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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 451.79+1.8%Jan 22 4:00 PM EST

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To: carranza2 who wrote (150856)11/25/2019 2:17:44 AM
From: TobagoJack  Read Replies (1) of 219658
 
a casual perusal

Even a non-legal expert can discern that the letter essentially says the bank that issued the paper gold (unallocated / non-physically backed) paper shall hence force no longer recognise any collateral value on any loans secured against the now officially collateral-worth-zero paper

A disturbance in the Force ... a lot of totally stuffed people should many folks borrowed against their erstwhile full-value paper gold

they have a choice, sell their paper gold at inconvenient time and pay off loan, or
move cash from accounts w/ other banks to make good basic margin call at HSBC

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