MONEY: Gold and silver?

SEC Set to Alter Stance on Money Funds
U.S. securities regulators are preparing to exempt a majority of money-market mutual funds from a central plank of rules intended to curb risks in the $2.6 trillion market, according to people familiar with the agency’s discussions.

The Securities and Exchange Commission is expected to broaden an exemption for mom-and-pop retail investors from requirements that certain money funds abandon their signature $1 share price and float in value like other mutual funds. Supporters of a floating share price argue it would train investors to accept slight fluctuations in the value of their shares and so not panic if they fall below the $1 price.

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What it trains investors is to think about the underlying counter party risk.

Any one want gold and silver? (Like the Chinese?)

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