EE_
30th January 2014, 10:48 AM
Well no wonder the price is dropping?
HAS A "RUN" BEGUN ON JP MORGAN / CHASE? DEPOSITORS REMOVE 44% of GOLD BULLION FROM BANK IN 4 DAYS!
Thursday, 30 January 2014 01:06
(TRN http://www.TurnerRadioNetwork.com ) -- A "run" appears to have begun against JP Morgan / CHASE Bank forcing the bank to disperse 44% of its physical gold from its vaults in just four days! If this continues, by close of business FRIDAY (January 31) JP Morgan / CHASE may not exist as a Bank anymore.
Less than two weeks ago TRN exposed the fact that tons of Gold Bullion were "missing" from the vaults of the US Federal Reserve. TRN further reported that when the country of Germany demanded delivery of tons of its own gold, which it had stored at the US Federal Reserve since World War 2, the federal reserve REFUSED to return the gold. When Germany asked to merely SEE it's gold, it was refused again. When Germany insisted, they were allowed to see some gold, inside one vault, which contained nowhere near the 300 tons Germany had placed there years ago. When Germany demanded return of its gold, the federal reserve sent back a mere 37 tons (a year later).
Shockingly, when Germany inspected the returned gold, they saw that NONE of the gold bars bore the stamp of the Bundesbank which was originally on each gold bar. It turned out that the federal reserve shipped gold to Germany that belonged to someone else and concealed this by claiming they had melted down Germany's gold to make it suitable for transportation! When Germany demanded to know why they only got 37 tons and further demanded the rest of their 300 tons, the federal reserve told them it would take until the year 2020 to return it.
It was at that point that most rational people realized the federal reserve had done "something" with other people's gold and that the gold isn't there anymore.
In that same news story, TRN published a chart, produced by the Commodities Exchange (COMEX) showing how much gold the COMEX had stored in gold warehouses (Like JP Morgan) but astonishingly, COMEX had 79 owners for every ounce! They sold the same ounce to 79 different people at the same time, gambling on the notion that not all 79 buyers for each ounce would ever demand delivery at the same time. TRN also published the COMEX chart below to substantiate our reporting; the bottom graph proving 79 owners per ounce:
Realizing that the "paper gold" market was a scam, people who held paper gold contracts (which promised to deliver physical gold if the person wanted it) starting demanding physical delivery. These folks realized that if they didn't act fast and get their gold first, there would be no gold left once everyone else realized that there were 79 owners for each ounce of gold. Thus began "the run" against COMEX and, specifically, JP MORGAN / CHASE.
According to reports released as required by law and shown below, beginning last Thursday (January 23) people who held contracts for paper gold started demanding actual delivery of the physical metal. On Friday (January 24) the same demand for physical delivery continued. See Chart below:
On Monday and Tuesday, (January 27 and 28) even more people were demanding physical delivery. As the chart below proves, by close of business on Tuesday, JP Morgan had emptied forty four percent (44%) of all the physical gold in the banks possession.
As of the publication of this story, we do not yet know how much additional physical gold was shipped out from JP Morgan / CHASE yesterday, January 29 or how much will go out today, January 30. One thing is clear: People no longer trust the paper gold "promise" to deliver physical bullion; they want the gold they supposedly own and they want it in their own hands, not held in some vault at some Bank.
If this demand for gold bullion delivery continues, it is possible that JP Morgan / CHASE will run out of Gold and collapse as early as FRIDAY- January 31, 2014.
Perhaps this is why a senior executive from JP Morgan committed suicide a day or so ago, by jumping off the top of JP Morgan's London Headquarters and falling 500 feet to his death. Perhaps he knew what was happening. Maybe he even knew there was no way to stop it. Maybe he chose to die rather than watch his whole company (and his whole world) collapse.
If you own a paper gold contract, which claims to be "holding" gold on your behalf, you may want to consider demanding IMMEDIATE physical delivery of "your" gold before everyone else decides to do so. After all, if you and 78 other people own the same ounces of gold, only one of you will get the gold, everyone else will get the shaft.
Charts and article: http://www.turnerradionetwork.com/news/236-pat
HAS A "RUN" BEGUN ON JP MORGAN / CHASE? DEPOSITORS REMOVE 44% of GOLD BULLION FROM BANK IN 4 DAYS!
Thursday, 30 January 2014 01:06
(TRN http://www.TurnerRadioNetwork.com ) -- A "run" appears to have begun against JP Morgan / CHASE Bank forcing the bank to disperse 44% of its physical gold from its vaults in just four days! If this continues, by close of business FRIDAY (January 31) JP Morgan / CHASE may not exist as a Bank anymore.
Less than two weeks ago TRN exposed the fact that tons of Gold Bullion were "missing" from the vaults of the US Federal Reserve. TRN further reported that when the country of Germany demanded delivery of tons of its own gold, which it had stored at the US Federal Reserve since World War 2, the federal reserve REFUSED to return the gold. When Germany asked to merely SEE it's gold, it was refused again. When Germany insisted, they were allowed to see some gold, inside one vault, which contained nowhere near the 300 tons Germany had placed there years ago. When Germany demanded return of its gold, the federal reserve sent back a mere 37 tons (a year later).
Shockingly, when Germany inspected the returned gold, they saw that NONE of the gold bars bore the stamp of the Bundesbank which was originally on each gold bar. It turned out that the federal reserve shipped gold to Germany that belonged to someone else and concealed this by claiming they had melted down Germany's gold to make it suitable for transportation! When Germany demanded to know why they only got 37 tons and further demanded the rest of their 300 tons, the federal reserve told them it would take until the year 2020 to return it.
It was at that point that most rational people realized the federal reserve had done "something" with other people's gold and that the gold isn't there anymore.
In that same news story, TRN published a chart, produced by the Commodities Exchange (COMEX) showing how much gold the COMEX had stored in gold warehouses (Like JP Morgan) but astonishingly, COMEX had 79 owners for every ounce! They sold the same ounce to 79 different people at the same time, gambling on the notion that not all 79 buyers for each ounce would ever demand delivery at the same time. TRN also published the COMEX chart below to substantiate our reporting; the bottom graph proving 79 owners per ounce:
Realizing that the "paper gold" market was a scam, people who held paper gold contracts (which promised to deliver physical gold if the person wanted it) starting demanding physical delivery. These folks realized that if they didn't act fast and get their gold first, there would be no gold left once everyone else realized that there were 79 owners for each ounce of gold. Thus began "the run" against COMEX and, specifically, JP MORGAN / CHASE.
According to reports released as required by law and shown below, beginning last Thursday (January 23) people who held contracts for paper gold started demanding actual delivery of the physical metal. On Friday (January 24) the same demand for physical delivery continued. See Chart below:
On Monday and Tuesday, (January 27 and 28) even more people were demanding physical delivery. As the chart below proves, by close of business on Tuesday, JP Morgan had emptied forty four percent (44%) of all the physical gold in the banks possession.
As of the publication of this story, we do not yet know how much additional physical gold was shipped out from JP Morgan / CHASE yesterday, January 29 or how much will go out today, January 30. One thing is clear: People no longer trust the paper gold "promise" to deliver physical bullion; they want the gold they supposedly own and they want it in their own hands, not held in some vault at some Bank.
If this demand for gold bullion delivery continues, it is possible that JP Morgan / CHASE will run out of Gold and collapse as early as FRIDAY- January 31, 2014.
Perhaps this is why a senior executive from JP Morgan committed suicide a day or so ago, by jumping off the top of JP Morgan's London Headquarters and falling 500 feet to his death. Perhaps he knew what was happening. Maybe he even knew there was no way to stop it. Maybe he chose to die rather than watch his whole company (and his whole world) collapse.
If you own a paper gold contract, which claims to be "holding" gold on your behalf, you may want to consider demanding IMMEDIATE physical delivery of "your" gold before everyone else decides to do so. After all, if you and 78 other people own the same ounces of gold, only one of you will get the gold, everyone else will get the shaft.
Charts and article: http://www.turnerradionetwork.com/news/236-pat