In another stunning withdrawal, JP Morgan had an additional 321,500 oz gold ounces removed from its vaults today.
Since last Thursday, JP Morgan has lost 44% (20 metric tons = 643,000 oz) of its gold inventories.
If a picture is worth a thousand words, then the table below is worth over $400 million (at current market prices):
From the SRSRocco Report:
Here is the Comex inventory table for last Thursday:
4 thoughts on “JP Morgan Loses 44% of Gold Inventories in 4 Days”
if you don’t hold it, you don’t own it!!!!
Someone smells default in the air…
Looks like Germany can kiss its missing gold goodbye then, there seems to be some substance in the rumor that the Chinese own all the gold now. Anyone want to bet against a Chinese led return to the gold standard?
What if I told JP Morgan’s CEO Jamie Dimon “you can’t remove all that gold until you tell me how you’re going to spend it”.