Quote:
Originally Posted by macker
Last month with scant media coverage JP Morgan announced that they will now accept Gold collateral for loans. It can be argued that JP Morgan is the worlds premiere bank. By doing this JP Morgan is basically telling the world that Gold is gaining traction as a medium of exchange. Just another tell along the way.
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A tell of what? That the gold market is more liqid than it has previously been? That investors holding gold as a hedge would like to utilize it in the market as opposed to simply locking it away? It's certainly an expansion of the role of gold in the market, but it's not a dramatic market shift.