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FSN: The US Money Markets And The Price Of Gold
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
from Zero Hedge
Submitted by Martin Sibileau from A View From The Trenches
The US Money Markets And The Price Of Gold
What do USD money markets have to do with gold? Money market funds invest in short-term highly rated securities, like US Treasury bills (sovereign risk) and commercial paper (corporate credit). But who supplies such securities to these funds? For the purpose of our discussion, participants in the futures markets, who look for secured funding. They sell their US Treasury bills, under repurchase agreements, to money market funds. These repurchase transactions, of course, take place in the so-called repo market.
Continue Reading at ZeroHedge.com…
2012-08-19 11:43:30
Source: http://silveristhenew.com/2012/08/19/the-us-money-markets-and-the-price-of-gold-2/
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