Posted on 11/27/2012 2:22:31 PM PST by Attention Surplus Disorder
When Super Storm Sandy flooded lower Manhattan, it also flooded the vaults of at least one gold depository.
REUTERS/Siphiwe Sibeko
Monday, the CME declared force majeure at a precious metals depository in New York, Manfra, Tordella and Brookes ("MTB") effective immediately. This depository is one of five locations listed by the CME for the warehousing of physical gold.
(Excerpt) Read more at finance.yahoo.com ...
An amazing thing happened, some of the “gold” was seen floating away in the storm waters.
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