Swiss Bank Refuses To Give Client His Physical Gold

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/3/15_Swiss_Bank_Refuses_To_Give_Client_His_Physical_Gold.html

Today Egon von Greyerz surprised King World News when he said that a client of a Swiss bank was unable to get their gold, even though they had deposited the gold in physical form, out of a Swiss bank.  Below is what Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in his interview.

We’ve had a recent example, again, of a client who some time ago transferred his gold to a Swiss bank, and that was physical gold.  And then when the client now, recently, wanted to transfer the bars to a private vault, the bank didn’t have the physical, but only paper gold.