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They really don't want you owning Swiss Francs

JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
in Precious Metals

Just got notice from my bank that they are going to start charging me 2% a month in maintainance fees. This is going to force me back into Forever Stamps. Bronco and I can be like the Hunt Brothers cornering this market

mark

Walker Proof Digital Album
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......

Comments

  • KkathylKkathyl Posts: 3,762 ✭✭✭✭✭

    :D

    Best place to buy !
    Bronze Associate member

  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    consider it a negative interest rate that your money is earning.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭

    @derryb said:
    consider it a negative interest rate that your money is earning.

    I sold it this morning. They do charge you a negative rate in Switzerland. I might buy the ETF if the expenses aren't too high

    m

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • ashelandasheland Posts: 23,189 ✭✭✭✭✭

    :o

    My YouTube Channel

  • RelaxnRelaxn Posts: 993 ✭✭✭✭✭

    Just open a Forex account and buy the swiss franc in that manner... If you are just hedging than it will provide the "safety" you are looking for and carry trade is not that bad...

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭

    I do have a forex account. Not looking to hedge. I own half of my cash in foreign currencies and or foreign currency cd's. Tied to a checking account. Will just have to find a different proxy combo.

    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • 1630Boston1630Boston Posts: 13,781 ✭✭✭✭✭

    If you are buying forever postage stamps and live near a BJ's Wholsale Club, they sell them at a lower price than the USPS, below face value, not much less but less . :smile:

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb

    Bad transactions with : nobody to date

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    edited November 17, 2017 12:43PM

    @1630Boston said:
    If you are buying forever postage stamps and live near a BJ's Wholsale Club, they sell them at a lower price than the USPS, below face value, not much less but less . :smile:

    Ah, an arbitrage opportunity . Bronco gas up the truck. Road trip!!!

    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    Bj's gas is at a discount as well.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    "They don't want you owning them",
    Or
    "They want a share of your profits in exchange for the service they provide to you "
    ?

    Liberty: Parent of Science & Industry

  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    edited November 17, 2017 3:51PM

    @Justacommeman said:
    Just got notice from my bank that they are going to start charging me 2% a month in maintainance fees.
    mark

    US bank?

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • bronco2078bronco2078 Posts: 10,225 ✭✭✭✭✭

    @Justacommeman said:

    @1630Boston said:
    If you are buying forever postage stamps and live near a BJ's Wholsale Club, they sell them at a lower price than the USPS, below face value, not much less but less . :smile:

    Ah, an arbitrage opportunity . Bronco gas up the truck. Road trip!!!

    mark

    We will have to wait till the 1st of the year I don't put the roof on the bronco until after Christmas . Half the stamps would blow out all over the highway on the way back :s .

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭

    @derryb said:

    @Justacommeman said:
    Just got notice from my bank that they are going to start charging me 2% a month in maintainance fees.
    mark

    US bank?

    Si senor

    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    edited November 18, 2017 10:59PM

    @bronco2078 said:

    @Justacommeman said:

    @1630Boston said:
    If you are buying forever postage stamps and live near a BJ's Wholsale Club, they sell them at a lower price than the USPS, below face value, not much less but less . :smile:

    Ah, an arbitrage opportunity . Bronco gas up the truck. Road trip!!!

    mark

    We will have to wait till the 1st of the year I don't put the roof on the bronco until after Christmas . Half the stamps would blow out all over the highway on the way back :s .

    When I got married the second thing my wife made me do was put the doors, roof and wind shield back on my Jeep. Sad day in Cali. Another bachelor rig bit the dust

    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭

    @Baley said:
    "They don't want you owning them",
    Or
    "They want a share of your profits in exchange for the service they provide to you "
    ?

    I gotta get you out of Baleyville for a weekend

    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    @Justacommeman said:

    @derryb said:

    @Justacommeman said:
    Just got notice from my bank that they are going to start charging me 2% a month in maintainance fees.
    mark

    US bank?

    Si senor

    mark

    dollar defense

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭

    @derryb said:

    @Justacommeman said:

    @derryb said:

    @Justacommeman said:
    Just got notice from my bank that they are going to start charging me 2% a month in maintainance fees.
    mark

    US bank?

    Si senor

    mark

    dollar defense

    Yes.

    I use Everbank. They have every product imaginable. I have also used RF Lafferty. Very crusty

    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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