Copper $ 5.359 / lb -2.36%
Brent Crude Oil $ 61.12 / bbl -0.78%
Palladium $ 1542.7 / ozt 0.44%
Crude Oil $ 57.44 / bbl -0.78%
Natural Gas $ 4.113 / Btu -2.79%
Silver Futures $ 62.007 / ozt -3.09%
Aluminum Futures $ 2788 / ton 0.00%
Micro Gold Futures $ 4360 / ozt 0.37%
Micro Silver Futures $ 62.007 / ozt -3.08%
Platinum $ 1762.5 / ozt 2.89%
Gold Futures $ 4328.3 / ozt 0.45%
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Gold as collateral a major step for gold market

Julian D.W. Phillips - Gold Forecaster | June 03, 2011 | 5:45 pm Energy Precious Metals Gold 

www.GoldForecaster.com & www.SilverForecaster.com If gold were generally accepted as collateral in global monetary dealings, would we see it used as such? Strangely enough, no! In certain transactions, however, where no other collateral –whether currencies, government bonds and the like— is...

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