GOLD 0.51% $1,391.7 gold futures

even "allocated" gold may not be safe, page-23

  1. 5,273 Posts.
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    I think they have to take a trip to the reserve bank to get that type of cash. It costs them time and money.
    Not sure but I think they have to do an electronic transaction and have it transported through a special order. Big security risk.

    Banks only handle small amounts of cash for fx trade and service to customers. I bet I could get that within 24 hours. I would tell them a large client will close their $50 million account. Not saying I have that but I certainly know others with accounts that large.

    The gold boom is over.
 
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