Deutsche Bank Refuses Delivery Of Physical Gold Upon Demand
Deutsche Bank Refuses Delivery Of Physical Gold Upon Demand
In short, despite the claim by the company that each paper ounce of gold is matched with a physical ounce, they have over-printed the paper, running their gold scheme on a fractional reserve basis, only holding enough gold for a "reasonable" expectation ot demands for delivery. For most people who bought these paper contracts, the gold is not actually there.
If you invest in gold, take it in physical. Buy a safe (and a shotgun). Keep it under your control. t/y Michael Rivero
http://www.zerohedge.com/news/2016-08-31/deutsche-bank-refuses-deli...
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