GOLD 0.51% $1,391.7 gold futures

something very strange................., page-37

  1. 551 Posts.
    Because to fill your order for 100k they have to order in an extra 100k that day. which means having almost double the cash they would ordinarily have on hand. For banks this is an unnacceptable security risk.

    Bear in mind also - a 5k or more cash transaction will draw the notice of the authorities. Banks are required to report all cash transactions above 5k to the authorities who are looking out for money launderers. Having had to fill out many of reports I can tell you what a pain in the arse it is. They can take 15 minutes or more... which may not sound like much, but when you have a line of people going out the door looking at you with death eyes because you're no longer serving them - I can tell you... It's a pain.

    Trust me - you're just making life difficult for everyone... and for what? Some crazy thing you read on the internet?
 
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