in case your readers are interested.
http://www.oneworldchronicle.com/?p=12977
If this is true, and I have no reason to disbelieve the report, I wonder how many of these people wish they had taken up my service to open up a swiss bank account or deposit box for them in total secrecy and get their gold to those safety deposit boxes for them?An interesting development in the precious metals market is the largest Dutch bank, ABN Amro, has said that they will no longer be providing physical delivery of precious metals including gold, silver, platinum, and palladium bullion coins and bars.
ABN AMRO, one of the largest banks in Europe announced in a letter to clients that it would no longer allow clients to take delivery of their metal and instead will pay account holders in a paper currency equivalent to the current spot value of the precious metal.
Thus, instead of legally owning a risk free, physical asset (a bullion bar or a bullion coin), the bank’s clients are now unsecured creditors and are now exposed to the bank and the financial system – somewhat defeating the purpose of owning precious metals.
The move highlights the importance of owning physical bullion either in your possession (be that be in a safe or vault in a house, in the attic, under the floorboards or elsewhere in your possession) or in a secure vault in a country that is stable and respects property rights.
I hope all those customers of ABN AMRO like spending the colourful copyrighted paper called EUROS!! LOL!! It looks like they are NEVER going to see their gold again! LOL!!
I have been giving men GREAT ADVICE for a long time now.....and what did they do? Ignore me. And what has happened? Tens of thousands in Cyprus just got a hair cut. ABN AMO customers just had their gold confiscated, seemingly, the Irish economy has collapsed into the ground. Australia is a police state. Millions in the US are slipping into poverty, hopelessness and despair.
And how am I doing? Just great. Why? I took my own advice....I ate my own dog food. So I can have no sympathy for all those who ignored me and are the worse off for it.....maybe some men will start taking my advice soon? Maybe more men will be willing to sit on new juries in new courts now that we are going to allow jury members to be anonymous....