CME To Allow Gold As Collateral For All Exchange Products - Alex Stanczyk

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CME To Allow Gold As Collateral For All Exchange Products
Oct 20, 2009 12:25 AM UTC

Alex Stanczyk

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Via Your Financial Future:

And some people wonder if gold is money?
LONDON -(Dow Jones)- U.S.-based clearing house CME Group Inc. (CME) will allow physical gold to be used as collateral for margin requirements on all exchange products, a spokesman said Monday.
The new global policy is effective Oct. 19 in accordance with a member’s notice issued late Friday, said spokesman [...]

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