StreetInsider.com - GOLD ABOVE $1400; PMX Gold Releases Preliminary Gold Bullion Vending Machine Sales Data, Confirms Planned Nationwide Expansion Based on Gold's Emergence as Parallel Currency: "Gold Bullion's Acceptance as Collateral by Financial Institutions and Emergence as a Parallel Currency
Earlier this week JP Morgan announced that they will accept physical gold bullion as collateral and allow institutional firms and banks to borrow money against deposits. It is interesting to note, however that they will not accept ETF trust gold as collateral, thus clarifying the significance of physical gold holdings. This announcement follows CME Clearing Group's decision to accept gold as collateral for trades on the exchange, and that Gold Bullion can be used for margins for CME trades ranging from crude oil, gold, grains, equity indexes and Treasury bonds.gold..."
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