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Old 25-10-2017, 07:29 PM
daniel6886 daniel6886 is offline
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Join Date: Feb 2013
Location: NEL
Posts: 641
Default Degussa Sg ceased retail operation from 22 Nov 17

saw the info on their website.

just 2 years in operation.

edit. should be 30 Nov

Last edited by daniel6886; 25-10-2017 at 07:33 PM.
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Old 27-10-2017, 04:23 AM
Altima Altima is offline
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Join Date: Dec 2012
Posts: 1,851

Wow, precious metals industry is really tough. First we hear about 1Silver1 closing down suddenly, and now Degussa.

Guess the margins for Precious Metals is not profitable these days.
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Old 27-10-2017, 11:35 AM
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alor alor is offline
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Join Date: Jan 2011
Location: Tomato Bridge
Posts: 3,305

premium was from $5 to 50 cents for a silver coin price $33
that is too thin

people selling food for $5, margin can be $2.5

tough is an understatement
Hear Say See -> N o ! h i n g
silver is all about demand * gold is all about supply
holding gold & silver with purpose then the rest is just strategies
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Old 03-01-2018, 12:40 PM
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aurictaurus aurictaurus is offline
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Join Date: Aug 2007
Posts: 521
Default I smell capitulation - is this the beginning of the bottom?

This just received from E-Dinar FZ LLC:

[...Kindly be informed that the shareholders decided to liquidate the e-dinar FZ LLC company in Dubai Internet City and to pay out its customers by the end of January 2018. Please do not worry – all accounts are 100% covered by precious metals and can be converted and paid out in full.

As a consequence, we will not accept or process any new purchase orders.

We took this difficult step with great regret. Now entering the sixth year of an ongoing lull in the precious metal market – all the ‘fast’ money seems to have moved into crypto-currencies – e-dinar has underperformed for several years, thus forcing its closure.

To terminate your account with e-dinar, kindly proceed as follows:...]

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