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Dutch bank halts gold delivery

Dutch bank halts gold delivery

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K

Germany

Joined
27 Oct 08
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3118
Clock
25 Mar 13
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Originally posted by Eladar
Just used two today!

Paid my electric and gas bills. 😀 Used one earlier this month to pay my water bill.
Wow. Did you also use one to pay the driver of your horse and carriage?

n

The Catbird's Seat

Joined
21 Oct 06
Moves
2598
Clock
25 Mar 13

Originally posted by KazetNagorra
Wow. Did you also use one to pay the driver of your horse and carriage?
I don't use personal checks, but I do buy 4 money orders each month to pay bills.

E

Joined
12 Jul 08
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13814
Clock
26 Mar 13
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Originally posted by KazetNagorra
Wow. Did you also use one to pay the driver of your horse and carriage?
No, but I did use the US postal service, about the same I'd say.

n

The Catbird's Seat

Joined
21 Oct 06
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2598
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26 Mar 13
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Originally posted by KazetNagorra
Wow. Did you also use one to pay the driver of your horse and carriage?
At least for the time being, Federal Reserve Notes are "legal tender" in the US. That isn't a given forever.

moon1969

Houston, Texas

Joined
28 Sep 10
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14347
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26 Mar 13
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Originally posted by Metal Brain
Why would a bank do this?

http://www.silverdoctors.com/dutch-bank-abn-amro-halts-physical-gold-delivery/

I have never understood why anybody would not want to hold physical gold and have a mere piece of paper. Sure, that paper is supposed to be backed by gold but why trust a bank so much? They could be selling it without your knowledge and you wou ...[text shortened]... immediately if I had any gold there.

Will it result in a run? Will other banks do the same?
This advertisment is another fringe survivalist freak disortion to get the stupid gold nuts to buy gold.

MB

Joined
07 Dec 05
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22643
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27 Mar 13
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Originally posted by moon1969
This advertisment is another fringe survivalist freak disortion to get the stupid gold nuts to buy gold.
Perhaps it is an April fools joke.
There are smart reasons to buy gold. No need for distortions

http://www.nytimes.com/2011/03/29/business/29shrink.html?pagewanted=all&_r=0

b
Enigma

Seattle

Joined
03 Sep 06
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3298
Clock
27 Mar 13
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Originally posted by Metal Brain
Why would a bank do this?

http://www.silverdoctors.com/dutch-bank-abn-amro-halts-physical-gold-delivery/

I have never understood why anybody would not want to hold physical gold and have a mere piece of paper. Sure, that paper is supposed to be backed by gold but why trust a bank so much? They could be selling it without your knowledge and you wou ...[text shortened]... immediately if I had any gold there.

Will it result in a run? Will other banks do the same?
Yes...it WILL result in a run on the bank, and other banks will soon follow! For once you turn to the dark side, there's no turning back, consume us, it will! I can see it happening now!!! AAAAAGGGGGHHHH!!!! 😲😲😲😲😲

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