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Gold Bank Run Begins
serf
Member Posts: 9,217 ✭✭✭✭
Could be nothing but then....
serf
http://www.silverdoctors.com/dutch-bank-abn-amro-halts-physical-gold-delivery/
With the transition to the new custodian, the following will change for you as of 1 April 2013:
You can no longer request physical delivery of your precious metals from us
Do you execute orders for precious metals via the ABN AMRO account? Then the settlement of these orders are henceforth performed at bid price or ask price prevailing on the market for precious metals. No longer on the mid-price, as you are used to.
The bid price is the price that merchants offer for precious metals that are put up for sale, when you sell.
The ask price is the price at which traders want to sell precious metals, when you buy.
From now on we will value the precious metals in your investment portofolio at bid prices
serf
http://www.silverdoctors.com/dutch-bank-abn-amro-halts-physical-gold-delivery/
With the transition to the new custodian, the following will change for you as of 1 April 2013:
You can no longer request physical delivery of your precious metals from us
Do you execute orders for precious metals via the ABN AMRO account? Then the settlement of these orders are henceforth performed at bid price or ask price prevailing on the market for precious metals. No longer on the mid-price, as you are used to.
The bid price is the price that merchants offer for precious metals that are put up for sale, when you sell.
The ask price is the price at which traders want to sell precious metals, when you buy.
From now on we will value the precious metals in your investment portofolio at bid prices
Comments
They just stole your money by giving bid prices.
$20 oz?