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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.27

-0.2%

Nov 21 4:00 PM EST

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To: TobagoJack who wrote (56656)	10/19/2009 8:42:23 PM
From: Secret_Agent_Man	Read Replies (2) of 217986

The gold will be held at J.P. Morgan Chase & Co.'s bank in London. GATA’s Chris P… "Ordinarily the announcement in the news story appended here might be construed as growing recognition that gold is money. But it may be most important for the disclosure in the story's last line: "The gold will be held at J.P. Morgan Chase & Co.'s bank in London." So one has to wonder if this isn't just part of the ongoing fractional-reserve gold banking scheme by which Morgan Chase -- that is, the trading arm of the Federal Reserve -- enlarges a pot of gold that can be presented as belonging to any number of claimants at the same time, claimants like the shareholders of the gold exchange-traded fund GLD, for which Morgan Chase is also custodian." zerohedge.com margin-requirement-collateral

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