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J.P. Morgan to Accept Gold as Repo Collateral
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<p>[QUOTE="desertgem, post: 1098230, member: 15199"]If you ever dealt with margin accounts in a brokerage, you probably should read the prospectus very very carefully. The amount of gold you actually own versus how much the bank actually will take as the margin calls start coming in for borrowing stocks to short. I would bet they could pay you back in USD$ if gold goes up or the actual metal based on spot $ if it goes down. That is how I would do it if I was Jamie.[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1098230, member: 15199"]If you ever dealt with margin accounts in a brokerage, you probably should read the prospectus very very carefully. The amount of gold you actually own versus how much the bank actually will take as the margin calls start coming in for borrowing stocks to short. I would bet they could pay you back in USD$ if gold goes up or the actual metal based on spot $ if it goes down. That is how I would do it if I was Jamie.[/QUOTE]
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