I have just seen this article in the news today that clients of Germany’s biggest bank Deutsche Bank who have invested in the exchange-traded commodity called Xetra-Gold are not able to obtain their physical gold, according to this German analytic website Godmode-Trader.de.
However even though that the claims state that every virtual gram of gold is backed by the same amount of physical gold the clients are being refused the Gold upon demand. You can read the full article here https://www.rt.com/business/357890-deutsche-bank-gold-germany/?utm_source=rss&utm_medium=rss&utm_campaign=RSS
In my previous posts I have always said that you should always invest in the Actual Physical Gold OR Silver so that you have full control of it & more importantly, that you ACTUALLY OWN IT, this is paramount when it comes to investing in precious metals like Gold & Silver.
Here are my previous posts about investing in Physical Silver
https://steemit.com/investment/@stillsafe/why-silver-will-reach-at-least-usd1000-an-oz
Thank you very much for reading my post! Please remember to follow me @stillsafe
Hasn't the majority of the German banks been trying to receive their gold from the federal reserve for almost a year now?? Federal reserve says it will take up to 8 years to return the gold back to Germany
https://www.rt.com/business/336405-germany-gold-reserves-return/
This has been going on for a while now
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That is correct the Federal Reserve are stalling Germany!
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Thanks for passing this along. "Buy physical" <--> "don't keep your coins on an exchange"
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You are welcome! :) Thank you for upvoting! :)
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