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A Swiss Bank Refuses to Hand Over an American Depositor’s Gold.
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<p>[QUOTE="Conder101, post: 1697744, member: 66"]I'm sure the story is probably true, I saw the reports on the Dutch bank informing their depositors that they would no longer be able to get physical delivery of their gold over three weeks ago. They sent letters to the depositors informing them that as of April 1st they could no longer receive gold but would receive currency based on the amount of gold they requested from their account at the current bid price. The bank would still continue to accept physical gold deposits though. And they timed these letters to arrive on Friday March 29th.</p><p><br /></p><p>I do have to admit I was somewhat skeptical myself at first because of the April 1st date that the policy was to go into effect. but the earliest report I can find on it was Mar 25th. the bank was ABN AMRO the largest bank in the Netherlands[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1697744, member: 66"]I'm sure the story is probably true, I saw the reports on the Dutch bank informing their depositors that they would no longer be able to get physical delivery of their gold over three weeks ago. They sent letters to the depositors informing them that as of April 1st they could no longer receive gold but would receive currency based on the amount of gold they requested from their account at the current bid price. The bank would still continue to accept physical gold deposits though. And they timed these letters to arrive on Friday March 29th. I do have to admit I was somewhat skeptical myself at first because of the April 1st date that the policy was to go into effect. but the earliest report I can find on it was Mar 25th. the bank was ABN AMRO the largest bank in the Netherlands[/QUOTE]
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