“Whether it is because the CME just did it; or it’s all their clients have left; or Gold volatility is lower than EURUSD volatility (9.0% vs 9.6% in last 3 weeks); or they see the painting on the wall of Draghi’s grand-plans, the LCH-Clearnet just announced that as of August 28th, unallocated gold will be accepted as collateral for margin cover purposes. This now means all the major exchanges accept worthless barbarous relics as collateral – as well as worthless fiat paper ‘money’.”

http://www.zerohedge.com/news/gold-money-lch-accepts-shiny-yellow-metal-collateral

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy