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Precious Metals
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Re: That bail-in thing again . . . thanks Just want to thank you people for taking my question seriously. Your posts are a great starting point as I attempt to wrap my head around this topic. The apparently increasing threat of bail-ins led me to wonder about the security of the ownership of my shares, to the point where last week I paid a visit to the downtown Waterhouse office in hopes of getting some answers about registering shares in my name. The office was surprisingly vacant, but I did speak to a rather clueless twenty-something who gave me a fee booklet and a business card with a number to call. Today I called the number, left a message on the voicemail, and received no reply. Perhaps, if what BWT suggests in post 166046 is accurate, namely that a broker (in Canada) is a trustee and has "no property interest in the trust funds or property" in the account, then maybe beneficial shareholders are safe. Maybe bail-ins will only apply to cash balances in checking and savings accounts and certificates of deposit. The question is, do I want to take that chance. And, by the way, according to the Waterhouse fee booklet, registration services for Canadian companies (certificate and DRS statement) costs C$56.00. For US companies it's C$80.00. Great board, but I sure miss fair-say . . JMAC . . . |
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Msg # | Subject | Author | Recs | Date Posted |
167066 | Re: That bail-in thing again . . . thanks | babywildthing | 3 | 5/3/2016 12:43:32 AM |
167068 | Re: That bail-in thing again . . . thanks | denaliguide | 1 | 5/3/2016 8:55:29 AM |