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Thursday, July 12, 2012

Are Banks Raiding 'Allocated' Gold Accounts?

In 2007, Morgan Stanley paid out $4.4 million to settle a class-action lawsuit by its clients after Morgan Stanley charged them to buy and "store" precious metals for them,  but neither bought or stored the metals.

(Similarly, a 2011 class-action lawsuit filed in federal court in New York accused UBS Financial Services of misleading silver investors and harging them storage fees for metal that was never actually purchased,  segregated, and stored for them.)

Take possession of physical gold.

Posted via email from iPT Perpetual Traveler

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