Gold as Collateral – World Gold Council

Mineweb reported that the European Parliament’s Economic and Monetary Affairs Committee has confirmed that gold can be used as collateral.

The market news is quoted as saying:

Market demand for gold to be used as a high quality liquid asset and as collateral has been building for some time. In late 2010, ICE Clear Europe, a leading European derivatives clearing house, became the first clearing house in Europe to accept gold as collateral.

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