Monday, February 7, 2011

JPMorgan takes gold collateral, inflation in focus

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

J.P. Morgan Chase said on Monday 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.

Good luck on JPMorgan returning clients' bullion when the proverbial crap hits the fan.

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