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JPMorgan takes gold collateral

Published:

http://www.reuters.com/article/2011/02/07/us-jpmorgan-gold-idUSTRE7162SG20110207

Mon Feb 7, 2011 9:42am EST

LONDON (Reuters) - J.P. Morgan Chase said ... it would accept physical gold as collateral with its counterparties as a growing number of clients look to use bullion as a hedge against inflation.

Isn't gold that "barbaric" yellow metal that sits there not "doing" anything and not "paying any interest"? Ponder

Entry #492

Comments

1.
time*treatComment by time*treat - February 9, 2011, 7:07 am
I'll be impressed if clients can eventually get all of their original bars back.
2.
megamanXComment by megamanX - February 12, 2011, 5:47 am
yeah paper backed by nothing but faith in the government is so much better than that "barbaric" yellow metal that has stood the test of time and has been money for over thousands of years.

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