Why Is JPMorgan's Gold Vault, The Largest In The World, Located Next To The New York Fed's?

Tyler Durden's picture

When two weeks ago we exposed the heretofore secret location of JPM's London gold vault (located under the firm's massive L-shaped office complex at 60 Victoria Embankment) we thought: what about New York? After all, while London is the legacy financial capital of the "old world", it is in New York that the biggest private wealth of the past century is concentrated, and it is also in New York where the bulk of the hard assets backing the public money of the world's sovereigns are located, some 80 feet below ground level in the fifth sub-basement of the New York Fed, resting on the bedrock of Manhattan.

That the topic of the gold "held'' by the New York Fed - historically considered the gold vault with the largest concentration of gold bars in the world - has become rather sensitive, in the aftermath of the Bundesbank's request to repatriate it (surely, but very, very slowly), is an understatement. Yet in the aftermath of some of the revelations presented here, we believe quite a few other countries will follow in Germany's footsteps for one very simple reason: suddenly the question of whether their gold is located at 33 Liberty, or just adjacent to it, in what we have learned is the de facto largest private gold vault in the world, located across the street 90 feet below 1 Chase Manhattan Plaza, doesn't appear to have a clear answer.

But first, some background.

The locations of New York's commercial vaults, like those of London, are closely guarded. While there is occasional anecdotal speculation of where one may find any given vault, a definitive answer is rarely if ever in the public domain. Luckily, the past few years, which saw a surge in the price of gold and silver, have provided a variety of useful clues, as one after another bank applied to have its legacy precious metal vault certified for commercial use with the CFTC.

For those who aren't easily discouraged, buried deep in the bowels of the CFTC's website, is a veritable goldmine of data, in the form of supplemental applications from assorted CME members, who one after another, and very quietly, had the CME provide supplements to the CFTC vouching for their approval as "licensed depositories and weighmasters for gold, silver, platinum and palladium." 

For those curious (and that should be all who are interested by the precious metals space) what constitutes an approvable vault, we present the fully filed supplement application by Brinks (recently best known for having two of its armored cars captured in a Google Streetview snapshot just outside the JPM office at 60 Victoria Embankment) filed with the CFTC:

The application submitted by Brink's, Inc. and Brink's Global Services USA, Inc. for licensing its facility at 580 5th Ave., New York, NY for storage of the respective NYMEX and COMEX Gold, Silver, Platinum, and Palladium contracts meets the requirements of the Exchanges.




Brink's Global Services USA, Inc. is a wholly owned subsidiary of Brink's Inc. The Brink's Company, which owns Brink's Inc., was founded as Brink's City Express in Chicago in 1859, and has been in operation for 150 years. Currently, it is based in Richmond, Virginia. Starting as an armored transportation service, it evolved to expand its operations to include precious metals storage in the late 1990s. Brink's has been operating Licensed Depositories approved to store precious metals against the Exchanges' Futures Contracts for 10 years. Brink's international network operates about 875 facilities and services customers in over 50 countries. It is estimated that it employs approximately 59,400 employees.




Office Location


Brink's Inc. and Brink's Global Services USA, Inc. Suit400
580 Fifth Avenue
New York, NY 10036


Vault Location


Brink's Inc.
580 Fifth Avenue
New York, NY 10036




Exchange staff inspected the facility at 580 5th Ave., New York, NY on Thursday, June 17, 2010, which is owned by Forty Seventh Fifth Company, LLC. Brink's Inc. is the Tenant in the signed copy of the Lease Agreement, entered into on November 9, 1992, that was provided to the Exchange. There are 5,000 square feet of space available, enclosed by four steel reinforced cinder block walls with a concrete ceiling and concrete floor on top of bedrock. The interior of the facility is divided into several work areas, including a 752 square foot, modular vault capable of housing one million ounces of gold, platinum, and palladium, and an additional two million ounces of silver. The no floor vault solution is surface mounted to the existing basement slab which is described as bedrock. The walls and ceiling-grid carry a U.L. Class-3 designation which is torch and tool resistant. The vault is equipped with one U.L. listed Class-3 oversized vault door offering a clear opening of 52"wide x 78" high. Custom Vault Corporation has certified that the existing vault system at 580 5th Ave., New York, NY meets all current U.L. listings as a Class-3 five-sided structure. It has also certified that all modular components (the modular vault panel components were manufactured by International Vault, Inc.) of the system have passed testing in accordance with the U.L. "Burglary Resistant Vault Doors" and "Modular Panels" standards. Cameras, motion detectors, and entry way alarms are installed throughout the interior and exterior access points. The activity is monitored 24 hours per day, 7 days per week. Access from exterior points to interior spaces is limited by the use of biometric proximity readers that record all activity. A majority of employees assigned to the area are licensed to carry Brink's issued firearms. The Depository employs Metler Toledo SG32001DR high precision self calibrating balances. The scales weigh to a tolerance of 1/1000th of a troy ounce, and meet all of the Exchange's requirements

Thus we know where at least one of the world's largest precious metals depositories is located: deep underground the Diamond Tower located in the heart of Manhattan's jewelry district.

Another such supplement was filed by the Bank of Nova Scotia's Scotia Mocatta. What many may not know is that it was Scotia Mocatta's vault that was destroyed in the events of September 11, as SM's vault was located deep beneath 4 WTC. From the application:

The Bank of Nova Scotia’s Scotia Mocatta Depositary (SMD) is an Exchange-licensed depository for Gold, Silver, Platinum and Palladium. SMD has submitted applications, requesting that a new facility, located at International Airport Center, 230-59 International Airport Center Boulevard, Building C, Suite 120, Jamaica, New York, be approved for the storage of gold and silver deliverable against the COMEX Gold and Silver Futures Contracts, and for the storage of platinum and palladium against the NYMEX Platinum and Palladium futures contracts.


History: The Bank of Nova Scotia, doing business as SMD, is an Exchange Licensed Depository for the storage of gold, silver, platinum, and palladium, and its current facility is located in Manhattan at 26 Broadway. SMD was previously known as Iron Mountain Depository (IMD), its name was changed when it was acquired by the Bank of Nova Scotia in 1997. The IMD/SMD facility has been a COMEX licensed delivery point since 1975. SMD has planned to develop a new facility since the terrorist attacks upon the World Trade Center, which destroyed SMD’s facility at 4 WTC. SM subsequently returned to its existing and former facility as an intermediate measure while the new facility was designed and built.


In evaluating this application, SMD’s performance in the wake of the terrorist attacks on the World Trade Center must be noted. SMD’s Licensed Depository was located in a sub-basement of the WTC at the time of the attacks. When the material in this facility was trapped within the debris, SMD acted swiftly, offering to purchase any and all of the warranted material that was buried at the request of any holder of warrants to this material. Scotia further prepared to make replacement material stored in Canada available to offset any potential supply shortage that the destruction of its WTC facility might have caused.

So Scotia Mocatta's place for a new vault is deep in Queens under what is described as a "two-story elevatored building located in a four building industrial park, Located within close proximity to JFK International Airport."

Just in case the gold has to take off rather quickly we assume.

And since both of these applications also contained an official list of licensed "depositories and weighmasters" we finally can compile a full, official list of where the largest commercial gold vaults in New York are located:

We now know that in addition to Brink's vault lying on the bedrock at 580 Fifth, the following gold vaults are located as follows:


1 West 39th St.
SC 2 Level
New York, NY

Manfra, Tordella, & Brookes   

90 Broad St. 
New York, NY

Scotia Mocafta Depository, a Division of the Bank of Novia Scotia   

230-59 Int'l Airport Center Blvd. 3002
Building C, Ste. 120
Jamaica, NY

Yet one name is missing. The same name which as we reported back in October 2010, reopened its undisclosed New York gold vault after it had been "mothballed in the 1990s." 

The name of course is JPMorgan.

Curiously (or perhaps not at all), when the CME on behalf of JPM submitted the certification filing alongside the comparable such supplements as filed by Brinks above, it requested a FOIA (Freedom of Information Act) confidential treatment. As a reminder, to be eligible for FOIA exemption status the protected information must be of vital importance to the nation's safety. This is precisely what JPM thought the details surrounding its New York vault are. To wit:

Pursuant to Sections 8 and 8(a) of the Commodity Exchange Act ("CEA"), as amended, and Commission Regulation 145.9(d), NYMEX and COMEX request confidential treatment of Appendix A, Appendix B, and this letter on the grounds that disclosure of Appendix A and/or Appendix B would reveal confidential commercial information of the submitters (NYMEX and COMEX) and of other persons. Pursuant to Commission Regulation 145.9(d)(5), NYMEX and COMEX request that confidential treatment be maintained for Appendix A and Appendix B until further notice from the Exchanges. We also request that the Commission notify the undersigned immediately after receiving any FOIA request for said Appendix A, Appendix B or any other court order, subpoena or summons for same. Finally, we request that we be notified in the event the Commission intends to disclose such Appendix A and/or Appendix B to Congress or to any other governmental agency or unit pursuant to Section 8 of the CEA. NYMEX and COMEX do not waive their notification rights under Section 8(f) of the CEA with respect to any subpoena or summons for such Appendix A or Appendix B.


Please contact the undersigned at (212) 299-2207 should you have any questions concerning this letter.


Sincerely, /s/ Felix Khalatnikov

Yet oddly enough, the FOIA request letter itself, while also being filed with a request for Confidential Treatment, never got it. As a result it was posted at this address. Ooops.

But a far bigger oops, is that on the first page of said declassified confidential FOIA app, in black ink, we get the missing piece:

In addition, the Exchanges are providing the Commission with the application summary of requirements for the JP Morgan Chase Bank N.A. facility located at 1 Chase Manhattan Plaza, New York, NY.

And so, despite the extended attempts at secrecy, we finally hit the proverbial goldmine vault.

So what do we know about 1 Chase Manhattan Plaza. Well, aside from the fact that the 60-story structure, built in the 1950s, was the headquarters of the once-legendary Chase Manhattan corporation, and which when it was built was the world's sixth tallest building, not much.

So we set off to learn more.

To learn more, we first went to the motherlode: the Landmarks Preservation Commission, whose report on 1 CMP describes everyone one wants to know about this building and then much more, such as that:

One Chase Manhattan Plaza combines three main components: a 60-story tower, a 2½ acre plaza, and a 6-story base, of which 5 floors are beneath grade.

So the old Chase HQ, once the stomping grounds of one David Rockefeller, and soon to be the other half of JPMorgan Chase, has 5 sub-basements, just like the NY Fed...

Reading on:

Excavations, said to be the largest in New York City history, reached a depth of 90 feet

Or, about the same depth as the bottom-most sub-basement under the NY Fed...

But then we hit the jackpot:

Originally constructed with white marble terrazzo paving and enclosed by a solid parapet of white marble travertine that was personally selected by Bunshaft in Tivoli, Italy, the L-shaped plaza levels the sloping site and conceals six floors of operations that would have been difficult to fit into a single floor of the tower, including an auditorium seating 800 [and] the world’s largest bank vault.

And there you have it: the JPM vault, recommissioned to become a commercial vault, just happens to also be the "world's largest bank vault."

Digging some more into the curious nature of this biggest bank vault in the world, we learn the following, courtesy of a freely available book written by one of the architects:

On the lowest level was the vault, which rested directly on the rock - the "largest bank vault in the world, longer than a football field." It was anchored to the bedrock with steel rods. This was to prevent the watertight, concrete structure from floating to the surface like a huge bubble in the event that an atomic bomb falling in the bay would blow away the building and flood the area.

In other words, the world's biggest bank vault, that belonging to the private Chase Manhattan empire, and then, to JPMorgan, was so safe, the creators even had a plan of action should it sustain a near-direct hit from a nuclear bomb, and suffer epic flooding (such as that from Hurricane Sandy).

It is no surprise, then, that the street entrance to this world's biggest vault located under 1 Chase Manhattan Plaza makes the entrance to any medieval impregnable fortress seem like child's play in comparison. Courtesy of Google StreetView:

and if you rotate the StreetView 180 degrees...

View Larger Map



Yet it is not what is on this side of the street, which just happens to be known as Liberty Street, that is what is the most interesting part of this whole story. It is what is on the other:

Or, shown another way...

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.

We think readers can do a good enough job on their own.

h/t Ro

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Almost Solvent's picture

There's no gold there silly!

nope-1004's picture

So we've got physical addresses of vaults, yet when Pisani visits and holds up a bar, the serial # shows it doesn't belong?  Then the Queen is trotted out in the Longdon gold vaults for the LBMA?  And why last fall, when Germany wanted to come and 'see' their gold, Turbo Timmy refused them access to these vaults?

Why this is not making sense is obvious.


mjcOH1's picture

"Why Is JPMorgan's Gold Vault, The Largest In The World, Located Next To The New York Fed?"

Well, back in 1928, the Treasury agreed that everytime it borrowed 1 metric ton  of FRNS it had no intention of repayng to buy the vote of an entitlement receipient, it would transfer possession of one ounce of gold to JPM.   Hence the enpty bunker at Fort Knox and the relocation to NYC of the remaining stock once the weekly truck shipment became less convenient than  the 5ft per minute conveyor belt across the street between vaults. 

You asked.




TruthInSunshine's picture

I drank much monk brewed ale last night, after a week of strenuous mental agility exercises.

Wake up on a Saturday, and BOOM! Zero Hedge Jedi "Mind Meld"  IN MY FACE.

Whether it's all for real or all for show, actuality or some false dichotomy, I'm thinking that the House of Morgan is Mister Geppetto & the central fractional fiat reserve banks are all marionettes.

knukles's picture

Ya-no, it's really all probably just maybe, another coincidence after all.
(Cheech Martin laugh like when he said "we don't any more" to the officer)

Xibalba's picture

Bankers playing pong with other peoples gold...

SafelyGraze's picture

"The truth is financial authorities in all civilized countries have recognized for some time that gold is wasted in general circulation.

Gold should be concentrated in reserves of the banks -- more particularly the government banks -- and paper money put in circulation"

saturday evening post, 1914

FEDbuster's picture

Just checked my gun safe, everything is safe and sound.  No tunnels, no rehypothication, no counterparties, no leasing, no ETFs, no eight year wait to get my gold.......

jeff montanye's picture

then you are, perhaps, mexican not german.  just joking. the mexicans have their gold in london (or so they have been told).  this is the biggest financial story since too big to fail, jail, rail, detail, nail).

Element's picture



Barbarous relics are often fragile and very rare so this is really just a philanthropic museum initiative by JPM, and that other home of barbarous relics, the FED. All completely Kosher! Good on you jpm, make sure you put greenspam and bernanka in there too! 

A little love song, for all you guys:


The Heart's picture

In the same spirit and trumpeting brotherhood around this world.

One for all...and All for One!

There is no us and them...there is only us all!


jaap's picture

just park your sonic probing truck in Liberty Street. A tunnel at 90 feet should show up in the data/graphs.



GetZeeGold's picture





It's good to know both crime scenes are close to each other....should cut down on the manpower required should we actually decide to investigate.

BaBaBouy's picture

Good Reporting TYLER ...


There Is Probably A Secret Passage Between The Two Vaults, Complete With Conveyor Belts???

Only Ben Shalom Has The Key...

Just Sayin', If  All That Guilded Tungsten Has To Be Moved In A Hurry...

BaBaBouy's picture

Just Fuckin' Great ...


All Our CB GOLD Is GONE, And We Have A GENIOUS President Who Thinks The Jedi's Do The Mind-Melds ...

Short Memories's picture

should've hit that one with a plane!

DaveyJones's picture

my favorite thing in the whole article is the phrase "tool resistant"

Pinto Currency's picture


If the Germans were allowed in to the NY Fed vaults to inspect their gold they might just say "What's behind that door that says JP Morgan Chase on it?"

It may not just be Ft. Knox that putatively has gold problems.

"One of the first written accounts questioning the amount of gold really stored in Fort Knox appeared in 1974 in a tabloid, the National Tattler. An unnamed informant claimed that there was no gold left in Fort Knox. The sensational nature of the story, and of the newspaper, wouldn't perhaps contribute to the credibility of the account but it was later revealed that the informant, Louise Auchincloss Boyer, secretary to Nelson Rockefeller, had fallen out of the window of her New York apartment and died three days after the publication in the Tattler."


strannick's picture



Its not 2 vaults and one tunnel, its 1 vault and 2 doors

disabledvet's picture

word is "the Chase Manhattan building stinks as a workplace" though. Goes to show you "what all that gold gets you." (nice vault...nothing more.) Of course after Bear Stearns..."here's what all that gold gets you": http://en.wikipedia.org/wiki/383_Madison_Avenue
"stiff and boring"...but brand phucking new when Jamie Dimon and Co. moved in in 2008.
here's a shameless plug for Bill Cohan's book: http://en.wikipedia.org/wiki/House_of_Cards_(Cohan_book)
"otagonal structures" are an interesting motif. historically speaking ontagonal structures were "purpose built" http://www.topsider.com/octagonal-homes.asp
my understanding is that "they used octagons because they couldn't design a build something circular...so they went for 8 sides instead as the math was still do-able." sounds like Bear Stearns all right. "when you have all the gold in the world who cares about math" right?

Half_A_Billion_Hollow_Points's picture

You're reading this right, Putin?

Dubious Maximus's picture

good point, as opposed to "tool proof". Resistance is futile

CheapBastard's picture

"Possession is 10/10ths of the Law."

Againstthelie's picture

The answer is simple why:

Hjalmar Schacht, Germany's chief of the Reichsbank, wrote in his memoirs, that when he visited the NY Fed in the 1920s and the governour wanted to show him Germany's gold, he couldn't find it and that he was totally ashamed. Schacht said to him: "Don't worry, i trust you that it is here."

And that this never can happen again, they decided to have a very big vault nearby...

Preferrably with direct access via underground. For safety reasons, you know. ;-)

I'd like to know, how the central foreign banks that have gold at the NY Fed, are feeling now, since they know, that a more private bank than the private bank FED is the very close neighbour... I somehow have the feeling, that only the first ones with not so much trust, will get their gold back.

knukles's picture

Was the problem finding Germany's gold or Ny gold in general?

BTW.  If my memory serves me well, y'all know that glossy the NYFed puts out with the pic of the gold bars?
Take a look at the shape in one of 'e,
Squareish, like bricks.  Not tapered etc.
Not LBMA good delivery, folks.
Just sayin'

Acet's picture

What's really nice is how the other JP Morgan vault - the one located in London - is right next to a tube (metro) line at the same depth which in turn also passes right next to the Bank of England's vault and which is closed every Sunday (unlike any other tube line in London).

It seems like quite a convenient arrangement for any central bank that acts as depository for sovereign gold of other nations and wants to quietly lease out said gold.

Now ask yourself, why would the BoE and the Fed have such convenient, easy and above all secret physical connecton between the vaults where they store other nation's gold and the vaults of a private entity which is known to trade heavilly in PMs and PM futures and options ???

Muppet Pimp's picture

Old rumor was that part of the reason for the creation of the FED was that the American people (et al) would find it distasteful for JP Morgan be the entity that set the price to borrow dollars. 

Also worth noting that JPM was the least involved in the subprime fiasco out of the big banks and held sufficient capital aka fortress balance sheet to weather the storm on their own.  To this day, most of their involvement in all that mess is due to their acquisitions of failed entities.  They seem to play the long game over there. 

Is this piece a prelude to the truth being made known?

CompassionateFascist's picture

I don't want my gold/silver in 2 places at once. I want it in 3, 4, 7, 11, 19 places at once. Then it's safe.

disabledvet's picture

Jamie Dimon made some bad moves in M&A? Really? I will say that his M&C Bank truly is a colossus now. There are only three like her...HSBC and UBS. Bank for America, Bank for Britain and Bank for Europe...sound about right? "All playing from the long game" as you so correctly put it. "truth be told" there is no such thing as a "fortress balance sheet" in a world where banks are...ahem..."publicly traded." THAT's your bank capital...not something on some spread sheet somewhere. obviously "money" wasn't all that protected "back in day" (turn of the 19th to 20th century.) seems even less protected today actually..."truth be told...but never known." Here's the type of "vault" the Government can make: http://en.wikipedia.org/wiki/Wieliczka_Salt_Mine people laugh but the REAL rumors are not "where the gold vault is" but "where are the huge underground cities" the West has been building for decades. "and are they connected by vast underground rail links that can travel at speeds in excess of....

Troy Ounce's picture

Next time I'm in London, I will take the Waterloo - City tube line and sit on the left hand side. 10 to 1 there will be a diversion underneath JPM's vault alternatively a mini-tube station. Or at least a door positioned at the same level as the entrance of the tube.

I will use my mobile phone to make a HD video (with light). See here the exact location of the tube lines: carto.metro.free.fr/cartes/metro-tram-london/index.php?station=Blackfriars 

What I want to prove is that there is direct underground access from private to public gold vaults, be it in NY or London. OK, OK, at least chip away the msm credibility story.

It is a shell game which needs to be exposed.

Of course, Londoners with nothing else at hand.....(Waterloo-City tube line closed on Sundays..), please post your findings below.

DaveyJones's picture

increase your life insurance

old naughty's picture

as if it grants you 'protection'?

And yet you will never enjoy compensation.

Againstthelie's picture

IIRC Schacht wrote about this happening at the NY Fed when Strong wanted to to show him the bars only. I don't know, if Germany's gold holdings in the US was concentrated at the NY Fed only.

vamoose1's picture

Exactly    great  post.

But  this  thing  is   getting  loose    and   panicky.

We  now   have Venezuela   Azerbaijan, Austria  The   Netherlands   Germany   Australia  and   today   Mexico  at   various    stages  of   the   repatriation  process

    And  these   are   only   the   ones   we   know   about...   what  about  the   white   knuckled   other   60   countries    with  their  gold   ostensibly   at  the  NY Fed....    sure  it   is     which  is   why   it   will   take  Germany    40   bloody   years   to   get   their  gold    delivered   when  its    about   4   Lufthansa flights   they    could   knock  off   in   a   day.

Lest  we   forget  Germany   left   their   thousand   tons  at  Bof  E.     which  rather   implies  its  stolen  too. Hence  an   87  year old  Queen   touring the  B  of  E   Gold   vault    virtually   vomiting.

   The   next  day   she   attended   a   cabinet   meeting   the    first  British   royalty   to   do  so   since  the   late  1700s.

  If  i  were  Mexico    popping  in   for   my   little   audit   i  would   sorta    change  my   mind  raise  the   stakes   to  a  full   repatriation   and  have   3 Aer   Mexicana  planes idling  at  Heathrow destination  Mexico   City   having   spent   the  previous  night   praying   their   position    might   be   small    enough    to   actually   get   filled.


    But  the   big  question   is     the   bond   market...  Sovereign  or   not    financial   intermediaries    cannot   hold  T Bonds   issued   by  common   criminals.  They   will   never   get  out  of   court.

    And   the   second   question is what   are  the   other   60   countries    doing   who   thought   their   gold  was   safe   at  NY  FEd.  Not   exactly   it   went    down  that  Tunnel  to  JPM   who  used  it  to   suppress  the   gold   market    for  the   last   33  years  


Rathmullan's picture

That's why Jamie Dimon is richer than you.

aint no fortunate son's picture

He who sells first (or repatriates) wins

Urban Roman's picture

Keep your eye on the pea. 

And pay no attention to that hole in the table..

NoDebt's picture

You didn't need to think that hard.  Just watch "Oceans Eleven" and you got it.

francis_sawyer's picture

I was thinking more like 'The Crying Game'...


& well... since nobody has noticed yet... The JPM Tower [in the foto caption] looks like...



ClassicalLib17's picture

Listen up, junior,  I used to swill beer and wine at your age, but at 59 years I find that fine kentucky bourbon keeps my arthritic joints well oiled and flexible.  Stop your bad habits now before the cogeners ruin your cartilage.  Bourbon is king

jeff montanye's picture

thank you for the observation on cartilage.  you can never have enough (rhinoplasty excepted).


Kirk2NCC1701's picture

The world's been "Morganized".  Even the Germans say "Guten Morgen" out of respect, every day.  ;-)

Turd Ferguson's picture


Dieselclam's picture

I hope someone gets a bucket of paint and makes hash marks over that tunnel and both vaults and writes "Zero Hedge says 'dig here'."

Buck Johnson's picture

One day when everyone truly find out how much of a ponzi the American aka the western banking system is, it will take down whole countries. 

Manthong's picture

A lousy two million ounces of silver?

That’s hardly the catering bill at one of Jamie Dimon’s Hamptons soirées.  

Pascal1967's picture

Like Jamie says, "That's why I'm richer rhan you!"