The Door is Opening on Gold as ‘Currency’

For over 5,000 years gold has been the standard currency in the world, yet in the last 50 years gold has taken a back seat to the other fiat currencies.

Now, after too long of an absence, LCH.Clearnet is considering gold as collateral against margined positions. Pending regulatory approval, LCH.Clearnet will take gold bullion to cover positions on investors accounts.

For the full story read : CNBC: London Clearing House Considers Gold as Collateral

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