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JPMorgan's Gold Vault Has Biggest One-Day Withdrawal Ever
zero hedge ^ | 1/24/14 | Tyler Durden

Posted on 01/24/2014 1:09:19 PM PST by Nachum

Curious why over the past few months JPM has quietly been accumulating a substantial amount of eligible physical gold (even as its registered gold inventory is the lowest it has ever been at just 87K ounces since December 13, 2013 when 147K ounces of gold was withdrawn - keep that date in mind for a few minutes)? This may have something to do with it: moments ago the daily Comex gold vault report confirmed what many expected, namely that the JPM accumulation was merely in advance anticipation of major withdrawals. How major? Well, on January 23, JPM saw 321,500 ounces of gold depart in one day. This was tied for the single biggest daily withdrawal in history!The last time JPM had an identically sized withdrawal? December 13.... 2012.


(Excerpt) Read more at zerohedge.com ...


TOPICS: Business/Economy; Germany; News/Current Events
KEYWORDS: comex; gold; goldvaultwithdrawals; goldwithdrawals; jpmorgan; jpmorgangold; jpmorgans; tungsten; vault; withdrawal
Just before the State of the Union address...
1 posted on 01/24/2014 1:09:19 PM PST by Nachum
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To: Nachum

What ... on earth is going on here?


2 posted on 01/24/2014 1:11:25 PM PST by TheZMan (Buy more ammo.)
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To: Nachum

Paying those recent fines in gold I see. Wonder if the Germans notice.

They recently requested repatriation of their gold, and the US told them sure - over the next 22 years or so.

Made national news in Germany and the rest of the EU.

Bet they’d all love getting that Nobel Prize back.


3 posted on 01/24/2014 1:11:40 PM PST by RinaseaofDs
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To: Nachum
JPMorgan's Dimon gets 74% pay hike despite legal woes CNN ‎- 3 hours ago Report says JPMorgan Chase board has voted to raise Jamie Dimon's pay after year in which bank paid $18.6 billion in fines and legal ...hmmmmm
4 posted on 01/24/2014 1:12:44 PM PST by killermosquito (Buffalo, Detroit (and eventually France) is what you get when liberalism runs its course.)
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To: Nachum
Just before the State of the Union address...

Get your duck calls ready!

5 posted on 01/24/2014 1:14:43 PM PST by Octar
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To: Nachum

Are the Germans buying it up or China?


6 posted on 01/24/2014 1:21:24 PM PST by dragonblustar (Psalm 37:7)
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To: TheZMan

Every time “O” is going to give a STOU speech we get this... or maybe it’s something else... dunno!


7 posted on 01/24/2014 1:21:39 PM PST by SMARTY ("When you blame others, you give up your power to change." Robert Anthony)
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To: Nachum

Hold gold, like my Daddy always said.


8 posted on 01/24/2014 1:21:57 PM PST by onyx (Please Support Free Republic - Donate Monthly! If you want on Sarah Palin's Ping List, Let Me know!)
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To: Nachum
I don't get it, it says: since December 13, 2013 when 147K ounces of gold was withdrawn, but there is not a matching line on the chart

And except for the matching figure between Jan 2014 and Dec 2012, what about the other 6 times more than 100k has been withdrawn? Isn't that significant?

9 posted on 01/24/2014 1:24:23 PM PST by RedWing9 (Jesus Rocks Zero Sucks)
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To: RedWing9

Wonder what the dates were for the withdrawals.


10 posted on 01/24/2014 1:26:08 PM PST by Nachum (Obamacare: It's. The. Flaw.)
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To: Nachum

Pretty funny, if Assay so myself


11 posted on 01/24/2014 1:34:46 PM PST by Vendome (Don't take life so seriously-you won't live through it anyway-Enjoy Yourself ala Louis Prima)
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To: TheZMan

Nothing to see here, move along.

We’ve all been assured by the gubmint (well except by CBO) and a few FReepers that all is well and the American economy is zooming along nicely.


12 posted on 01/24/2014 1:42:12 PM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: RinaseaofDs

Fortunately we don’t have a messianic (in his own mind and some followers) figurehead who really doesn’t have the best interests of Jewish people at heart.


13 posted on 01/24/2014 1:44:06 PM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: Vendome

A u - knock that off

;)


14 posted on 01/24/2014 1:45:52 PM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: Nachum

Each of the rich democrats was just pulling out a few hundred ounces to pay for Christmas presents.


15 posted on 01/24/2014 1:47:25 PM PST by PAR35
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To: TheZMan

People “packing up” and “cashing out” before America or should I say “Babylon” is destroyed. (Revelation 18)


16 posted on 01/24/2014 2:01:03 PM PST by ScubieNuc (When there is no justice in the laws, justice is left to the outlaws.)
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To: F15Eagle

AU shucks...


17 posted on 01/24/2014 2:18:37 PM PST by Vendome (Don't take life so seriously-you won't live through it anyway-Enjoy Yourself ala Louis Prima)
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To: ScubieNuc

You may not be far off.

“Cash is king, Marco; Cash is king”

“The Manchurian Candidate” (2004)

Hard gold is the new cash. Or should I say only valid currency.


18 posted on 01/24/2014 2:30:27 PM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: Vendome

lol


19 posted on 01/24/2014 2:30:57 PM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: ScubieNuc
People “packing up” and “cashing out” before America or should I say “Babylon” is destroyed. (Revelation 18)

That's the way I take it too. Even satan was a good guy once upon a time.

20 posted on 01/24/2014 2:35:01 PM PST by Karl Spooner
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To: RinaseaofDs

Make sure they have zeroed out their debt to the Marshall Plan, before sending.


21 posted on 01/24/2014 2:46:51 PM PST by SgtHooper (If at first you don't succeed, skydiving is not for you.)
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To: jiggyboy; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; ...

Goldbug ping.


22 posted on 01/26/2014 4:59:59 PM PST by Jet Jaguar
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To: Nachum

Bank runs in England?


23 posted on 01/26/2014 5:45:49 PM PST by GOPJ (Liberals never let something as petty as being 100% wrong stop them - Blood of Tyrants)
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To: TheZMan

The ducks are lining up for the chickens to come home to roost.


24 posted on 01/26/2014 5:49:34 PM PST by EBH ( The Day of the Patriot has arrived.)
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To: onyx

Buffit, Gates and other high rollers have been unloading vast amounts of stock as well....looks like the Big Boys are manipulating the markets again...to what end?

IS it looking like 08’ yet.....wonder who’s going to holler and beg this time around?


25 posted on 01/26/2014 9:00:30 PM PST by caww
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To: onyx

Chris expects the ‘central banks to mobilize gold back into the monetary system’.... This would perhaps mean a ‘new currency arrangement’ and a ‘revaluation of the gold reserves’.

View the full 34-minutes interview at:

http://youtu.be/IdQcN3FkymM
Read more at http://investmentwatchblog.com/a-new-currency-revaluing-gold-reserves-chris-powell-james-turk/#Z0mbeoRVtXzCCOQm.99


26 posted on 01/26/2014 9:04:49 PM PST by caww
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To: caww
There was an article earlier today (Sun) about a lot of "sell-off's" for 0% four week bonds. It was quoted on Zerohedge that "investors" were not selling to realize "gain", they were selling to realize their money (i.e, simply trying to get out what they put in and break even or at a slight loss).

I'm wondering if there isn't something after all to Jan 31 and a certain default in China.

27 posted on 01/26/2014 9:11:16 PM PST by Ghost of SVR4 (So many are so hopelessly dependent on the government that they will fight to protect it.)
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To: Ghost of SVR4

Well China’s got some ‘issues’ in the millions coming Janurary 31st I understand..and that won’t look pretty. But they will all “rescue” and “prop up” one another no matter how the games are played....we just can’t see the board they’re playing on except through the occasional light that comes our way...and they intend to keep it that way.


28 posted on 01/26/2014 9:19:09 PM PST by caww
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To: caww

WHOA.
I’d better save this for tomorrow morning for someone else...
Thanks so much.


29 posted on 01/26/2014 9:44:37 PM PST by onyx (Please Support Free Republic - Donate Monthly! If you want on Sarah Palin's Ping List, Let Me know!)
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To: onyx

Key phrases, from all venues, are revealing the larger picture as a restructuring....doesn’t really matter who has the revenue, gold and resources...it’s what they are building Internationally with it all...and who is going to control it when they’re done.

Things have all been moving East for years now....they are close IMO. They could have the entire banking system set up and operating in a week or less......so any crisis could give them the time to do that. Just a matter when they determine to do so...but it’s definatly coming....sooner rather than later....the world’s unrest won’t allow for them to dilly dally.


30 posted on 01/26/2014 10:13:14 PM PST by caww
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