What happens if JPM can't deliver Hugo's gold?
Being new to this world of highly educated Turd's, of which I am not, what could happen if Hugo demands his gold from JPM?
Using the chart from ZH I see that JPM has 338,303oz of registered gold available.
https://www.zerohedge.com/news/chavez-pulls-venezuelas-gold-jp-morgan-gr...
According to Bloomberg, Hugos share would be 380,769oz from JPM, 623,076 from BOE, and 2,042,307oz from Zurich. If my math is correct...Someone is in trouble. Possibly JPM?
https://www.bloomberg.com/news/2011-08-18/chavez-emptying-bank-of-englan...
Am I anywhere near right? Or am I just acting like I know something? If this is correct, what types of issues could we as the little guy's be looking at from all of this? Furthermore, how could this further affect our economy of banking systems ect?
