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Gold To Go

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Pillar of the Community
Peter THOMAS's Avatar
Australia
2830 Posts
 Posted 10/24/2010  8:08 pm Show Profile   Bookmark this topic Add Peter THOMAS to your friends list Get a Link to this Message Number of Subscribers
http://www.theage.com.au/executive-...2-16xs5.html

I can't see this appealling to serious traders.
In my country, as well as in the USA, this would be a problem in terms of the legislated requirement to report large cash-transaction.
Also, the article doesn't say what premium the buyer pays, compared to the market "spot" price.

Peter in Oz
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GO's Avatar
United States
6563 Posts
 Posted 10/24/2010  8:12 pm  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
I thought I was gonna get some free gold
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jbuck's Avatar
United States
187582 Posts
Pillar of the Community
nod2003's Avatar
United States
3294 Posts
 Posted 10/26/2010  3:42 pm  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
I honestly don't see the appeal. I get upset when the vending machine doesn't spit out my twix for $0.75, I can't imagine how upset I would be if my 1 toz gold bar didn't drop.
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Libertad's Avatar
Canada
3692 Posts
 Posted 10/26/2010  5:24 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
LOL, these things would never work in Toronto. Gold is pretty cut-throat business right now. Just recently a murder plot against a gold buyer was foiled.
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johnathan's Avatar
Canada
107 Posts
 Posted 10/26/2010  9:46 pm  Show Profile   Bookmark this reply Add johnathan to your friends list Get a Link to this Reply
after an incident a few weeks ago where I GOT short changed inside a bank buiding ATM will not use such machines,,not that I could afford anyway... j
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