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<p>[QUOTE=&quot;desertgem, post: 1675159, member: 15199&quot;]This seems to be the same as the Bank of China&#039;s accounts where you bring paper into the bank, they then &#039;convert&#039; the value to gold which they store, but never can be physically removed. It just reflects the price of gold in the market. When the Chinese patron wishes to take it out, it is converted ( and it doesn&#039;t seem as nice as the Dutch solution) by their own formula to Yuan paper money. The gold stays with the bank. In this case, it seems the Dutch bank passed it on to another custodian ( Prob. JPMorgan&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> ). I am sure it is all in the prospectus of the fund, and usually not read by the customer.[/QUOTE]</p><p><br /></p>

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