JP Morgan Vault Gold Drops To New Record Low; Brinks Gold Plunges By 24% In One Day
wchildblog.com/ NOTE: If you have been following this at all you will note that this has been a trend for several months, and recall the article just posted, wherein it also states:there is another option: cash settlement.
“Fraud Confirmed: 100-Day Delay To Take Bullion Delivery In London”
The point being, while Western society continues to manipulate, delay, distract, and move Gold and Silver out of the “public” arena and into “private” hands hidden away in some dark hole somewhere (somewhere that you and I will certainly never see), Asia, Russia, and India continue to stockpile…
These are official COMEX Vaults folks, this is where the Gold and Silver is supposedly held to back the paper market (GLD and SLV, and others)! Did you know that “they” are also on Congressional record saying that (not an exact quote) “we have provisions to pay back in cash should we be unable to deliver physical!”
Please understand that the “paper value” of Gold and Silver means absolutely NOTHING! You have been duped into believing that you must follow the stock market, and the value of Gold and Silver “stocks” to determine the real value of what you have in Granny’s basement closet, when in reality, it means absolutely nothing…
Larry Edelson just reported: “The French government on May 23 banned all movement of gold and silver shipped into, around or out of the country by post. Cash and euro coins were also banned.
Is this the beginning of a global trend toward more and more capital controls?
I believe it is, as is the recent revelation that the U.S. NSA is monitoring everything you do.
Mark my words: As insignificant as some of these things may seem to you, they are not minor matters. They are telltale clues that the next phase of the financial crisis is about to erupt.
Look, the governments of Europe, Japan and the United States are all dead broke. They are operating on a wing and a prayer. On funny money. With smoke and mirrors added in too.”
This is really a very disturbing trend and implies that “something” big is coming.
Submitted by Tyler Durden on 07/06/2013 – 19:46
Last week we defined the golden sentiment rule as “anything that isn’t off the chart soon will be.” This will happen in a “perfectly sustainable” fashion, where increasingly more paper gold is shorted to record levels even as actual physical holdings held by official Comex vaults continues to drop. For one particular reason why the price of paper gold may be at 3 year lows, we will provide some formerly classified perspective shortly in a post. But in the meantime, and while we await the weekly CFTC commitment of traders report (delayed until Monday due to the July 4 holiday), we are happy to report that the JPM disconnect between the epic delivery requests and its reported gold holdings (for which the “Commodity Exchange, Inc. disclaims all liability whatsoever with regard to its accuracy or completeness”) reconnected modestly, and as per the latest Comex update, another 6.8k ounces of gold was pulled from JPM’s 1 CMP world’s biggest gold vault, dropping its total gold inventory to a fresh record low.
