GE Update Re: Golden Suisse
Golden Suisse is making great progress in making their program more functional for North Americans. Apparently the banks have been quite difficult on the subject of issuing debit cards for their program but that appears to be resolved soon and the CEO just this week sent me the following update. ------
"Additional features (to the new version of the app) will be Silver Bullion Coins, Instant Online Payment (ACH), and updated design. We are currently working on the development, and expect to release the new version in October.
For next year is to give clients instant buy/sell liquidity of their bullion over our system, also with our own 1 kg Golden Suisse gold bars.
We are still working on a solution for offering cards in the US, and I am confident that we will find a solution here as well, together with our US Bank TD Bank in New York.
As soon as the new app is launched in October we will focus on US again. The ACH project for US is already signed off with TD Bank, so only integration remains. Wire transfer is already available for US market, and is default for all clients registered in the US.
Liquidity is our highest priority as you well know. Europe already has realtime liquidity on the sell side for the card, and on the buy side for Germany, Switzerland, Belgium and the Netherlands (Equivalent of ACH for Europe called Online Payment). In November Europe will also have real time liquidity on buy and sell side (both bank and card).
We are very strict about staying on the right side of legal and compliance, in order not to venture our clients interests. However, whenever we find a legal solution that our lawyers support, then we go for it. Offering cards in the US is fully legal, and is per se not an issue. We just need to find a strong partner, and I am working to expand our relationship with TD Bank for this purpose."
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In view of the above, I recommend that all GE (and Full) members begin their relationship with Goldensuisse.com and consider that as a means of private holdings and transfer. Once you have gold in your personal account, you'll be able to transfer it to the trust account privately and securely and not leave a trail for anyone to follow. Gold is on the way up. Fiat is on the way down. It's not a difficult decision.
I hope that helps some!
Let's talk more on Thursday!
Mark
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