RE...goldhappy...gold price Goldhappy this is why The gold price spiked today, at least that is my opinion. This could be very very important to future of Lakeshore Gold.
LCH.Clearnet Accepts ‘Loco London’ Gold As Collateral Next Tuesday
Submitted by Tyler Durden
on 08/22/2012
Gold’s remonetisation in the international financial and monetary system continues.
LCH.Clearnet, the world's leading independent clearing house, said yesterday that it will accept gold as collateral for margin cover purposes starting in just one week - next Tuesday August 28th.
LCH.Clearnet is a clearing house for major international exchanges and platforms, as well as a range of OTC markets. As recently as 9 months ago, figures showed that they clear approximately 50% of the $348 trillion global interest rate swap market and are the second largest clearer of bonds and repos in the world. In addition, they clear a broad range of asset classes including commodities, securities, exchange traded derivatives, CDS, energy and freight.
Full article.....>>>
https://www.zerohedge.com/news/lchclearnet-accepts-%E2%80%98loco-london%E2%80%99-gold-collateral-next-tuesday