Non-Paper Gold Storage Fees

[MachineGhost]

Safety deposit boxes, vaults, storage, etc. anything applies so long as it's actual physical and directly held gold in allocated or unallocated form.

[mathjak107]

chase bank /jp morgan may have started a trend . gold bullion  and cash can no longer be stored in a chase box . some other smaller banks have followed  their lead .



http://www.internationalman.com/article ... th-storage

[barrett]

chase bank /jp morgan may have started a trend . gold bullion  and cash can no longer be stored in a chase box . some other smaller banks have followed  their lead .

http://www.internationalman.com/article ... th-storage

That link makes clear what the author thinks the long-term bank strategy is (not sure I believe it, but that's for another time). My question is what is the very next move on the part of Chase? I mean, what is their plan for enforcing this new safe deposit box rule?

[mathjak107]

like we saw in hurricane sandy  safe deposit boxes were only as secure at the building was . we saw so many banks destroyed and safe deposit boxes broken in to .

it wouldn't be my choice anymore for anything valuable .

[MachineGhost]

That link makes clear what the author thinks the long-term bank strategy is (not sure I believe it, but that's for another time). My question is what is the very next move on the part of Chase? I mean, what is their plan for enforcing this new safe deposit box rule?

Surveillance of the safety deposit box contents, probably.  All in the name of fighting "terrorism", of course!