Is this a credible site and what happened here

[malaise]

http://investmentwatchblog.com/breaking-massive-fire-reported-in-the-basement-at-the-jp-morgan-gold-warehouse-on-wall-street-why-so-many-firetrucks/
<snip>
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.

[XemaSab]

1. I thought this was going to be about teh DU

and I was gonna be like "Eh, depends on the day and the particular issue."

[malaise]

3. DU is more credible than CNN or the bible

[XemaSab]

11. That doesn't take much

[arcane1]

16. Me too

[djean111]

2. If the gold was there, I think perhaps it is no longer there.

If I had gold, and thought something bad was coming, I would hide it.
But - maybe a fire is just a fire.

[malaise]

7. That's what they're suggesting

But I can find nothing about a fire on a recognized site.

[PoliticAverse]

4. No, that's apparently not where JP Morgan keeps their gold...

See this DU thread with more discussion on the matter:

http://www.democraticunderground.com/?com=view_post&forum=1002&pid=3309170

And this Zero Hedge article on the issue:

http://www.zerohedge.com/news/2013-07-21/did-raging-fire-burn-down-jpmorgans-gold-vault

[malaise]

9. Thanks

Never saw the thread

[Warpy]

5. I'd say the streaming video itself is accurate enough

even if the site itself is a blog and therefore a little dodgy.

I'm not surprised by the response. They need the personnel there to knock the fire out ASAP. They don't care about the gold, it'll survive. They care about the stupid piles of paper and any infrastructure that is running through the building, which might be considerable.

ETA: I've been a researcher and worked in the bowels of several banks. The basement is usually choked with boxes of computer printouts and other paper, they usually try to store up to 5 years' worth. I've seen bank records in basements going back to the turn of the century if the bank was that old.

[pinboy3niner]

6. Paging Geraldo Rivera! Paging Geraldo Rivera!

You want an expert on vaults, I got your expert right here!

[Ruby the Liberal]

10. Please don't page him

Send him an email so that he has time to dress first.

Not enough brain bleach for that selfie he tweeted this weekend...

[malaise]

13. I thought he was the expert

On taking his own photo half naked

[pinboy3niner]

14. He was just "suiting up" for his next vault exploration

[malaise]

15. ROFL

[Ruby the Liberal]

8. Apparently NYC Fire Dept was tweeting about it

so I would call it credible. It is indeed curious that this hasn't hit the news though...

https://twitter.com/FDNY/status/358730690885451779

[malaise]

12. Interesting

Thanks