Monday, July 22, 2013

Fire at JP Morgan Gold Warehouse CMP 1 on Wall Street or not

from http://investmentwatchblog.com : 20 Firetrucks, 4+ ambulance and police showed up
There is zero media coverage about this beside Stopmotions stream of the event and a few locals tweeting about it
This is supposedly where JP Morgan keeps their gold. The very same gold that has been dwindling down at astonishing rates lately. JP Morgan warehouse 100 feet below CMP 1 on Wall Street.
Read more at http://investmentwatchblog.com/breaking-massive-fire-reported-in-the-basement-at-the-jp-morgan-gold-warehouse-on-wall-street-why-so-many-firetrucks/#GxCv0C1iRWXczsXg.99


http://www.zerohedge.com claims this not the JP Morgan vault:

For modern generations, 23 Wall Street may be better known as the (incorrect) facade of the NYSE as represented in The Dark Knight Rises.
Of course, JPM has long since moved on from its landmark location just across from the NYSE, and now can be located at its Park Avenue headquarters (with its Bear Stearns annex), and of course, at 1 Chase Manhattan Plaza.
So what is now housed in the 15 Broad/23 Wall Street block to where the FDNY was responding, if not any JPM? 23 Wall and 15 Broad Street were sold in 2003 for $100 million to Africa Israel & Boymelgreen (there is likely a far more interesting story surrounding Africa Israel and Boymelgreen here than there is about the "fire in JPM's vault"). The two buildings have become a condominium development, Downtown by Philippe Starck, named for French designer Philippe Starck, one of a growing number of residential buildings in the Financial District. Starck made the roof of 23 Wall into a garden and pool, accessible to the residents of the development.
Could there be a vault in the Downtown residential building, and could the FDNY have been responding to a fire in such a "commercial vault"? Of course: as anyone who has ventured into the skyscraper forest of New York's Financial District knows, there is an underground vault in virtually every building.
However, was this the JPMorgan gold vault? Certainly not.
 

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