You are the seller so the receipt - if required at all - is an issue for the Purchaser and what they need.
You need to keep records, you are selling an asset of the fund and collecting cash, both assets. I keep a record on the day of spot, so if ever questioned by my auditor I can say I sold...
It would be a disaster for the man on the street! Negative rates and no job. It would almost destroy the self funded retirees dream and would only really work in a universal wage scenario for any meaningful time.
By what you have said somebody doesn't know it.
If China thinks it's OK to sell USD to buy forward Gold - they have sold US$ to give the Iranians Gold what they want. That's Ok for them.
If the investment bank accepts USD to deliver Gold - they must be happy. So that's OK for them.
If Iran...
What's all the idignation about, they (the Greeks) have gross government debt of approx. Euro350 Billion total foreign debt is as at the end of 2011 - it's hard to get an accurate number (gross external debt is approx Euro583 Billion as at the end of June 2011), rising daily on interest payments...
Derivaties is a wonderful catch-all word that covers a multiplicity of things, by definition. "A security whose price is dependent upon or derived from one or more underlying assets. The derivative itself is merely a contract between two or more parties. Its value is determined by fluctuations...
Oh for the good old days!!!
Ifof course you were the King.
http://www.youtube.com/watch?feature=player_detailpage&v=9z6zEHG_qQU
Mel Brookes had it right
You guys need to look up what a "nominee" company is. The banks themselves are not the owners. If any conspiracy is about, it's who actually owns the shares held by the "Nominee". They are often used to hide the actual owners of the shares.
Hi Skyblues,
Again this is not advice - more a comment,
You are confusing yourself a bit in relation to the whole issue. HiHo has made good comments in relation to corporate trustees in other threads, so I do not intend to go over them here again, suffice to say that each of the components...
If it doesn't go up - then 100% it will go down. But then again it might just stay the same. My crystal ball is fuzzy again, I think I need to get a better antenna . What do you think???
You can go both ways, the sole purpose test is just that the reason you are doing it, is for money in retirement. How you get there is up to you. Capital growth is one component as is dividends paid. You would hardly expect that you would not change your mind between buying a stock and when...
Never seem to see these for sale though. They are the way I would like to buy them. They have character compared to the new Perth Mint offerings, which are just rectangle coins in my opinion.
Bring back the bars with low margins in my opinion.