Proposed Banking Regulations Would Drive Gold Prices Higher
by George Washington
ZeroHedge.com
06/26/2012
There are many, many, many, many reasons why gold prices should go higher, despite claims that gold is in a bubble … and despite the fact that gold prices may be manipulated.
A giant new reason may be heading our way …
Specifically, the central banks’ central bank – the Bank of International Settlements (BIS) – is considering reclassifying gold as risk-free assets as part of the Basel III framework.
As BIS notes in its progress report on Basel III implementation:
At national discretion, gold bullion held in own vaults or on an allocated basis to the extent backed by bullion liabilities can be treated as cash and therefore risk-weighted at 0%.
The Rest…HERE