Search found 10 matches
- Wed Aug 19, 2015 11:06 am
- Forum: Gold
- Topic: Chase Bank Prohibits Gold Storage In Safe Deposit Boxes
- Replies: 8
- Views: 4651
Re: Chase Bank Prohibits Gold Storage In Safe Deposit Boxes
Who's to know? It' snot like they're peeking over your shoulder when you fill your box with bullion. It could be your stash of vintage Twinkies for all they know.
- Sun May 03, 2015 12:35 am
- Forum: Gold
- Topic: Secret Hiding Places for your Coins
- Replies: 18
- Views: 9224
Re: Secret Hiding Places for your Coins
My brother had a few thousand 'tax free' dollars he wanted to hide in his apartment, so he hid it in the wall behind the bathroom medicine cabinet. He said it only took a couple minutes to remove and install, but then again he is quite handy. I similarly enjoy exploring shared walls in apartment co...
- Sat May 02, 2015 3:51 pm
- Forum: Gold
- Topic: Secret Hiding Places for your Coins
- Replies: 18
- Views: 9224
Re: Secret Hiding Places for your Coins
My brother had a few thousand 'tax free' dollars he wanted to hide in his apartment, so he hid it in the wall behind the bathroom medicine cabinet. He said it only took a couple minutes to remove and install, but then again he is quite handy. When I was in Hawaii recently with my wife, we were stayi...
- Fri May 01, 2015 10:47 pm
- Forum: Gold
- Topic: Shareholder activists are trying to unlock the NAV discount on GTU
- Replies: 53
- Views: 31647
Re: Shareholder activists are trying to unlock the NAV discount on GTU
Central GoldTrust Unitholders Overwhelmingly Reject Polar's Self-Serving Proposals and Elect All of Central GoldTrust's Nominees to the Board http://www.streetinsider.com/Press+Releases/Central+GoldTrust+Unitholders+Overwhelmingly+Reject+Polars+Self-Serving+Proposals+and+Elect+All+of+Central+GoldTr...
- Fri Apr 24, 2015 9:06 pm
- Forum: Gold
- Topic: JUDGE: FAMILY’S $80 MILLION GOLD COIN COLLECTION BELONGS TO UNCLE SAM
- Replies: 17
- Views: 8103
Re: JUDGE: FAMILY’S $80 MILLION GOLD COIN COLLECTION BELONGS TO UNCLE SAM
"I think you have to declare if you're leaving the U.S. with more than $10,000, right? So, you're breaking the law." Not sure about American law, but a few years ago I checked the Canadian customs website to see their position on transporting over $10,000 in gold and it was my interpretat...
- Fri Apr 24, 2015 3:43 pm
- Forum: Gold
- Topic: Shareholder activists are trying to unlock the NAV discount on GTU
- Replies: 53
- Views: 31647
Re: Shareholder activists are trying to unlock the NAV discount on GTU
I've voted against Polar too. Their case sounds reasonable the way they state it, but I have difficulty trusting an entity that swoops in, buys a huge chunk of units, then stages a hostile takeover in an attempt to change the fundamental nature of the fund to their advantage. If their resolution pas...
- Wed Apr 15, 2015 2:45 pm
- Forum: Gold
- Topic: Shareholder activists are trying to unlock the NAV discount on GTU
- Replies: 53
- Views: 31647
Re: Shareholder activists are trying to unlock the NAV discount on GTU
The minimum quantity you could redeem for is some Big Boy unit (sorry, the name slips my mind) worth around half a million at current prices, so it would not directly affect small fry investors in terms of their ability to redeem for physical gold, but the overall effect would be to decrease the di...
- Tue Apr 14, 2015 7:08 pm
- Forum: Gold
- Topic: Shareholder activists are trying to unlock the NAV discount on GTU
- Replies: 53
- Views: 31647
Re: Shareholder activists are trying to unlock the NAV discount on GTU
I received the package from Polar yesterday. Their position, at least as they present it, seems quite reasonable. According to them, the reason GTU is discounted as much as it is is because shareholders are unable to redeem their shares for physical gold at NAV. If this was possible, the shares woul...
- Fri Apr 10, 2015 11:50 am
- Forum: Gold
- Topic: Shareholder activists are trying to unlock the NAV discount on GTU
- Replies: 53
- Views: 31647
Re: Shareholder activists are trying to unlock the NAV discount on GTU
I received a phone call to say they would be sending an info package, which I haven't received yet. My online broker also had postings outlining both sides' positions (but no neutral third party analysis).
- Thu Apr 09, 2015 11:18 pm
- Forum: Gold
- Topic: Shareholder activists are trying to unlock the NAV discount on GTU
- Replies: 53
- Views: 31647
Re: Shareholder activists are trying to unlock the NAV discount on GTU
Are you guys sure you know what you're doing? The above link only describes one side of the story. GTU directors are emphatically recommending rejection of the 'Polar Proposal', saying it is both shortsighted and self-serving. http://www.stockhouse.com/news/press-releases/2015/04/07/central-goldtrus...