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The largest Dutch bank refuses to give out to clients physical gold

physical goldLast week, the market of precious metals has been passed the Rubicon, when one of the largest European banks defaulted on its gold contracts and notified customers that it has no physical gold for delivery.

The largest in the euro zone Dutch bank ABN AMRO sent letters to their depositors’ gold of the impossibility of its issuance. Instead, the account holders will be able to get an equivalent spot price of the precious metal in paper currency.

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Posted by on April 5, 2013 in Historical, Mysterious

 

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