according to an update from Bloomberg, Venezuela has gold with, you guessed it, JP Morgan, Barclays, and Bank Of Nova Scotia. As most know, JPM is one of the 5 vault banks. The fun begins if Chavez demands physical delivery of more than 10.6 tons of physical because as today’s CME update of metal depository statistics, JPM only has 338,303 ounces of registered gold in storage. Or roughly 10.6 tons. A modest deposit of this size would cause some serious white hair at JPM as the bank scrambles to find the replacement gold, which has already been pledged about 100 times across the various paper markets. Keep an eye on gold in the illiquid after hour market. The overdue scramble for delivery may be about to begin.
My Goodreads
Sheffner's books
Surprisingly good. Can’t wait to read the sequel. The story has a great number of characters, multiple storylines and several philosophical dialogues on the morality of war, the value of honor, how to choose a spouse, etc. Many character...
Amazing story containing several parallel stories and many sub-stories within those; e.g. the main character does various things but also spends much tome reading an interactive book which tells stories wherein she and her dolls are the ...
Remarkable. Puts you firmly in the Paris of the beginning of the 20th century. I didn’t think i was going to like this: a mummy’s boy who can’t paint unless he drinks, and is in and out of mental homes? Charming! But Utrillo is an admira...
#1 by Mike in Tokyo Rogers on August 19, 2011 - 7:14 am
i’ve been waiting for this day for many years… We are witnessing the end of an era. It’s a slow motion train wreck right in front of our eyes. Hope you own some physical silver & gold!