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<p>[QUOTE=&quot;Morgan1878, post: 747178, member: 17869&quot;]It&#039;s more profitable for HSBC. Instead of dealing with a huge herd of gold storage clients with all of the attendant documenting, paperwork, mailings etc. not to mention all sorts of inventory (coins, bars, of various sizes) they will only have a few clients to track. For example, First Eagle Gold fund has 2.2 million oz of gold there. They have not been asked to leave...</p><p><br /></p><p>Somewhere in the paperwork each client signed, there&#039;s a clause that says HSBC can tell you to find storage elsewhere.[/QUOTE]</p><p><br /></p>

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