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APR 05, 2013 - Zero Hedge

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Friday Humor: "JP Morgan Has Insurance To Cover Custody Of The Metal"

In the aftermath of the Cyprus deposit confiscation, everyone can be excused about feeling a little bit concerned about their deposits held at a European (or any other) bank. Everyone can certainly be excused about feeling concerned about their (rehypothecated) precious metals holdings, Cyprus or not, with any financial counterparty anywhere in the world (because in matters such as those, we don't need Diesel-BOOM to tell us that Executive Order 6102 is "the template"). Recently one reader put two and two together, and in the aftermath of the Zero Hedge expose of JPM's London gold vault and ... Read More

Tags: Friday Humor: "JP Morgan Has Insurance To Cover Custody Of The Metal",  Hedge Funds Latest News