General Discussion

dixiegrrrrl

(60,161 posts)

11. I watched that yesterday

Sat Jan 25, 2014, 03:06 PM

Jan 2014

which made me look up HSB where I found the Z Hedge stuff.

Meanwhile, over at JP Morgan....
charts and more at the link.

JPMorgan's Gold Vault Has Biggest One-Day Withdrawal Ever

Curious why over the past few months JPM has quietly been accumulating a substantial amount of eligible physical gold (even as its registered gold inventory is the lowest it has ever been at just 87K ounces since December 13, 2013 when 147K ounces of gold was withdrawn - keep that date in mind for a few minutes)? This may have something to do with it: moments ago the daily Comex gold vault report confirmed what many expected, namely that the JPM accumulation was merely in advance anticipation of major withdrawals. How major? Well, on January 23, JPM saw 321,500 ounces of gold depart in one day. This was tied for the single biggest daily withdrawal in history!The last time JPM had an identically sized withdrawal? December 13.... 2012.

http://www.zerohedge.com/news/2014-01-24/jpmorgans-gold-vault-has-biggest-one-day-withdrawal-ever

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Highlight:

HSBC (Britain's largest bank) Restricts Large Cash Withdrawals [View all] dixiegrrrrl Jan 2014 OP

Big red flag. Agschmid Jan 2014 #1

Yes it is - they are afraid of a run on the banks. jwirr Jan 2014 #12

I get the logic DFW Jan 2014 #2

The best way to start a run on a bank ChairmanAgnostic Jan 2014 #3

Hong Kong Shanghai Banking Corporation Jesus Malverde Jan 2014 #4

Governments don't want people making large cash transactions -- they're hard to tax FarCenter Jan 2014 #5

Has nothing to do with the 80 billion shortfall, eh? dixiegrrrrl Jan 2014 #6

If they had a liquidity issue, they would restrict wire transfers. FarCenter Jan 2014 #8

It's always the fault of those darn regulators Aerows Jan 2014 #14

Cash withdrawls Sgent Jan 2014 #15

Is it possible to write a really big check to yourself? Renew Deal Jan 2014 #7

They just got though selling their credit card accounts to Capital One. LiberalArkie Jan 2014 #9

from Max Keiser marmar Jan 2014 #10

I watched that yesterday dixiegrrrrl Jan 2014 #11

Time to get your money out trublu992 Jan 2014 #13

SO GLAD I GOT OUT OF HSBC 9 MONTHS AGO!!! lindysalsagal Jan 2014 #16

maybe true but dated... Jesus Malverde Jan 2014 #17