You are here
Swiss banks won't let depositors withdraw gold, Maguire tells KWN
3:35p ET Friday, July 20, 2018
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire today tells King World News he is hearing more complaints from gold owners that they lately have been refused withdrawal of their gold by Swiss banks, even though the gold supposedly was being held on an allocated basis.
These reports probably won't be taken seriously outside the gold bug community until the expropriated depositors identify themselves and their banks and complain in public. But then the advice to gold investors from Jim Sinclair, James Turk, and others long has been not to store gold in the banking system. Maybe people need a reminder.
Maguire's interview is summarized at KWN here:
https://kingworldnews.com/wtf-is-going-on-andrew-maguire-now-says-a-swis...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth
With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.
Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.
Crucial guides to storage in Singapore and Switzerland can be read here:
http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore
http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland
GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.
Email the GoldCore team at info@goldcore.com or call our trading desk:
UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.
Visit us at: http://www.goldcore.com
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
https://neworleansconference.com/
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
