Greyerz Says Another “Well-Known” Swiss Bank Just Refused To Let A Client See The Gold The Bank Is Supposedly Storing For Them

Greyerz Says Another “Well-Known” Swiss Bank Just Refused To Let A Client See The Gold The Bank Is Supposedly Storing For Them from King World News

It’s happened again. For the second time in less than a week, the man who has become legendary for his predictions on QE, historic moves in currencies, told King World News that another scandal is unfolding in Switzerland as a second major Swiss bank has has just refused to let a client see the gold that the bank is supposedly storing for them.

What In The World Is Going On With Swiss Banks?
Eric King:  “Egon, the piece went viral on KWN where you exposed the fact that one of the Swiss banks refused to hand over a client’s gold.  You also exposed more shocking information about what is happening with other Swiss banks.  What in the world is going on with the Swiss banks?”

Egon von Greyerz:  “Eric, this week we had another situation unfold at an extremely well-known and respected Swiss bank.  A wealthy, long-time customer went to the Swiss bank and requested to see his gold bars.  The Swiss bank responded, ‘You can’t see them.’…

This gentleman has, according to a statement from the Swiss bank, a very large number of gold bars on deposit at this bank.  Eric, I would call it ‘a significant amount of gold.’  And yet the Swiss bank said to this wealthy client, ‘No, we’re not going to show them to you — we can’t.’  The client was furious and now wants his gold and other assets out of that Swiss bank.

But this is what’s happening now.  We talked in my previous interview about how banks are refusing to send clients’ gold anywhere.  What’s happening is these banks are putting up obstacles to prevent clients from taking gold or other assets out of the bank.  

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King World News

Interviews with market experts from around the world with a focus on precious metals.