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Remember Goldfinger?

Goldfinger aka Gert Frobe

Goldfinger (Gert Frobe)

OathKeepers copied an article in Zero Hedge which caught my interest…

After all, I’m interested in MONEY (even though I have none and am in serious debt), and in my mind GOLD equals money.  I’ve no gold, either.

JPMorgan Is Selling The Building That Houses Its Gold Vault

On the surface, there is nothing spectacular about the weekend news that JPMorgan is seeking to sell its 1 Chase Manhattan Plaza office building. After all, the former headquarters of Chase Manhattan Bank, located deep in the heart of the financial district and which was built by its then chairman David Rockefeller, is a remnant to another time – a time when banking was about providing loans, not about managing and trading assets which has become the realm of Midtown New York, and since JPM already has extensive Midtown exposure with its offices at 270, 270 and 245 Park, the 1 CMP building always stood out as a bit of a sore thumb. Of course, as Zero Hedge readers first learned, the big surprise is literally below the surfacesome 90 feet below street level to be exact, where the formerly secret JPM gold vault is located, which also happens to be the biggest commercial gold vault in the world.

It was only a month ago when we learned that JPM was planning to exit the physical commodity business, ….

Further down the page…

That’s right, ladies and gentlemen, as a result of our cursory examination, we have learned that the world’s largest private, and commercial, gold vault, that belonging once upon a time to Chase Manhattan, and now to JPMorgan Chase, is located, right across the street, and at the same level underground, resting just on top of the Manhattan bedrock, as the vault belonging to the New York Federal Reserve, which according to folklore is the official location of the biggest collection of sovereign, public gold in the world.

At this point we would hate to be self-referential, and point out what one of our own commentators noted on the topic of the Fed’s vault a year ago, namely that:

Chase Plaza (now the Property of JPM) is linked to the facility via tunnel… I have seen it.  The elevators on the Chase side are incredible. They could lift a tank.

… but we won’t, and instead we will let readers make up their own mind why the the thousands of tons of sovereign gold in the possession of the New York Fed, have to be literally inches across, if not directly connected, to the largest private gold vault in the world.

You should go and read the whole article.  

Now, I know little about the economy, but I do know that we are no longer on the gold standard, and that the government keeps printing fiat capital to pay it’s debts (Federal Reserve), and that the PRC is making serious moves to get the rest of the World off the American Dollar standard, and we owe them and Japan boo-koo monies and the Federal Reserve is a privately-held bank which has never been audited, and people Worldwide have been buying gold and silver at an alarming rate, and hoarding it for if when the Dollar collapses.  whew!

After you read the article, go and read the Ian Fleming classic Goldfinger.

Then figure out who is planning on becoming the richest man in the World.  Hint:  It’s not Soros or the Koch brothers.

Cui bono?  (Who Benefits?)

About guffaw1952

I'm a child of the 50's. libertarian, now medically-retired. I've been a certified firearms trainer, a private investigator, and worked for a major credit card company for almost 22 years. I am a proud NRA Life Member. I am a limited-government, free-market capitalist, who believes in the U.S. Constitution and the Rule of Law.

Discussion

9 thoughts on “Remember Goldfinger?

  1. I remember Shirely Bassey singing the theme song. Had a friend who was obsessed with that song and would play it ten or more times in a row on a jukebox. Since he was a 6’3″ 220 lb crazy ass Scot,few folks wanted to argue with him about his musical taste.

    Posted by WellSeasonedFool | August 21, 2013, 8:02 am
  2. Oh, I understand the point of your post. If they actually audit the Federal Reserve banks, that tunnel will come in handy – kind of a find the pea scenario.

    Posted by WellSeasonedFool | August 21, 2013, 8:28 am
  3. We’ve all seen this scenario in multiple movies … and it rarely ends well for the original owner of the gold.

    Posted by Rev. Paul | August 21, 2013, 8:51 am
  4. Germany was keeping it’s gold in New York City. I think it was the fed but I am not sure who was keeping it. Well, not long ago the Germans said they wanted to start moving their back to Germany. They went into the vault and the gold was gone. It had been ” loaned ” to someone. Damn Americans stole the gold.
    If you are going to own gold or silver, keep it where you can put your hands on it. Gold on paper or in a data base is not worth the paper it is written on.

    Posted by harp1034 | August 21, 2013, 6:30 pm
  5. Nope not a movie… sigh…

    Posted by Old NFO | August 21, 2013, 7:41 pm

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