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3 de ago. de 2018 · Gold is the only financial asset that bears zero counterparty risk. Although JP Morgan spoke these words over a century ago, this essential difference between credit and money (gold) remains true today.
Because, as J.P. Morgan stated in his testimony before Congress in 1912, “Gold is money. Everything else is credit.” This letter looks to describe the terms of the competition and identify the best moments to buy currencies rather than gold.
5 de feb. de 2024 · J.P. Morgan famously said this in his testimony before Congress in 1912: “Gold is money. Everything else is credit.” J.P. Morgan was the founder of JPMorgan Chase & Co., an American multinational financial services company headquartered in New York City.
18 de mar. de 2021 · It was J.P. Morgan who said "Gold is money everything else is credit". He said that back in 1912 when the dollar and most developed currencies were backed by gold. Bearers of paper notes had a promise to be able to exchange their notes for gold. Credit, in essence, is a promise to pay.
26 de jun. de 2024 · The J.P. Morgan Reserve card was formerly known as the J.P. Morgan Palladium card, and the Centurion card is commonly referred to as the “Amex Black card” or “Black card.” Both of these cards are invitation-only and very, very exclusive.
The J.P. Morgan Reserve Card, formerly branded and colloquially known as the Palladium Card, is a credit card issued by J.P. Morgan on the Visa network. It is reserved for the wealthiest clients of the firm's global private bank .
8 de jun. de 2023 · John Pierpont Morgan (April 17, 1837 – March 31, 1913) was an American financier, banker, philanthropist and art collector who dominated corporate finance and industrial consolidation during his time.
