors can lose *all* their investment, just like any other company. WRONG... check it out. If they go into admin, they will pay you your gold in physical form. They do not allow you to specify bars or coins, but they are under legal obligation to give you your gold. You are only paying them to store it for you. It is yours. Quote Link to comment Share on other sites More sharing options...
PotNoodle Posted March 19, 2008 Share Posted March 19, 2008 WRONG...check it out. If they go into admin, they will pay you your gold in physical form. They do not allow you to specify bars or coins, but they are under legal obligation to give you your gold. You are only paying them to store it for you. It is yours. I stand corrected. Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted March 19, 2008 Share Posted March 19, 2008 Not true, I believe - you own the bullion directly, not via the company. It is and always will be yours, until you sell it. Going into administration would have no effect, other than to make the process of getting hold of it and selling it more laborious and time-consuming. Assuming that the gold is really and physically in this vault. Imagine if it wasnt? Quote Link to comment Share on other sites More sharing options...
Guest DissipatedYouthIsValuable Posted March 19, 2008 Share Posted March 19, 2008 So, you have invested money in a company which tells you it has some gold in a vault and gives you some sort of electronic record, and maybe even bits of paper which are it's promise to pay you gold? Smells like a scam score 5/10. Quote Link to comment Share on other sites More sharing options...
Timm Posted March 19, 2008 Share Posted March 19, 2008 Assuming that the gold is really and physically in this vault. Imagine if it wasnt? As I understand it, much of the "Gold" is held in liquid currency, to facilitate trading. Quote Link to comment Share on other sites More sharing options...
Guest DissipatedYouthIsValuable Posted March 19, 2008 Share Posted March 19, 2008 I'd rather have a bar or two at home. Unless you feel the need to show it off at parties to make up for a small todger or something it's not too hard to find a decent hiding place. I'm pretty sure we had notes in the past that promised to pay gold as a redemption. Turns out it was the beginning of the scam that is fractional reserve banking. Quote Link to comment Share on other sites More sharing options...
Guest_chris c-t_* Posted March 19, 2008 Author Share Posted March 19, 2008 As I understand it, much of the "Gold" is held in liquid currency, to facilitate trading. Well, they have a bar list and the total weight of gold adds up to the weight owned by the names in the list of nicknames. I assume they wouldn't make up bar-numbers... Quote Link to comment Share on other sites More sharing options...
PotNoodle Posted March 19, 2008 Share Posted March 19, 2008 As I understand it, much of the "Gold" is held in liquid currency, to facilitate trading. If that's the case, then an investor can still lose the lot. True, one could spend years trying to get it back, but life is too short for that kind of investment. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted March 19, 2008 Share Posted March 19, 2008 WRONG...check it out. If they go into admin, they will pay you your gold in physical form. They do not allow you to specify bars or coins, but they are under legal obligation to give you your gold. You are only paying them to store it for you. It is yours. enlighten me, which "legal obligation" is that, and how do you prove to the administrator that you are the person who signed up for the gold when you come to collect it. Sounds to me like you have bought a share in a pile of gold. no bit is yours at divi time, Plus if they cant trade, at what price could you be compensated, what with ongoing storage cost, the costs of filing your bit away from an ingot, the costs of resmelting all the filings. Quote Link to comment Share on other sites More sharing options...
Guest DissipatedYouthIsValuable Posted March 19, 2008 Share Posted March 19, 2008 enlighten me, which "legal obligation" is that, and how do you prove to the administrator that you are the person who signed up for the gold when you come to collect it.Sounds to me like you have bought a share in a pile of gold. no bit is yours at divi time, Plus if they cant trade, at what price could you be compensated, what with ongoing storage cost, the costs of filing your bit away from an ingot, the costs of resmelting all the filings. I find yogic breathing exercises are very good for inducing a clear head when one feels an overriding sense of panic at the possibility of losing everything. Quote Link to comment Share on other sites More sharing options...
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