BREAKING: JP Morgan Gold Warehouse Fire

[uMMcQxCWELNzkt]

http://investmentwatchblog.com/breaking-massive-fire-reported-in-the-basement-at-the-jp-morgan-gold-warehouse-on-wall-street-why-so-many-firetrucks/

Sorry if this has been posted, I did a quick search and I did not notice it. It seems there is a fire in where they hold the gold, very convenient.

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.

Tons of Fire Trucks and even Ambulances on the scene.



Video streaming by Ustream

http://www.ustream.tv/recorded/36128807



FDNY Confirms Fire in JPMorgan/Chase Vault
See this link from FDNY on Twitter:
https://twitter.com/FDNY/statuses/358730690885451779
New York – There has been a fire in the basement of the JP Morgan headquarters in New York. Independent Journalist StopMotionsolo was on scene to film the action from outside.

http://www.patriotnewsorganization.com/basement-fire-at-jp-morgans-headquarters/

*BREAKING* MASSIVE FIRE REPORTED IN JP MORGAN BASEMENT VAULT! GOLD FORCE MAJEURE?

*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?



http://www.silverdoctors.com/breaking-massive-fire-reported-in-basement-of-1-chase-manhattan-plaza-force-majeure/

Did A Raging Fire Burn Down JPMorgan’s Gold Vault?

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

7-19-2013 JPM Eligible Gold Plummets By 66% In One Day To Just Over 1 Tonne, Total Gold At Fresh All Time Low.

For over a month, JPMorgan managed to mysteriously avoid matching up the gold held in its (world’s largest) vault with the Comex delivery notice update. However, as of today, that particular can will be kicked no more. Starting yesterday, JPM reported that just under 12,000 ounces of Eligible gold (the same Registered gold that two days earlier saw its warrants detached and convert to eligible) were withdrawn from its warehouse 100 feet below CMP 1. But it was today’s move that was the kicker, as a whopping 90,311 ounces of eligible gold were withdrawn, accounting for a massive 66% of the firm’s entire inventory of non-Registered gold, and leaving a token 46K ounces, or a little over 1 tonne in JPM’s possession.



http://www.zerohedge.com/news/2013-07-19/jpm-eligible-gold-plummets-66-one-day-total-gold-fresh-all-time-low

JP Morgan has record modern-era lows in gold inventory against massive paper claims. Similarly, the COMEX is running close to empty as well against massive outstanding paper claims.

http://www.silverdoctors.com/william-kay-purpose-for-major-gold-raid-was-to-prevent-all-major-bullion-banks-from-defaulting-like-abn-amro/

Anonymous


Read more at http://investmentwatchblog.com/breaking-massive-fire-reported-in-the-basement-at-the-jp-morgan-gold-warehouse-on-wall-street-why-so-many-firetrucks/#IH87uE7VPct5WQcm.99

[1715310125]

1715310125

[TsuyokuNaritai]

Apparently not

http://www.youtube.com/watch?v=pAVFHwsBUzw&feature=youtu.be

[kayaErini]

Thank you for keeping us updated.

[niner]

Gold Boiling point 5,173°F (2,856°C)
Tungsten Boiling point 10,030°F (5,555°C)
Surface of the sun  (5505 °C)

Safe to say the gold (and or tungsten) should survive.

Any paper-trail however will be toast.

[jhansen858]

so a ship with a tungsten hull could survive on the surface of the sun?

[Tzupy]

No it wouldn't, boiling point is much higher than melting point.
And the crew would be ashes long before that.

[infested999]

so a ship with a tungsten hull could survive on the surface of the sun?

They didn't exactly throw this gold into the sun did they?

[Abdussamad]

LOL the fire department is on twitter and they post alarming messages in ALL CAPS!

[prophetx]

nice little bump in the spot market

http://www.kitco.com/charts/livegold.html

[infested999]

Wait wouldn't the gold be IN A SAFE, which would mean it's in a FIREPROOF safe?

[muddhari1]

No Worries, They might have gold safe lockers where it can resist temperatures up to some extent

[infested999]

No Worries, They might have gold safe lockers where it can resist temperatures up to some extent

That's what I just said!

[Lailoken]

No Worries, They might have gold safe lockers where it can resist temperatures up to some extent

That's what I just said!

Unfortunately due to the nature of this fire and the tremendous possibility of loss to the cities extremely brave firefighters, temperatures had to be allowed to drop before they went inside. By that time the gold had been exposed due to such temperature that it was, of course unfortunately, unrecoverable.

[notme]

Sorry guys, JPM sold this building a while ago:
http://www.zerohedge.com/news/2013-07-21/did-raging-fire-burn-down-jpmorgans-gold-vault

[infested999]

No Worries, They might have gold safe lockers where it can resist temperatures up to some extent

That's what I just said!

Unfortunately due to the nature of this fire and the tremendous possibility of loss to the cities extremely brave firefighters, temperatures had to be allowed to drop before they went inside. By that time the gold had been exposed due to such temperature that it was, of course unfortunately, unrecoverable.

The gold was in fireproof safes. Even in the safes were broken it's not like gold just evaporates into thin air.

[Technologov]

As someone told:

*All that paper gold went up in smoke!
*Some of the names of the firefighters:  Au In Pokit,  Stik Ee Fingers, Get Rich Quick....