Gold shortages continue as largest daily withdrawal in history leaves Comex

Gold shortages continue as largest daily withdrawal in history leaves Comex

J.P. Morgan is the primary holder of physical gold and silver for the U.S. Comex, and up until recently, they stored metals eligible for contract and delivery at their headquarters across from the N.Y. Federal Reserve. However, in October of last year the financial center sold its underground vault and commercial property to a Chinese company, and has been divesting itself as the primary gold and silver depository for the futures market. January 24, 2014Kenneth Schortgen Jr http://www.examiner.com Read More

Add a Comment