ROYAL BANK OF CANADA NOT DELIVERING ON GOLD CERTIFICATES-HINT:IF YOU CANT TOUCH IT YOU DONT OWN IT!
I do consulting nationwide for a very large company and I have a client who lives here and in Canada for part of the year. A while back, when they were in Canada, they wanted to buy some gold, but could not find suitable storage for what they wanted to buy (over 1,000 ounces). The ROYAL Bank of Canada talked them into buying gold certificates...
As you may have guessed, they now have a problem. Over 2 months ago, they requested to get delivery of the physical. THEY CANNOT GET A RESPONSE! the bank is ignoring them. I advised them to get on a plane and go up there and settle this asap, before its too late. (Maybe they can at least get some of it).
If you have any better advice, I would love to hear it, but they are now realizing that they may not have any actual gold at all..
Mark NOTE : HE CORRECTED WHICH BANK NOT BANK OF CANADA BUT ROYAL BANK OF CANADA-HE APOLOGIZED FOR CONFUSION
Sep 10, 2013