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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.
13 de mar. de 2024 · For long term investors, gold merits a position in a diversified portfolio, potentially serving as short-term protection against risk events, a reliable longer-term store of value, and most importantly as a portfolio risk diversifier.
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.
In 1912, J.P. Morgan made a bold statement in his testimony before Congress: “Gold is money. Everything else is credit.” According to former Fed chairman Alan Greenspan, “I view gold as the primary global currency.
15 de jul. de 2024 · With the strong structural bull case for gold remaining intact, J.P. Morgan has upgraded its gold price targets for this year and 2025. Gold prices are expected to climb to $2,500/oz by the end of 2024, according to J.P. Morgan Research estimates.
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.
