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1 posted on 03/05/2013 5:34:23 AM PST by dennisw
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To: dennisw
For those who aren't easily discouraged, buried deep in the bowels of the CFTC's website, is a veritable goldmine of data, in the form of supplemental applications from assorted CME members, who one after another, and very quietly, had the CME provide supplements to the CFTC vouching for their approval as "licensed depositories and weighmasters for gold, silver, platinum and palladium." 

For those curious (and that should be all who are interested by the precious metals space) what constitutes an approvable vault, we present the fully filed supplement application by Brinks (recently best known for having two of its armored cars captured in a Google Streetview snapshot just outside the JPM office at 60 Victoria Embankment) filed with the CFTC:

The application submitted by Brink's, Inc. and Brink's Global Services USA, Inc. for licensing its facility at 580 5th Ave., New York, NY for storage of the respective NYMEX and COMEX Gold, Silver, Platinum, and Palladium contracts meets the requirements of the Exchanges.

 

BACKGROUND INFORMATION

 

Brink's Global Services USA, Inc. is a wholly owned subsidiary of Brink's Inc. The Brink's Company, which owns Brink's Inc., was founded as Brink's City Express in Chicago in 1859, and has been in operation for 150 years. Currently, it is based in Richmond, Virginia. Starting as an armored transportation service, it evolved to expand its operations to include precious metals storage in the late 1990s. Brink's has been operating Licensed Depositories approved to store precious metals against the Exchanges' Futures Contracts for 10 years. Brink's international network operates about 875 facilities and services customers in over 50 countries. It is estimated that it employs approximately 59,400 employees.

 

NAME AND ADDRESS OF APPLICANT

 

Office Location

 

Brink's Inc. and Brink's Global Services USA, Inc. Suit400
580 Fifth Avenue
New York, NY 10036

 

Vault Location

 

Brink's Inc.
580 Fifth Avenue
New York, NY 10036

 

LEASE/VAULT CLASSIFICATION/INSPECTION

 

Exchange staff inspected the facility at 580 5th Ave., New York, NY on Thursday, June 17, 2010, which is owned by Forty Seventh Fifth Company, LLC. Brink's Inc. is the Tenant in the signed copy of the Lease Agreement, entered into on November 9, 1992, that was provided to the Exchange. There are 5,000 square feet of space available, enclosed by four steel reinforced cinder block walls with a concrete ceiling and concrete floor on top of bedrock. The interior of the facility is divided into several work areas, including a 752 square foot, modular vault capable of housing one million ounces of gold, platinum, and palladium, and an additional two million ounces of silver. The no floor vault solution is surface mounted to the existing basement slab which is described as bedrock. The walls and ceiling-grid carry a U.L. Class-3 designation which is torch and tool resistant. The vault is equipped with one U.L. listed Class-3 oversized vault door offering a clear opening of 52"wide x 78" high. Custom Vault Corporation has certified that the existing vault system at 580 5th Ave., New York, NY meets all current U.L. listings as a Class-3 five-sided structure. It has also certified that all modular components (the modular vault panel components were manufactured by International Vault, Inc.) of the system have passed testing in accordance with the U.L. "Burglary Resistant Vault Doors" and "Modular Panels" standards. Cameras, motion detectors, and entry way alarms are installed throughout the interior and exterior access points. The activity is monitored 24 hours per day, 7 days per week. Access from exterior points to interior spaces is limited by the use of biometric proximity readers that record all activity. A majority of employees assigned to the area are licensed to carry Brink's issued firearms. The Depository employs Metler Toledo SG32001DR high precision self calibrating balances. The scales weigh to a tolerance of 1/1000th of a troy ounce, and meet all of the Exchange's requirements

Thus we know where at least one of the world's largest precious metals depositories is located: deep underground the Diamond Tower located in the heart of Manhattan's jewelry district.

Another such supplement was filed by the Bank of Nova Scotia's Scotia Mocatta. What many may not know is that it was Scotia Mocatta's vault that was destroyed in the events of September 11, as SM's vault was located deep beneath 4 WTC. From the application:

The Bank of Nova Scotia’s Scotia Mocatta Depositary (SMD) is an Exchange-licensed depository for Gold, Silver, Platinum and Palladium. SMD has submitted applications, requesting that a new facility, located at International Airport Center, 230-59 International Airport Center Boulevard, Building C, Suite 120, Jamaica, New York, be approved for the storage of gold and silver deliverable against the COMEX Gold and Silver Futures Contracts, and for the storage of platinum and palladium against the NYMEX Platinum and Palladium futures contracts.

 

History: The Bank of Nova Scotia, doing business as SMD, is an Exchange Licensed Depository for the storage of gold, silver, platinum, and palladium, and its current facility is located in Manhattan at 26 Broadway. SMD was previously known as Iron Mountain Depository (IMD), its name was changed when it was acquired by the Bank of Nova Scotia in 1997. The IMD/SMD facility has been a COMEX licensed delivery point since 1975. SMD has planned to develop a new facility since the terrorist attacks upon the World Trade Center, which destroyed SMD’s facility at 4 WTC. SM subsequently returned to its existing and former facility as an intermediate measure while the new facility was designed and built.

 

In evaluating this application, SMD’s performance in the wake of the terrorist attacks on the World Trade Center must be noted. SMD’s Licensed Depository was located in a sub-basement of the WTC at the time of the attacks. When the material in this facility was trapped within the debris, SMD acted swiftly, offering to purchase any and all of the warranted material that was buried at the request of any holder of warrants to this material. Scotia further prepared to make replacement material stored in Canada available to offset any potential supply shortage that the destruction of its WTC facility might have caused.

So Scotia Mocatta's place for a new vault is deep in Queens under what is described as a "two-story elevatored building located in a four building industrial park, Located within close proximity to JFK International Airport."

Just in case the gold has to take off rather quickly we assume.

And since both of these applications also contained an official list of licensed "depositories and weighmasters" we finally can compile a full, official list of where the largest commercial gold vaults in New York are located:
EXCERPT
EXCERPT

EXCERPT
EXCERPT

2 posted on 03/05/2013 5:38:22 AM PST by dennisw (too much of a good thing is a bad thing --- Joe Pine)
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To: dennisw

I’m sure there is no secret tunnel between them. No way.


4 posted on 03/05/2013 6:16:52 AM PST by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: dennisw

Isn’t Morgan a Jewish name? (hint, hint). ;)


7 posted on 03/05/2013 6:25:46 AM PST by AppyPappy (If you aren't part of the solution, there is good money to be made prolonging the problem.)
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To: dennisw

So what?

A prudent banker has a secure vault. On Manhattan it is necessary to anchor the vault to the bed rock that lies 90 feet below grade. Everybody knows that a bad storm can cause water in the streets even as high up as the NY Fed. Prudence demands the below grade vaults be water tight..... common sense.

Those who conduct international settlements need to be able to facilitate the transfer of gold to settle accounts. To have the ability to do that for others is to have the ability to generate fee income. To have the largest and most secure vault is to have a moneymaking piece of architecture


9 posted on 03/05/2013 6:48:14 AM PST by bert ((K.E. N.P. N.C. +12 .....The fairest Deduction to be reduced is the Standard Deduction)
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To: dennisw

Because when Obama starts the Civil War to destroy America soverignty for the New World Order, they don’t wat to risk the gold? Silly colonists have been known to win against european schemes before.


11 posted on 03/05/2013 7:41:49 AM PST by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: dennisw

The new world order is the current strain of a long line of transnational banking groups stretching back to the middle ages.

J P Morgan was a representative of European banking interests.

If you read about his life, you will find that his father was the junior business partner of George Peabody.

George Peabody was a representative of European banking interests, namely the Rothchilds. George became tied in with their London branch, which was behind the Bank of England in much the same way that the same interests were behind the U.S. Federal Reserve.

The Federal Reserve was first proposed by Paul Warburg, who came to America from Germany in 1902, and gained citizenship in 1911. The idea of central banking was being promoted in the U.S. all during the 1800’s, and the European bankers, being heavily invested in America, kept causing financial panics to convince the public of the need for a private central bank.

Paul Warburg was a key negotiator for the US at the end of WWI, and his brother Max was a negotiator for the Germans. Paul served as the second Vice Chairman Aug. 10, 1916-Aug. 9, 1918 of his Federal Reserve. His son James was the key financial advisor to FDR.

The cries against “fiat money” and insistence on a “gold standard” are the backup plan of the banking elites, in case their Federal Reserve somehow gets shut down by the electorate.

In the case of a gold standard, the government once again can’t issue money - without buying gold from the same international banking family networks, who have been dealing in gold for centuries; that was actually their first business.

Yes, the NY Fed is, in essence, the Fed itself. The “12 regional banks” idea was made a part of the plan to provide the illusion of the bank being regionalized. Sorry if this news ruins anyone’s morning.

Basically, the Fed is a scam whereby banking elites have the whole nation indebted in a nice easy one-stop-shopping deal - they get the government to borrow, which can extract taxes from people to pay back its debts.

There is a lot of information available on this, but sprinkled in with it is a mistake here and there. This helps the banksters to frame the whole story as a nutty conspiracy theory.

This whole problem can be remedied easily and without financial pain for those who work, but first people have to wake up and understand the whole scope of the conspiracy.

The conspiracy theories, in their correct form, minus mistakes, are 100% true. They are far beyond what you know, they reach around the world and go back through centuries of history - including events that we are taught is American greatness. Our Republican and Democrat politicians - even some of our favorites - see this as simply “American winning”, when it’s really about the enslavement of all nations to banking elites.

The number one rule of the banksters for politicians - do not have government create its own money; they only want government to borrow money from them or buy gold from them. The banksters enforce this rule, and the rule of silence of their own members, on pain of death.


14 posted on 03/05/2013 8:43:54 AM PST by PieterCasparzen (We have to fix things ourselves)
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