Credit Suisse Gold Bars
Credit Suissse 10 Ounce Gold Bars are a superb investment for those interested in gold buying, as long as they have the money to pay for these bars, which cost roughly $15,000 apiece. Gold bars represent a way to hedge against inflation and other economic upheavals by obtaining a metal with a stable, strong value, and serve as a store of wealth for the hour of need. With enough resources and knowledge of the market, you can also earn considerable returns from buying and selling gold bars.
Credit Suisse gold bars are recognized around the world and are highly liquid as well, meaning that they can be purchased and sold again with ease. The smaller bars have an even higher liquidity, but the 10 ounce gold bar is a good compromise between liquidity and efficient storage of value, since it is still much easier to liquidate than a kilogram bar and has far higher value than a 1 ounce bar.
Buying Credit Suisse gold bars is usually carried out through online retailers known to be of impeccable honesty and reliability, such as APMEX (the American Precious Metals Exchange). The bars are sold considerably above the gold spot price, though choosing the source carefully can trim a bit of the premium off. 10 ounces is a good weight because it can be fully insured by the United States Postal Service, whereas heavier bars (with values in excess of $25,000) cannot be fully insured.
Properties of Credit Suisse Gold Bars
Credit Suisse 10 ounce gold bars weigh, naturally enough, ten troy ounces, and are composed of 99.99% pure gold. Because of their high gold composition and lack of alloying, the gold bars both weigh 10 ounces and include 10 ounces of gold, unlike such bullion coins as the Krugerrand, which weighs 8.33% more than 1 ounce to compensate for the 8.33% copper alloy, in order that the actual gold content should be exactly one ounce.
The purity of the Credit Suisse gold bars means that they are quite a bit softer than the metal of which Krugerrands are minted, so you should take care with any that you purchase to prevent their becoming damaged. Damage to the bar, even if it did not decrease the weight, would naturally lower the gold bar’s premium over gold spot value in proportion to its severity.
Credit Suisse 10 ounce gold bars are rectangular, with elegantly rounded corners, and quite beautiful in their own right, though perhaps not as much as a coin with striking imagery on it. There is a certain minimalistic suavity to the design, however. The obverse of the bar bears the words “Credit Suisse” at the top in a small outlined area, then “10 Ounces Fine Gold 999,9”, then “CHI Essayeur Fondeur” in a small rectangular frame, and a six digit serial number at the bottom.
The reverse of the bar is decorated with regular series of small rectangular impressions slanting across its surface, each including the words “Credit Suisse”. The bar is the medium gold color of pure gold, without the pale sheen of silver alloy or the rich, ruddy glow of alloyed copper.
History of the Credit Suisse 10 Oz Gold Bar
A fierce and ambitious bank despite its mask of sober civility, Credit Suisse has been involved in a number of scandals in recent years that promise an intriguing history to its issuance of gold bars. And, indeed, besides the openly acknowledged record of $24 billion in predatory real estate lending, sending over $1 billion to Iranian institutions involved in nuclear weapons development despite clearly legal sanctions against doing so, and out and out money laundering and fraud, there are hints of an even more dramatic secret history in the sphere of silver and gold.
According to some books, the Japanese plundered vast amounts of gold, silver, and other treasures from the Asian empire during World War II, including such infamous incidents as the Rape of Nanking. Through a combination of inflicting almost unthinkable tortures on Chinese, Koreans, and Philippine citizens thought to or known to have gold, using other forms of coercion such as hostage taking, and just plain looting, the Imperial Japanese Army amassed a colossal store of precious metals, which they proceeded to hide in special stashes in the Philippines when it became evident the war was going against them.
The U.S. Government, according to these books and the testimony of many people involved in the affair, seized much of this gold and placed it in secret “black ops” funds to use for fighting the Cold War. A number of people also enriched themselves on Japanese plunder, including the infamous Ferdinand and Imelda Marcos, and physically deposited a large amount of their gold at major banks around the world, including Credit Suisse.
The gold was first “sanctified” to remove its mineralogical fingerprint, so that its mine of origin could not be pinpointed, and in some cases, other gold mixed in to create a completely new and different “fingerprint”.
When the heirs of these depositors – or, sometimes, the depositors themselves – have attempted to reclaim some of their accounts, the bank has refused to acknowledge that the deposits exist, that the gold certificates are valid, or that the signatures of their top personnel on documents have any meaning, according to these accusers.
Some have claimed that the bank offered them large payments (but smaller than the gold value) to leave and never return, while others state that they have been threatened, or subjected to frivolous legal harassment intended to blacken their reputation in order to weaken any claims against the gold accounts to the point where any attempt to regain the gold deposits at Credit Suisse would be legally impossible.
There is no way to learn the truth of these allegations, though there is a large amount of highly suggestive circumstantial evidence, but there exists the intriguing possibility that today’s Credit Suisse 10 ounce gold bars are minted from Japanese war loot, originally sacked from rich Chinese, Buddhist temples, Asian banks, and other hoards during the Second World War.