Well I see a picture emerging that is highly disturbing and frightening to say the least.
I would like to think that customers’ funds should be absolutely sacrosanct, unless I’ve unwittingly consented, in the fine print, to them dipping into my personal funds and gambling with it, which would be the height of deception, to say the least.
The CBA’s CDIA account is ostensibly held by CBA, so no sure if that means these funds are guaranteed, but of course the funds need to get from comsec to this account first.
The more one looks into this, physical Au and Ag look indubitably the best, and almost only, answer to the mess the (financial) world is in.
But thanks to all, and keep stream of thoughts flowing…………
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