Counterparty risk in living color: UBS refused to pay 9kg of gold from a gold account to a German client, unless he proves that the gold had been declared to German tax authorities. The case went to the Swiss high court and remains open.

https://twitter.com/S_Mikhailovich/status/1218593225771896834

Submitted January 20, 2020 at 02:34AM by LividBacon https://ift.tt/2R7IQlK

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