Bid to use gold as collateral advances in Europe

``The European Parliament's Committee on Economic and Monetary Affairs Tuesday agreed unanimously to allow clearing houses to accept gold. The proposal, under the European Market Infrastructure Regulation, will be passed to the European Parliament and the Council of the European Union for another round of voting in July.'' -- This is the high-finance equivalent of "cash4gold"; the banksters are letting major traders and investors know they'll be happy to hold on to your gold to collateralize speculative positions. Which is all just another way of saying gold is being de facto "re-monetized."