Tuesday, January 28, 2014
Interesting financial news
An article I saw today told of some interesting goings on at JPMorgan bank. First it seems that there has been some unusual withdrawals at the their gold vault. On 12-13-12 there was a withdrawal of 321,500 oz. of gold, a record withdrawal at that time. On 12-13-13 the record was tied by another withdrawal and note the date. On 1-23-14 the record was tied a third time. No word on who did the withdrawing of all that gold or why. But I have some ideas. First the bank, if asked and they did answer, would probably say it was all a coincidence, nothing more. Second the amounts were taken by various governments around the world to prop up the economies, possibly in light of helping them qualify for an additional loan from the world bank. Third it was all if it was taken by the Chinese home to protect their gold from what they see as an American economical collapse and wish to make sure that their gold was safe back in China where the madman maobama couldn't seize it. That suggestion scares me the most since it foresees the collapse coming long before I thought it would. I have to re-examine my supplies and consider adding to my precious metals. I also will have to do another inventory of my gear and supplies to see where my biggest weaknesses are and get them fixed to. I've been doing most of that all along, but now have a greater sense of urgency then before. I suggest that all my readers do the same. One final note: the gold vault of JPMorgan bank is owned by China. I wasn't aware of that or that a foreign entity could "own" part of an American bank. The entire bank, yes, a part (especially an important part like the gold vault), no.
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