Scotiabank to close its metals business – no more gold and silver from them.

Sharing is Caring!

This might be a sign to come from other banks…

Interesting times are certainly ahead of us all…

business.financialpost.com/news/scotiabank-to-close-its-metals-business

Bank of Nova Scotia is closing its metals business, a division whose origins date back centuries and that brought prominence — and then lawsuits — to Canada’s third-largest bank.

Employees were informed of the decision to shutter the operation during a conference call Tuesday morning, sources told the Financial Post.

www.kitco.com/news/2020-04-28/Scotiabank-to-close-its-metals-business-sources.html

www.scotiabank.com/ca/en/personal/investing/precious-metals.html

No more gold bullion or silver…

Is this going to be a trend…

Since 1684 Scotiabank has been in the metals trade…

 

h/t COVID19

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