Degussa...***UPDATED WITH NEWPS***
gecko109
Posts: 8,231 ✭
Was unsuccessful in my recent attempt to negotiate a fair price on the 100 gram gold bar. Would love to have it, it would be the "crown jewel" of my bullion collection, but at $600 over melt....not gonna happen. I was going to offer 10% over melt, which is more than fair on such a large chunk, but I was stonewalled by a receptionist who insisted on being a liason between me and the shop/store owner (I called them). Oh well.
Magnificent!
I'll just have to continue to grow my mini bar collection for now I spose.
Magnificent!
I'll just have to continue to grow my mini bar collection for now I spose.
0
Comments
Sometimes the "help" is gone but the owner/decision maker is still in.
Another method is to E-mail them with your offer.
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Silver is the mortar that binds the bricks of loyalty.
TD
<< <i>Try calling a few min. after 5pm.
Sometimes the "help" is gone but the owner/decision maker is still in.
Another method is to E-mail them with your offer. >>
I'll remember that cool tip for next time. But I wont keep "bothering" these guys over this particular bar. I made an effort, and was shutout. I just think that melt + $600 is a bit excessive on this type of bar. With some patience, I will eventually come across the same one at maybe 3-5% over melt. I have alot of years still ahead of me! (hopefully).
<< <i>Ah, so now I know to charge you 10% over when I sell you the next one!!!!!!!!!
TD >>
The 1st one was a gift Tom, the 2nd one was about 7-8% over....the next ones can be 10%....im fine with that.
ebay linky
<< <i>eBay has one up for sale.....perhaps you can cut a deal with them?
ebay linky >>
Guess you didnt click my link.
<< <i>
<< <i>eBay has one up for sale.....perhaps you can cut a deal with them?
ebay linky >>
Guess you didnt click my link. >>
Ooops me bad, but I thought you went to a B&M Store. I had no idea that this item is also for sale on eBay. You are going to have a difficult time in finding one at spot +10% ... I haven't seen one go that cheap.
<< <i>
<< <i>
<< <i>eBay has one up for sale.....perhaps you can cut a deal with them?
ebay linky >>
Guess you didnt click my link. >>
Ooops me bad, but I thought you went to a B&M Store. I had no idea that this item is also for sale on eBay. You are going to have a difficult time in finding one at spot +10% ... I haven't seen one go that cheap. >>
How do you consider +10% to be cheap? Based upon my 25 years in the retail end of this business, I have always considered Degussa bars to be a cute but second tier product. THat is why I sold Gecko a beatup one at melt.
If I had a 100 gram bar in stock I would price it at +$45/oz. in the store and do a fist pump and go "YESSSSSS!" if I got that.
TD
If I had a 100 gram bar in stock I would price it at +$45/oz. in the store and do a fist pump and go "YESSSSSS!" if I got that. >>
Find me a decent 100g bar and I'll gladly pay you +$50/oz....
<< <i>If I had a 100 gram bar in stock I would price it at +$45/oz. in the store and do a fist pump and go "YESSSSSS!" if I got that. >>
Find me a decent 100g bar and I'll gladly pay you +$50/oz....
+$90/oz here. Im comfortable at 10%.
Wonder if I will see the $93 difference from OPA?
<< <i>+$21 @CNI for pamp
Wonder if I will see the $93 difference from OPA? >>
Not interested in Pamp or Credit Suisse...they are easily obtainable.
You'll need to read the entire thread before making a comment.
<< <i>
<< <i>+$21 @CNI for pamp
Wonder if I will see the $93 difference from OPA? >>
Not interested in Pamp or Credit Suisse...they are easily obtainable.
You'll need to read the entire thread before making a comment.
The 100 gram PAMP poured bars can be ordered by the DOZENS from a few large bullion outlets. The Degussa 100 gram "brick" bar linked above is seldom seen. But even Mr. OPA would agree, I think, that +$200/oz is even excessive for this bar!
Tom over at HJB is top notch!
<< <i>BWA-HA-HA-HA-HAH!
How come I didn't get a PM?
<< <i>
<< <i>BWA-HA-HA-HA-HAH!
How come I didn't get a PM?
Cuz I was the highest bidder!
<< <i>But even Mr. OPA would agree, I think, that +$200/oz is even excessive for this bar! >>
Absolutely ...
<< <i>
<< <i>
<< <i>BWA-HA-HA-HA-HAH!
How come I didn't get a PM?
Cuz I was the highest bidder!
Whut he sedd........
<--S'where my icon came from. And Harlan is the man on Lydian coinage
--Severian the Lame
<< <i>
<< <i>
<< <i>
<< <i>BWA-HA-HA-HA-HAH!
How come I didn't get a PM?
Cuz I was the highest bidder!
Whut he sedd........ >>
As the saying goes..."money talks, bs walks" ( but I would have paid via cash not by cc )
<< <i>
<< <i>Try calling a few min. after 5pm. As soon as gold mania starts I hear people will allmost spend anything for gold bars
Sometimes the "help" is gone but the owner/decision maker is still in.
Another method is to E-mail them with your offer. >>
I'll remember that cool tip for next time. But I wont keep "bothering" these guys over this particular bar. I made an effort, and was shutout. I just think that melt + $600 is a bit excessive on this type of bar. With some patience, I will eventually come across the same one at maybe 3-5% over melt. I have alot of years still ahead of me! (hopefully). >>
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
<< <i>
<< <i>
<< <i>
<< <i>
<< <i>BWA-HA-HA-HA-HAH!
How come I didn't get a PM?
Cuz I was the highest bidder!
Whut he sedd........ >>
As the saying goes..."money talks, bs walks" ( but I would have paid via cash not by cc )
I'll be paying in person at the store in $100 bills FYI.
<< <i>
I'll be paying in person at the store in $100 bills FYI.
The Chicago Way!!!!!!
"Will the defendent please rise!"
so that Gecko can find it easily.........
Pictures to follow soon.....must....get....sleep!
And finally, a family photo!
<< <i>Build a pyramid, 100 grammer face down on the bottom!!!!
How about the 10g on the bottom and make a flying wedge?
Or 10 name down,10 up, 50 up, 100 down, 20 down, 10 down would be a diamond on pedestal.
Pics of both would be cool. Nice collection.
Don't go melting them down.
My YouTube Channel
<< <i>Those look like dooky, You don't want those. Go ahead and send em over to me
Don't go melting them down. >>
How ironic that you mention the melting part. Nobody but Tom and I know this, but I came across my 1st Degussa bar by chance, a 10g specimen. Tom had PMed me that he had a beat up 10 gram gold bar and that he knew I wanted to experiment with melting gold (as I had done with silver). So he tells me he'll sell this 10 gram bar to me at melt, let me fool around with it, and offered to buy it back from me at 98% of melt if I wasnt happy with the results. It was a no brainer, so I agreed. Got the bar a few days later and was floored by its beauty! I hadnt ever seen a Degussa bar up till that point, but I really loved the dimensions of the bar (not wafer thin like 95% of small gold bars). I have been buying Degussas here and there ever since (including 1 from you)....its a nice diversion from the panda set im building. Anyway, if it werent for my melting adventures Cars, I never would have gotten all these Degussa bars!
The materials were first deposited in the Melmer account. The items were then sorted. Gold and silver bars, as well as currency, were bought by the bank at full value. Small items like wedding rings were sent to the Prussian Mint for re-smelting. Larger jewelry items were sent to the Municipal Pawnshop, which sold the better valued items. The rest of the material was sent on to (Deutsche Gold-und Silber-Scheideanstalt) Degussa for re-smelting. Degussa was allowed to keep a small portion for industrial purposes, but any gold in excess was sold to the Reichsbank and the amount credited to the Melmer account.
Degussa was a large German firm engaged in metal refining and production of chemicals, including Zyklon-B cyanide tablets used in the gas chambers. The Zyklon-B tablets were produced by Degesch, which was owned by Degussa and IG Farben, a chemical concern that was dissolved after the war. Degussa was also the firm that supplied the uranium for the Nazis' atomic bomb project.
Degussa held an exclusive contract with the Nazis for re-smelting items taken from the Jews in the concentration camps, including dental gold. There was so much gold being taken from the victims at Auschwitz that Degussa built a smelter there. According to Oberstrumbannfuhrer Rudoff Hoss, the commandant of Auschwitz, the daily yield of gold at the camp was 24 pounds
More recently, Degussa’s role in nuclear proliferation has been brought to light in the film documentary Stealing the Fire. The filmmakers document the trial of Karl-Heinz Schaab, who was tried for treason in Munich. Schaab is the first person in the world convicted of atomic espionage in an open trial in the last fifty years. He sold top secret documents stolen from Germany to Saddam Hussein, and traveled to Baghdad numerous times to help Iraq build an atomic bomb. Schaab was linked to Degussa and Leybold, a Degussa subsidiary. He received an extremely light sentence upon conviction. He was fined only 100,000 deutsche-marks fine and sentenced to 5 years of probation.
Additionally, in 1990 Degussa was fined $800,000 for illegally re-exporting nuclear weapons-related material to North Korea. The firm was also implicated in exporting poisonous gas to Libya. Degussa was also a large contributor to the election campaign of George W. Bush.
http://www.spiritone.com/~gdy52150/main.html
--Severian the Lame
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
TD