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JP Morgan Accepts Gold As Collateral For Stock Purchases
Feb. 08, 2011 06:25PM PST
Precious Metals InvestingForbes 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.
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.
