/blogentry/51235 time*treat's Blog: JPMorgan takes gold collateral en-us Lottery Post RSS Generator /blogentry/51235#c59458 /blogentry/51235#c59458 Sat, 12 Feb 2011 10:47:43 GMT megamanX 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.

]]> megamanX /blogentry/51235#c59385 /blogentry/51235#c59385 Wed, 09 Feb 2011 12:07:01 GMT time*treat I'll be impressed if clients can eventually get all of their original bars back.

]]> time*treat /blogentry/51235 /blogentry/51235 Wed, 09 Feb 2011 12:03:56 GMT time*treat 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 ?

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