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