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

 
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gold inventory is the lowest it has ever been at just 87K ounces since December 13, 2013 when 147K ounces of gold was withdrawn – keep that date in mind for a few minutes)?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.
Something tells us the next few days will see matching withdrawals from JPM’s gold vault, which at last check was officially owned by the Chinese.
And for those wondering how JPM’s total gold holdings look over time here it is:

SOURCE ZH

Advertisements

4 responses

  1. Get that beard and hat off Obama. Though it is clear it is sarcasm, you insult the memory of Mr Lincoln. Dirty though he was.

    And, I wish Obama would do something about that booger looking mole on the side of his nose. Looks like he blew the thing and it escaped the tissue. Sheesh!

  2. They did it again on the 27th…exactly 321,500 oz, or $400 million worth

  3. And now this post from ZH on 1/28/14 !:
    JPM Sees 28% Withdrawal From Gold Vault In One Day As Another 10 Tons Depart
    http://www.zerohedge.com/news/2014-01-28/jpm-sees-28-withdrawal-gold-vault-one-day-another-10-tons-depart

  4. JP Morgan's gold is fake. It is not gold it is tungsten immersed in impure gold. The real gold has been stolen in the seventies, by the Rockefellors and shipped to the central bank of the Rothschilds, as Dr. Peter David Beter discovered.

%d bloggers like this: