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Massive fire JP Morgan gold vault! Hmmm.

Discussion in 'Off Topic' started by timac, Jul 21, 2013.

  1. timac

    timac Loading Magazines! Well-Known Member

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    BREAKING: Massive Fire Reported In The Basement At The JP Morgan Gold Warehouse On Wall Street, 20 Firetrucks Showed Up!

    July 21st, 2013
    5161 141 22 8 5556

    20 Firetrucks, 4+ ambulance and police showed up
    There is zero media coverage about this beside Stopmotions stream of the event and a few locals tweeting about it
    This is supposedly where JP Morgan keeps their gold. The very same gold that has been dwindling down at astonishing rates lately. JP Morgan warehouse 100 feet below CMP 1 on Wall Street.
    Tons of Fire Trucks and even Ambulances on the scene.


    FDNY Confirms Fire in JPMorgan/Chase Vault

    See this link from FDNY on Twitter:

    New York &#8211; There has been a fire in the basement of the JP Morgan headquarters in New York. Independent Journalist StopMotionsolo was on scene to film the action from outside.
    ?Basement Fire? At JP Morgan?s Headquarters | Patriot News Organization
    *UPDATE: FDNY tweet confirms fire is in a commercial vault!
    A journalist on scene on Wall Street this evening has just sent us footage of a massive fleet of Firetrucks and ambulances in front of JP Morgan&#8217;s headquarters at 1 Chase Manhattan Plaza, with fire-fighters stating they are responding to a COMMERCIAL VAULT FIRE IN THE BASEMENT!

    With JPM&#8217;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?

    Massive Fire Reported in Basement Vault of JPM Building! Gold Force Majeure? | SilverDoctors.com
    Did A Raging Fire Burn Down JPMorgan&#8217;s Gold Vault?
    Did A Raging Fire Burn Down JPMorgan's Gold Vault? | Zero Hedge
    7-19-2013 JPM Eligible Gold Plummets By 66% In One Day To Just Over 1 Tonne, Total Gold At Fresh All Time Low.
    For over a month, JPMorgan managed to mysteriously avoid matching up the gold held in its (world&#8217;s largest) vault with the Comex delivery notice update. However, as of today, that particular can will be kicked no more. Starting yesterday, JPM reported that just under 12,000 ounces of Eligible gold (the same Registered gold that two days earlier saw its warrants detached and convert to eligible) were withdrawn from its warehouse 100 feet below CMP 1. But it was today&#8217;s move that was the kicker, as a whopping 90,311 ounces of eligible gold were withdrawn, accounting for a massive 66% of the firm&#8217;s entire inventory of non-Registered gold, and leaving a token 46K ounces, or a little over 1 tonne in JPM&#8217;s possession.
    JPM Eligible Gold Plummets By 66% In One Day To Just Over 1 Tonne, Total Gold At Fresh All Time Low | Zero Hedge
    JP Morgan has record modern-era lows in gold inventory against massive paper claims. Similarly, the COMEX is running close to empty as well against massive outstanding paper claims.
    William Kay: Purpose For Major Gold Raid Was to Prevent All Major Bullion Banks From Defaulting Like ABN Amro! | SilverDoctors.com
  2. pokerace

    pokerace Newberg Well-Known Member

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    how to get out from under what they owe??
    1 person likes this.
  3. Certaindeaf

    Certaindeaf SE Portland Well-Known Member

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    They were probably trying to liquidate. get it? har
  4. 308

    308 ΜOΛΩΝ ΛΑΒΕ ΜOΛΩΝ ΛΑΒΕ Silver Supporter

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    Must be a lot of flammable stuff in a gold vault 100ft below the corner Starbucks...
    1 person likes this.
  5. fredball

    fredball Vancouver, WA Well-Known Member

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    I'm thinking Obama fell off his wallet and got injured