is there really a physical shortage, page-2

  1. 24,765 Posts.
    Danhoff, there MUST be a shortage of physical gold.

    "Based on a letter to clients over the weekend, it appears Dutch megabank ABN Amro is changing its precious metals custodian rules and "will no longer allow physical delivery." Have no fear, they reassuringly add, your account will be settled at the bid or offer price in the 'market' and "you need to do nothing" as "we have your investments in precious metals."

    At http://www.zerohedge.com/news/2013-03-24/another-gold-shortage-abn-halt-physical-gold-delivery

    My conclusion is if there was no shortage of physical gold then ABN Amro would have no issues with physical delivery of the gold it held in trust for its clients.
 
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