Posts Tagged ‘silver bullion’

On July 17, I wrote about Scotiabank’s near-empty gold vault and gold certificates.

From their 2009 annual report, on page 123, they don’t list gold and silver bullion and certificates separately.

Under “11   Other liabilities” as of October 31, 2009, they list:

Gold and silver certificates and bullion

For 2009, they reported $3.856 billion, and for 2008, $5.619 billion.

From their annual report, there is no way of separately knowing the value of gold bullion, silver bullion, gold certificates and silver certificates held for their customers.

Also, despite them selling platinum and palladium products, they’re not listed on their annual report at all, despite palladium outperforming gold, silver and platinum in 2009, and platinum being the overlooked investment metal and currency.

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