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Business/Finance
See other Business/Finance Articles

Title: Massive Fire Reported In The Basement At The JP Morgan Gold Warehouse On Wall Street
Source: Investment Watch
URL Source: http://investmentwatchblog.com/brea ... street-why-so-many-firetrucks/
Published: Jul 21, 2013
Author: n/a
Post Date: 2013-07-21 12:15:08 by Buzzard
Keywords: None
Views: 152
Comments: 7

20 Firetrucks, 4+ ambulance and police showed up

There is zero media coverage about this beside Stopmotions stream of the event and a few locals tweeting about it

This is supposedly where JP Morgan keeps their gold. The very same gold that has been dwindling down at astonishing rates lately. JP Morgan warehouse 100 feet below CMP 1 on Wall Street.

*UPDATE: FDNY tweet confirms fire is in a commercial vault!

A journalist on scene on Wall Street this evening has just sent us footage of a massive fleet of Firetrucks and ambulances in front of JP Morgan’s headquarters at 1 Chase Manhattan Plaza, with fire-fighters stating they are responding to a COMMERCIAL VAULT FIRE IN THE BASEMENT! With JPM’s gold inventory plunging 66% Friday to an all-time low of 46,000 ounces, and with reportedly over 502,000 ounces still standing against JPM for the JUNE gold contract, is the long anticipated force-majeure event in progress?

Click for Full Text and Videos!

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#1. To: Buzzard (#0)

Dummies! Everybody knows you should keep your gold in the refrigerator!!!!

That stuff Burns like crazy. Anybody that wants me to keep theirs, in my Refrigerator , let me know. I'll come pick it up!

"If we don’t adhere to the Constitution on matters as significant as presidential eligibility, then the Constitution ceases to be a meaningful document for guiding our nation."

ndcorup  posted on  2013-07-21   12:30:22 ET  Reply   Trace   Private Reply  


#2. To: All (#0)

Update and analysis from ZeroHedge.com:

< snip >

It appears the confusion stems from the Fire Brigade's designation of the fire as taking place at "JP Morgan's building" which indeed is where the Fire Brigade was located. However, it is the 23 Wall Street building, also known as the "JPMorgan building" formerly owned by JPM, and subsequently owned by Morgan Guaranty Trust Company, best known for being the site of the September 16, 1920 Wall Street bombing, when 38 people were killed and 400 injured. Ironically, as was then reported, "because the Morgan building was so well known, many assumed that the target of the assumed anarchist bombing was actually the bank itself."

For modern generations, 23 Wall Street may be better known as the (incorrect) facade of the NYSE as represented in The Dark Knight Rises.

Of course, JPM has long since moved on from its landmark location just across from the NYSE, and now can be located at its Park Avenue headquarters (with its Bear Stearns annex), and of course, at 1 Chase Manhattan Plaza.

So what is now housed in the 15 Broad/23 Wall Street block to where the FDNY was responding, if not any JPM? 23 Wall and 15 Broad Street were sold in 2003 for $100 million to Africa Israel & Boymelgreen (there is likely a far more interesting story surrounding Africa Israel and Boymelgreen here than there is about the "fire in JPM's vault"). The two buildings have become a condominium development, Downtown by Philippe Starck, named for French designer Philippe Starck, one of a growing number of residential buildings in the Financial District. Starck made the roof of 23 Wall into a garden and pool, accessible to the residents of the development.

Could there be a vault in the Downtown residential building, and could the FDNY have been responding to a fire in such a "commercial vault"? Of course: as anyone who has ventured into the skyscraper forest of New York's Financial District knows, there is an underground vault in virtually every building.

However, was this the JPMorgan gold vault? Certainly not.

http://www.zerohedge.com/news/2013-07-21/did-raging-fire-burn-down- jpmorgans-gold-vault

It's the bankers fault !

Buzzard  posted on  2013-07-21   12:43:45 ET  Reply   Trace   Private Reply  


#3. To: Buzzard (#2)

Wouldn't all those buildings have automated sprinkler systems?

“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken

Lod  posted on  2013-07-21   13:10:30 ET  Reply   Trace   Private Reply  


#4. To: Buzzard (#0)

Did any buildings disintegrate?

“Anti-semitism is a disease–you catch it from Jews”–Edgar J. Steele

“The jew cries out in pain, as he strikes you.”–Polish proverb

“I would like to express my heartfelt apologies for the unfortunate and tasteless quotes I published in my tag lines. I am very sorry and ashamed. I never wanted to offend anyone, or to encroach human rights."- Hmmmmm

Hmmmmm  posted on  2013-07-21   18:27:14 ET  Reply   Trace   Private Reply  


#5. To: Hmmmmm (#4)

More important, how much gold was destroyed by the fire? Was it all reduced to ashes?

corruptissima re publica plurimae leges - Tacitus

Dakmar  posted on  2013-07-22   8:24:47 ET  Reply   Trace   Private Reply  


#6. To: Dakmar (#5)

Was it all reduced to ashes?

By the price move today it must have vaporized.

“Anti-semitism is a disease–you catch it from Jews”–Edgar J. Steele

“The jew cries out in pain, as he strikes you.”–Polish proverb

“I would like to express my heartfelt apologies for the unfortunate and tasteless quotes I published in my tag lines. I am very sorry and ashamed. I never wanted to offend anyone, or to encroach human rights."- Hmmmmm

Hmmmmm  posted on  2013-07-22   18:22:54 ET  Reply   Trace   Private Reply  


#7. To: Hmmmmm (#6)

figures... how much was it insured for?

corruptissima re publica plurimae leges - Tacitus

Dakmar  posted on  2013-07-22   18:32:24 ET  Reply   Trace   Private Reply  


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