Tuesday, November 6, 2018

Where is the gold?

Venezuela demanded from the Bank of England to repatriate 14 tons golf of its reserves worth more than $500 million. 
Comments:
(Anon 1): Bet the Bank of England no longer has it. Gold delivery obligations on the fraudulent COMEX have been shunted over to London for months now via an instrument called Exchange for Physical (EFP). You can read Harvey Organ or the GATA website to learn more. Less than five tons of physical gold on the COMEX now. Not enough registered (deliverable) gold to meet demand.
(Anon 2): Good luck with that. Germany tried to get their gold back from the U.S. a few years back, they were told to wait. Then the U.S. set up a deal to show Germany the gold that was actually borrowed from JPM.The growing concern about the gold sitting under Manhattan has become a touchy subject ever since Germany announced earlier this year plans to repatriate its gold from Fed vaults. Some have said the move signifies German mistrust of the Fed. Others argue the Bundesbank is just one of many central banks keen on rebalancing its own gold reserves.
So where does JP Morgan fit in? Months ago ZeroHedge drudged up the fact that JPM-owned 1 Chase Manhattan Plaza has, on its fifth sub-basement, the world's largest bank vault.
You know who else has five sub-basements? The New York Fed. You know what building is across the street from 1 Chase Manhattan Plaza? You guessed it:
Yup. JPM's vault, the largest in the world, is possibly inches away from the Fed's gold vault. Across the street, on the same level underground
J: Years ago I was tempted to speculate in gold but I suspected that COMEX is fake. It looks that I was not the only one. 


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