JPMorgan's Gold Vault Has Biggest One-Day Withdrawal Ever

zero hedge ^ | 1/24/14 | Tyler Durden

[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gold inventory is the lowest it has ever been at just 87K ounces since December 13, 2013 when 147K ounces of gold was withdrawn - keep that date in mind for a few minutes)?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.

[Nachum]

Just before the State of the Union address...

[TheZMan]

What ... on earth is going on here?

[RinaseaofDs]

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.

[killermosquito]

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

[Octar]

Just before the State of the Union address...

Get your duck calls ready!

[dragonblustar]

Are the Germans buying it up or China?

[SMARTY]

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

[onyx]

Hold gold, like my Daddy always said.

[RedWing9]

I don't get it, it says: since December 13, 2013 when 147K ounces of gold was withdrawn, but there is not a matching line on the chart

And except for the matching figure between Jan 2014 and Dec 2012, what about the other 6 times more than 100k has been withdrawn?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?

[Nachum]

Wonder what the dates were for the withdrawals.

[Vendome]

Pretty funny, if Assay so myself

[PAR35]

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

[ScubieNuc]

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

[Vendome]

AU shucks...

[Karl Spooner]

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.