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Business/Finance
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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: 160
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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Begin Trace Mode for Comment # 6.

#4. To: Buzzard (#0)

Did any buildings disintegrate?

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

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

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

Was it all reduced to ashes?

By the price move today it must have vaporized.

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

#7. To: Hmmmmm (#6)

figures... how much was it insured for?

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

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