Thought it was interesting today as I was perusing the CME website and saw this notification for product highlights;
Reminder: CME Clearing Accepts Gold As Collateral.
Yes, you can give them your gold in place of cash!
This has been fact since Oct. of 2009, and you can see the official notice out of the CME here;
They just wanted to remind everyone that gold is just as good as money with the CME. This just reminded me that nothing has really changed in our financial realm. If anything it has gotten worse and gold is getting ever more attractive to those that want to protect thier wealth.
don’t mind the 15% haircut on your gold deposits if you decide to go that route.