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Dutch bank ABN AMRO closing customer gold accounts
9:31p ET Tuesday, March 24, 2020
Dear Friend of GATA and Gold:
Netherlands news organization Geotrendlines reports today that the Dutch bank ABN AMRO is leaving the gold business and warning its gold customers to sell their metal by April 1 or the bank will sell it for them. For years now the customer gold has been only unallocated anyway, with Swiss bank UBS being custodian and customers unable to liquidate into metal for delivery.
Geotrendlines' report is headlined "ABN AMRO Abandons Gold Investors" and it's posted here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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