Relevant:
- Will Asian ETF help Morgan rig gold's most prospective market?
- Gold Crush Started With 400 Ton Friday Forced Sale On COMEX
- JP Morgan Accepts Gold Bullion as Collateral – Silver Backwardation to Lead to Short Squeeze?
- THE FEDERAL RESERVE (JP Morgan) is SELLING PAPER GOLD and BUYING PHYSICAL GOLD
- Super-Bullish Signal: Barrick Gold to Sell $3 Billion in Stock to Buy Back Hedges
2011-08-17 — blogspot.com
`` The real reason JP Morgan recently decided to open and operate a Comex gold vault is now in full view. A close friend of mine in the NYC hedge fund community informed me today that hedge funds are now buying gold from JP Morgan, who turns around and "safekeeps" it for them for 15 basis points (that's .15%) on the market value of the gold being stored. My friend referred to this as "allocated" gold. On the surface it looks like the smart money "gold rush" is on.''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.