Anonymous Coward User ID: 16520024 United States 05/22/2012 07:44 PM Report Abusive Post Report Copyright Violation | Greyerz - Customer Shocked “Allocated” Gold Not in Swiss Bank [ link to kingworldnews.com] [ link to kingworldnews.com] Today Egon von Greyerz told King World News that a client went to move a significant amount of “allocated” gold from a Swiss bank, but the bank shocked the customer because they did not have the gold. Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland. Von Greyerz also said, “the risk of having gold in the banking system is major.” But first, here is what Greyerz had to say about the bank runs in Europe: “This is just amazing, Eric, you couldn’t write a better story than this. We have bank runs in Greece and Spain, and now a French bank, one of the biggest mortgage banks, is also having problems. Ireland, they thought they were all right, but they need more money.” |
Kirk
User ID: 10818676 United States 05/22/2012 07:46 PM Report Abusive Post Report Copyright Violation | Re: Greyerz - Customer Shocked “Allocated” Gold Not in Swiss Bank Only an idiot doesnt take delivery stories abound Government is a body largely ungoverned. |
Anonymous Coward (OP) User ID: 16520024 United States 05/23/2012 08:32 AM Report Abusive Post Report Copyright Violation | Re: Greyerz - Customer Shocked “Allocated” Gold Not in Swiss Bank John Embry - Banks Are Loaning Out “Allocated” Gold [ link to kingworldnews.com] they cant eat it but they could sure steal it. |