On Sunday it was incorrectly reported that the JP Morgan Gold vault on Broad Street had caught fire. Let me categorically state that even the world's best pyromaniac would most likely fail burning down a Gold vault. And let me explain why it is virtually impossible....
Gold vaults are constructed not to burn. Virtually all Gold vaults are made of reinforced concrete and other materials that are non-combustible. And the content of a Gold Vault - Gold and other precious metals - are obviously not combustible.
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