Thanks.
That's at least 7 margin hikes this year. Since just August 11 gold margins have increased 55%.
In silver, traders must now put up $24,875 to trade one 5,000-ounce contract. The cost to hold overnight was raised to $18,500.
To put this in perspective back in 2002 I was trading gold and silver contracts for hundreds, not thousands, of dollars.
Gold and silver are not the market's enemy. Yet the goal has always been to render them exclusive to a select few through ridiculous margin requirements. Once exclusive, seperated from mass participation, investors are so much easier to intimidate and prices are so much easier to control.
Imagine if 'regulators' (what a joke) had placed equally restrictive margins on Credit Default Swaps (where trillions in underwater derivatives have since ruined the global economy).
But no... we must instead stop gold and silver from reflecting mass interest through mass participation.
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