mercredi 6 juin 2012

Swiss Bank Copies MF Global Fraud, Averts Disaster

Switzerland: As the global banking system continues to unwind, fraud even has reached Switzerland! 

A Swiss bank was caught unable to deliver gold that was 'allocated' to a depositor's account, which means it was supposed to be segregated from all other gold and held exclusively for the depositor's use. Yet, when delivery was requested, the bank didn't have it. The message is clear: In the days ahead, if you entrust your bullion to banks, prepare to suffer greatly.