European bank confiscates precious metals including Gold, Silver, Platinum, and Palladium,
ABN Amro Halts Physical Gold Delivery – Another Sign All Trading is Simply For Pieces of Paper
In a letter to clients, Dutch bank ABN Amro has told clients that they will no longer be providing physical delivery of precious metals including Gold, Silver, Platinum, and Palladium. ABN blames the change on its switch of precious metal custodians. Clients owning precious metals will see their account balances adjusted by the prevailing Bid prices of gold.
Source:
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=de9c8524-faa3-4f79-8569-0124d5f5eaac
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