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Bullboard - Stock Discussion Forum Westgold Resources Ord Shs T.WGX

Alternate Symbol(s):  WGXRF

Westgold Resources Limited is a mid-tier gold producer and international gold company. The Company is engaged in the exploration, development and operation of gold mines, primarily in Western Australia. The Company owns and operates all of its underground and open pit mines. Its operations include Murchison Operations, Meekatharra Gold Operations (MGO), Cue Gold Operations (CGO), Bryah... see more

TSX:WGX - Post Discussion

Westgold Resources Ord Shs > Geopolitical?
View:
Post by MaterialsMan on Aug 14, 2024 4:06am

Geopolitical?

I noticed that gold is making a pretty strong  move as I write. Also saw news that Ukrain is stepping up its incursion.
As an aside: I have a TD acc't in the states.
Local branches are refusing cash for certain transactions. I was floored.
I wonder what this portends. I don't think it's the only bank adoptting this policy.
Get ready for whatever.
Comment by Odinson on Aug 14, 2024 10:59am
I wonder what the refusing cash transactions is all about? Do they know something that isn't being disclosed?
Comment by Rainman01 on Aug 14, 2024 1:23pm
Maybe has something to do with money laundering as in large amounts of cash. This could be depositing larger cash denominations. I have never had any issues in the past only withdrawals of larger than 5 grand at a time they need some notice. 
Comment by MaterialsMan on Aug 14, 2024 6:56pm
Rainman, We are talking about a one hundred dollar money order here. In the U.S. banks are supposed to flag ten thousand dollar transactions.  I can buy that.  But a small money order for a long time account holder. Gimme a break. Something is wrong with that picture. I suspect that they may be preparing us for a cashless society.
Comment by Rainman01 on Aug 14, 2024 7:34pm
That is sad if TD can't accept cash for a one hundred dollar money order. 
Comment by Odinson on Aug 14, 2024 9:42pm
The same thing  applies in Canada. There is paperwork to fill out if a $10,000 plus deposit is made. Fintrac  requirement.  I'm going to see how things work tomorrow because I need to pull $3000 for a project. See if the Bank gives me dog lips!