JP Morgan Accepts Gold As Collateral For Stock Purchases

Forbes reports that one can now use  non-income producing gold as a way to buy other securities yielding some income return or as a way to post money with counter-parties.

The market news is quoted as saying:

This means  gold holdings  of hedge funds or wealthy investors  will be treated as  the equivalent  of treasury bonds or other securities that can be used to leverage other investments. Another imprimatur for gold being treated as a normal credit substitute in financial markets.

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