GOLD (Au) PRODUCERS

[NYBob]

China's Largest Conglomerate Buys The Building That Houses JPMorgan's Gold Vault -
Rothschild gold -
Submitted by Tyler Durden on 10/18/2013 - 13:54


In what is the most remarkable news of the day, which has so far
passed very quietly under the radar, Fosun International,
China's largest private-owned conglomerate which invests in
commodities, properties and pharmaceuticals also known as
"Shanghai's Hutchison Whampoa", announced in a statement filed
just as quietly with the Hong Kong stock exchange, that it had
purchased JPM's iconic former headquarters, the tower built by
none other than David Rockefeller, at 1 Chase Manhattan Plaza
for a measly $725 million.

None of this is particularly newsworthy What is, however, is what
Zero Hedge exclusively reported back in March, namely that the
very same former JPM HQ at 1 Chase Manhattan Plaza is also
the building that houses the firm's commercial gold vault:
incidentally, the largest in the world.

Why? We don't know.
We do know that China's gross gold imports from Hong Kong alone
have amounted to over 2000 tons in the past two years.

This excludes imports from other sources, and certainly internal
gold mining and production.
One guess: China has decided it has its fill of domestically held
gold and is starting to acquire gold warehouses in the banking
capitals of the world.

For now the reason why is unclear but we are confident the answer
will present itself shortly.

http://www.zerohedge.com/news/2013-10-18/chinas-largest-conglomerate-buys-building-houses-jpmorgans-gold-vault





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