The Phaserl


China Opens Largest Private Gold Vault With Capacity For $82 Billion Worth Of Precious Metal

from ZeroHedge:

It was not enough for China to buy JPM’s landmark former downtown Manhattan headquarters, once the stomping grounds of David Rockefeller and the current location of the firm’s massive, and arguably largest in the world, gold vault (which, as Zero Hedge first demonstrated, is located just next to gold vault of none other than the NY Fed). It seems that for the nation that has unleashed the world’s biggest ever buying spree of physical gold -oblivious what the price of paper gold does on a daily basis – having purchased over 2000 tons of gold in the past two years as we showed recently…

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