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May 31, 2016 / 23 Iyar, 5776

Posts Tagged ‘gold’

Jewish Gold Dealer Escapes Robbers En Route From Holland To Belgium

Monday, October 29th, 2012

It was a miracle en route to Antwerp: A gold dealer who lives in Antwerp, Belgium, was traveling in his car last Wednesday as he does every week, with a very large amount of gold in his case, B’Hadrei Haredim reported.

Driving from Holland toward Antwerp, the dealer noticed that a car was following him, but didn’t give it much thought.

He made a stop at a gas station along the highway to fill up his tank.

After he started driving about 300 meters out of the gas station, a car with blue lights ordered him to pull over. Three armed assailants got out of the car with their guns pointing at him.

The driver sped backwards into the gas station, got out of the car, grabbed his case from the back seat and ran into the store at the service station.

He shouted, “There is a robbery here!” and the shop owner immediately locked the doors and pressed an emergency alarm button. The shop was full of people at the time and the three unmasked bandits arrived on the scene within a short time brandishing their weapons.

They demanded that the owner open the doors and that the case with the gold be handed over to them. Police arrived on the scene shortly thereafter, but the criminals managed to escape.

After a thorough search, the bandits’ car was found abandoned. It had been reported stolen.

The main highway was closed due to the incident and there were traffic jams reported over the next six hours.

The Jewish man noted that when he was being interrogated by the police, he was asked if he hadn’t notice being shot at and he answered that he hadn’t. The police then showed him that the lower portion of the hood of his car had been hit by a few bullets. Apparently, the criminals used a silencer on their guns and he hadn’t realized his car had been hit.

On Shabbat, the man got an aliyah in shul and benched gomel.

Jewish Press Staff

Gold Buyers Beware: Fraudulent Gold Found in the Marketplace

Monday, October 22nd, 2012

A fake gold bullion bar makes a fine gag gift, but think twice before making it part of your investment portfolio.

What would happen if the gold bars you bought from a reputable dealer were “salted” with tungsten?

Word has been spreading that some gold experts have cracked open the gold bars that they bought only to discover tungsten (a metal worth about one-fifth of the value of gold) inside. Since tungsten has a similar density to gold, it’s easy to confuse people, amateurs and experts alike. With bars of gold that weigh ten ounces or more, using regular x-rays to determine the chemical composition of the metal doesn’t work well since the x-rays don’t penetrate deep enough.

Some alarmists have referred to the recent findings as evidence of a possible market-shattering conspiracy. What if there are hundreds or thousands of counterfeit bars of gold sitting in the vaults of companies and governments? If you can’t trust that the gold you buy is genuine, would you really buy it? Regardless of the veracity of the possibility that gold supplies are tainted, if people simply think that they are, the price of the commodity could start tumbling.

An additional way that falsified gold bars can affect the price of gold is that it also increases the cost of ownership of gold, as there may be increased costs involved in higher level testing for purity.

Regardless of how you purchase your gold, beware of the possibility that the whole gold marketplace might be affected by some bad eggs… just a reminder that you shouldn’t put all your eggs in one basket, no matter how shiny it is.

Buying novelty fake gold coins or a 24K gold dipped real rose is fine if that is your aim, but before you buy gold for an investment, you might want to read my previous post on buying gold.

Doug Goldstein, CFP®

From Fighter Pilot to Gold Medalist

Sunday, September 9th, 2012

Noam Greshuny’s story is one of triumph of the spirit.

Six years after being critically wounded during the Second Lebanon War, Gershuny won a gold medal at the Paralympics Games in London playing tennis, beating the number-one ranking player, American David Wagner 6:3, 6:1.

During the second week of the Second Lebanon War, on July 20th, two Apache helicopters on their way to an operation in Lebanon collided over Israel’s northern border. One pilot, Major Ran kochbah was killed immediately. The second pilot, Gershuny, was critically wounded. He spent months in rehabilitation, during which he discovered his love for tennis.

Six years later he made it to the top, bringing Israel its first gold medal from the London Paralympics Games and the first ever in tennis. His family and friends were at the game to support him.

When Greshuny ascended the podium to receive the medal and heard Israel’s national anthem HaTikvah playing in the background he was overcome by his emotions, shedding a tear.

Afterwards, Prime Minister Benjamin Netanyahu called the 29-year-old athlete to congratulate him, telling him “you symbolize the victory of the human spirit over the difficulties created by the reality in which we live.”

President Shimon Peres contacted Gershuny as well, saying, “You have proved that you are good on the court as well as you are in the sky.”

When Gershuny was interviewed by IDF radio he said, “I don’t know if it had an affect on me, the fact that I was wounded for the country, giving my life and body for her. I would do it all over again, even if I knew that this would be the outcome. This may have made me happier, the fact that I am able to bring so much pride to the country.”

Aryeh Savir, Tazpit News Agency

Aly Raisman Heading to Israel

Saturday, August 11th, 2012

Gold-winning American Jewish gymnast Aly Raisman has accepted an invitation from Israel Diaspora Affairs Minister Yuli Edelstein for her and her family to make their first visit to Israel.

Raisman, who performs floor routines to the melody of “Hava Nagilah,” won an individual gold medal in her floor exercise last week and a bronze on the balance beam after helping the U.S. women’s team take the gold.

Edelstein wrote an impassioned letter congratulating Raisman and invited not only the 18-year-old gymnast, but also her parents, Lynn and Rick, and her younger siblings Brett, Chloe, and Madison, to be his guests.

She accepted on Friday after a telephone conversation facilitated by Dan Shapiro, the U.S. Ambassador to Israel, according to The Post.

“For me personally, as the minister in charge of relations with Diaspora Jewry, hearing why you chose the song made me realize that the concept of Kol Israel Arevim Zeh Lazeh [All Jews are responsible for one another] still holds true and that the Jewish people remain united no matter how far apart we may live. I was impressed that someone so young made such a monumental, ethical decision,” Edelstein wrote to Raisman, The Post reported.

“Making your first visit to Israel is not only important because it is the homeland of the Jewish people but also because you can contribute from your experience to the young generation of Israeli athletes,” Edelstein reportedly added.

There were no details on the timing or length of the visit.

JTA

Aly Raisman Wins Gold and Bronze

Wednesday, August 8th, 2012

The Israeli Olympic team will go home without any medals for the first time since the 1988 Summer Olympics in Seoul, Korea, but Jewish-American gymnast Aly Raisman has done us proud, winning a gold medal in the floor exercise as well as a bronze on the balance beam at the London Olympics.

Raisman, 18, of Needham, Mass., took the gold Tuesday with a score of 15.6 to edge Catalina Ponor of Romania and Aliya Mustafina of Russia, the silver and bronze medalists.

Earlier in the day, Raisman won the bronze on the balance beam after the U.S. lodged a protest against the original result. She had finished fourth behind Ponor. Following the Americans’ protest, the rescoring put the two gymnasts in a tie. Under the tie-breaking procedure, Raisman took the bronze with a higher execution score. She had lost a bronze in the all-around on the same tie-breaker.

China took the gold and silver in the event. American Gabby Douglas, who won the all-around, also fell off the apparatus and finished seventh among the eight competitors.

Raisman had helped Team USA take the women’s team gold — the first Olympic gold medal for the U.S. gymnastics squad since the 1996 Games in Atlanta. Raisman won the floor exercise in the team competition while performing her routine to a string-heavy version of “Hava Nagila.”

Also Tuesday, Israeli windsurfer Lee Korzits had problems in the final and finished in sixth place after entering the medal race in second. She was ninth in the medal round.

Korzits, 28, won world windsurfing titles in 2011 and 2012. She did not qualify to represent Israel at the 2008 Beijing Olympics and considered retiring.

The following year she suffered a near-fatal surfing accident while working on the Professional Windsurfers Association’s tour in Hawaii. She was told by doctors that she would never surf again but she rededicated herself to the sport.

JTA

Aly Raisman Leads US to Gymnastics Team Gold

Wednesday, August 1st, 2012

Aly Raisman, a Jewish American, won the floor exercise in helping the U.S. women’s team to the gold medal in the gymnastics competition at the London Olympics.

Earlier this week, Raisman’s parents became part of You Tube lore with their clip of performance anxiety (Aly’s performance, that is).

The Americans on Tuesday won their first team gold medal in women’s gymnastics since the Atlanta Games in 1996, finishing with 183.596 points to defeat Russia (178.530) and Romania (176.414).

Raisman, 18, of Needham, Mass., scored 15.300 in the floor exercise to win the event, performing her routine to a string-heavy version of “Hava Nagila” as she did on Sunday. Raisman also had performed to “Hava Nagila” when she gained a berth on the U.S. team last year.

Raisman is favored to win the all-around individual competition on Thursday, as well as the floor exercise on Aug. 7, when she also will be competing in the balance beam final. She and Gabby Douglas are representing the U.S. in the individual finals.

Raisman is a recipient of the Pearl D. Mazor Outstanding Female Jewish High School Scholar-Athlete of the Year Award given out by the Jewish Sports Hall of Fame in New York.

JTA

Should You Sell Your Inheritance?

Friday, July 27th, 2012

 Just because someone else owned them, it doesn’t mean they’re good investments.

What did you do when you received a purple vase decorated with green stripes and gold roses as an inheritance from your late Aunt Minnie? Did you give it a place of honor in your breakfront, hide it away in the attic, or did you follow your spouse’s instructions and “sell that hideous thing because at least you might get some money for it”? Chances are that you wouldn’t dare sell the vase, simply because of its sentimental value.

When it comes to a financial inheritance, such as stocks or bonds, you would be surprised how many people keep holding onto these positions for sentimental reasons.

If you do inherit some money in the form of stocks or bonds, you have two possible options:

1. You could sell the positions and start from scratch.

2. You could keep them and try to maintain the portfolio.

Under the right conditions, either decision could work for you.

For example, if the original owner didn’t have a solid reason for holding them, but did so anyway because at the end of his life he really wasn’t thinking so clearly about money anymore, why do you need to keep them? If these investments aren’t doing so well, do you really need them?  Even if these investments were suitable and worked well for the person who left them to you, consider if they are appropriate for you and fit in with your overall financial plan. You may well be better off selling them and investing the money into something else that would be a lot more suitable for your personal situation and aspirations. And last, but by no means least, an investment is not an old vase. Whereas the worst thing that could happen to you by holding onto Aunt Minnie’s vase is that you have another dust collector in your living room, holding onto an investment for sentimental reasons can have a negative impact on your portfolio.

On the other hand, this doesn’t mean that you should automatically sell the investment just because you have inherited it. Take a look at it (preferably with the help of your financial adviser) and ask yourself whether you would have invested in this particular position if you didn’t inherit it. If the answer is positive, then keep it.

Sometimes, a person receives an inheritance and doesn’t know what to do, simply because they have never invested before.  The world of stocks, bonds, and mutual funds may not be familiar territory for everyone. If this is the case for you, consider taking the free course on “3 Tips to Dealing with Inheritances.”  If you anticipate receiving, or giving, an inheritance one day, this is knowledge you must have.

Doug Goldstein, CFP®

Printed from: http://www.jewishpress.com/blogs/goldstein-on-gelt/should-you-sell-your-inheritance/2012/07/27/

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