JP Morgan accepting gold as collateral [merged topics]

[scottwold]

MODERATOR EDIT: split this from "Gold is a Terrible Investment - According to Dave Ramsey" and merged it with other posts on the same topic.

Agree that gold is overvalued... relative to silver. As an aside, did you see this?

JP Morgan is accepting gold as a collateral.  http://finance.yahoo.com/banking-budgeting/article/112067/jp-morgan-will-accept-gold-as-type-of-collatera

So at least it can be used to earn some income, instead of just sitting there.

[Crash]

Ok here we go. And it looks like silver is next. This could send prices soaring on both gold and silver. Watch this very closely.

http://dailybail.com/home/tavakoli-gold-is-now-official-currency-says-jp-morgan.html

[kiteflyer]

     Looks like Gold is getting it's old place  back again in the market place,at least partially.

                 kiteflyer

           http://online.wsj.com/article/SB10001424052748704422204576130192457252596.html

[LdMorgan]

Yeah--I can just BET that JP Morgan is accepting gold as collateral!

What a hoot!

If you give your gold to JP Morgan, what are they going to do with it?

Loan it out: "put it to use".

Ummmm! That sounds secure!

When will you get your gold back?

Whenever the decide to give you your gold back!

Or not at all if JP Morgan ceases to exist.