“Get Your Gold the Hell Outta Here!”
January 10, 2010 at 14:46 PM EST
By Doug Hornig, Casey’s Gold & Resource Report That’s the directive that came down from HSBC USA in late November. It seems that everyone these days wants gold. Real, physical gold coins that they can hold in their hands, or bars that they’re assured are resting safely in a well-guarded vault. HSBC’s New York vault, for example, buried deep below its 5th Avenue tower, where it has stored people’s gold since it inherited the facility from Republic Bank a decade ago. But no more. HSBC has served notice to its retail customers – many of whom are simply middle-men and custodial services which…