Mitt Romney Owns Over $250,000 In Gold, Maybe He Knows Something You Don't?

Aug. 14, 2011 - PRLog -- The analysts dug up a fascinating factoid after Republican presidential candidate Mitt Romney submitted his financial disclosure report: he and his spouse Ann own a substantial amount of gold. From an individual wealth of $190 and $250 million, the couple is the owner of between $250,000 and $500,000 of gold. Visit http://silver-dollar-values.com for more profitable silver and gold tips.

Offered his individual wealth, nevertheless, that may be regarded as mild. Some monetary specialists recommend that a minimal of 5% of an individual’s wealth go to gold being an insurance coverage. In that situation, the couple is about $2 million quite short. The couple’s gold financial commitment also equals the sum they have tied up in two horses, also valued among $250,000 and $500,000.

CME Group is elevating margin specifications by 22.2% for investing gold futures on the Comex Division of the NY Mercantile Exchange. In exactly the same announcement, CME Group stated additionally, it is hiking margins to get a number of U.S. interest-rate goods, such as 10-year notes, as well as some forex and stock-index futures contracts. The brand new prices will likely be effective following the close of business last Thursday.

For your full 100-ounce gold agreement, the initial margin for new positions will rise to $7,425 for speculators from $6,075. Speculators’ “maintenance” margins for current positions, as well as all hedge positions, will rise to $5,500 from $4,500. Margins will also be increasing for smaller-sized gold contracts. Visit http://silver-dollar-values.net for more silver and gold investing tips.

CME Group stated the margin hikes had been component of the normal evaluation of marketplace volatility to make sure sufficient collateral protection. Margins, or even the collateral traders should place up front to trade extremely leveraged futures contracts, usually rise as price volatility rises.

Futures investors have been speculating recently that margin hikes in gold may be coming since volatility elevated in current investing days. The assortment for your Comex December agreement around the last two business days was $60.80 and $64.80 an ounce. Now is really a fantastic time for you to purchase gold and purchase silver before the prices rise even further. Lock in your profits and gains today. Go to http://www.silver-dollar-values.com for more profitable silver and gold tips.

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