Gold For Equities In Switzerland. - Coin Community Forum

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Author	Replies: 2 / Views: 927
junior e Pillar of the Community United States 931 Posts	Posted 09/20/2011 07:17 am In October it will be possible to buy equities in Switzerland with gold. They say it is a world's first time event. I would think that back in the early 1900's you could buy stocks with gold coins. This must be a modern day post-invasive government first anyhow. Report this Post to the Staff

biggfredd Rest in Peace United States 9104 Posts	Posted 09/20/2011 12:59 pm Kids forget anything that happened before they were 30. I think the difference is mainly technical. When money = gold, you could pay in gold coins, denominated in $. This says that you can contract in gold, denominated in oz. For example, bid per 100 shares is 1 oz, ask is 1.02 oz. If your bid is accepted, you can pay with a krand, maple, AGE or a handful of coins that add up to 1 oz gold weight. The price of gold that day doesn't matter, except perhaps to make change if you have 1.01 oz. Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 09/20/2011 1:50 pm For the record, krands are non-denominated legal tender. Their "face value" is the second London fix, IIRC. In SA, you must accept them in payment at that fix. Sovereigns (£1) don't show a denomination or even a country on many made in GB, but I think they're legal tender at £1. Report this Post to the Staff
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