GOLD gold futures
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is the bottom in for gold?, page-16

  1. timber1956
    7,424 Posts.
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    25/11/11
    15:02
    Post #: 9343464
    parrot,

    Gold as collateral is only monitised when it is liquidated (ie sold). The only exception to that is cash collateral.

    Gold is not money! It is a commodity.

    No lender in there right mind would accept gold as collateral without a substantial haircut. The gold price is too volatile. I wouldn't accept in with a haircut less than 20%, and then I would worry.
    Value at posting: $0.00
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