Monday, July 22, 2013

"Massive Fire" JP MORGAN gold depot

Via walfred


First time I've seen it. 

 A journalist on scene on Wall Street filmed footage of a massive fleet of Firetrucks and ambulances in front of JP Morgan's former headquarters at 1 Chase Manhattan Plaza, with fire-fighters stating they are responding to a COMMERCIAL VAULT FIRE IN THE BASEMENT of JPM's headquarters at 15 Broad St!

With JPM's gold inventory plunging 66% Friday to an all-time low of 46,000 ounces, and with reportedly over 502,000 ounces still standing against JPM for the JUNE gold contract, is the long anticipated force-majeure event in progress?

3 comments:

  1. And if people believe that one, I have a chicken that lays diamond studded eggs.....

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  2. Via WiscoDave

    Did A Raging Fire Burn Down JPMorgan's Gold Vault?
    http://www.zerohedge.com/news/2013-07-21/did-raging-fire-burn-down-jpmorgans-gold-vault
    It appears the confusion stems from the Fire Brigade's designation of the fire as taking place at "JP Morgan's building" which indeed is where the Fire Brigade was located. However, it is the 23 Wall Street building, also known as the "JPMorgan building" formerly owned by JPM, and subsequently owned by Morgan Guaranty Trust Company, best known for being the site of the September 16, 1920 Wall Street bombing, when 38 people were killed and 400 injured. Ironically, as was then reported, "because the Morgan building was so well known, many assumed that the target of the assumed anarchist bombing was actually the bank itself."

    Could there be a vault in the Downtown residential building, and could the FDNY have been responding to a fire in such a "commercial vault"? Of course: as anyone who has ventured into the skyscraper forest of New York's Financial District knows, there is an underground vault in virtually every building.

    However, was this the JPMorgan gold vault? Certainly not.

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