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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gold inventory is the lowest it has ever been at just 87K ounces since December 13, 2013 when 147K ounces of gold was withdrawn - keep that date in mind for a few minutes)?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
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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.)
To: jiggyboy; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; ...
To: Nachum
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)
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.)
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
To: onyx
26
posted on
01/26/2014 9:04:49 PM PST
by
caww
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.)
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
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!)
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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