by Metals and Miners
Last Thursday, JPMorgan, the biggest gold desk on the planet, abruptly moved their entire trading desk to Singapore, revealed through a leaked internal email. They told 50+ employees to pack their families, belongings, etc and head overseas, by end of week. This is not the type of thing that happens every day. This is an alarm bell ringing.
The internal email that has been leaked states that ultra-high net worth individuals are moving money out of the United States in mass. This is highly unusual and clearly something BIG is happening. The smart money knows something the public has not yet been told. Watch the reading of the internal email here:
Something is happening in the global gold market, and it’s a story we are not hearing on the mainstream financial news. For some reason, U.S. institutions are de-risking away from U.S. jurisdiction for their gold holdings. They are buying gold offshore.
And last week, in a move that should send a chill down the spine of every investor, JPMorgan moved its entire precious metals trading desk to Singapore. This isn’t just a corporate relocation; it’s a seismic signal that the Western paper markets are on the verge of a crisis. Is it a preemptive move for the sudden death of the COMEX?
For decades,…
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