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Re: the cork post# 38505

Tuesday, 11/26/2019 1:41:33 PM

Tuesday, November 26, 2019 1:41:33 PM

Post# of 44342
HSBC Hong Kong preparing to not honor paper gold contracts they sold


Letter sent out

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

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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