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Koos Jansen: Dutch bank ABN AMRO didn't default on its gold obligations
8:30a ET Wednesday, July 2, 2014
Dear Friend of GATA and Gold:
Gold researcher and GATA consultant Koos Jansen reports today that when the Netherlands bank ABN AMRO got out of the gold business last year, it did not really default on commitments to customers. The bank's withdrawal from the gold business, Jansen writes, was essentialy prompted by corporate changes and a government order that had the effect of moving the bank's gold custodian to Switzerland. Jansen's commentary is headlined "Did ABN AMRO Default on Its Gold Obligations?" and it's posted at his Internet site, In Gold We Trust, here:
http://www.ingoldwetrust.ch/did-abn-amro-default-on-its-gold-obligations
CHRIS POWELl, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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