JPMorgan’s Eligible Gold Plummets 65% In 24 Hours To All Time Low

As reported in Zerohedge:

‘In just the past 24 hours, from April 24 to April 25, according to the Comex, JPM’s eligible gold plunged from 402.4K ounces to just 141.6K ounces, a drop of 65% in 24 hours and the lowest amount of eligible gold held at the vault on record, since its reopening in October 2010!’

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Pertinent questions from the article:

What happened to the commercial gold vaulted with JPM, and what was the reason for the historic drawdown?

Gold, unlike fiat, is not created out of thin air, nor can it be shred or deleted. Where did the gold leaving the JPM warehouse end up (especially since registered JPM and total Comex gold has been relatively flat over the same period)?

Did any of this gold make its way across the street, and end up at the vault of the building located at 33 Liberty street?

What happens if and/or when the JPM vault is empty of commercial gold, and JPM receives a delivery notice?

IMHO they’ll find extra paper tons of gold so nothing to worry about, move along there’s nothing to see here!

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