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Author Topic: Big Changes Ahead: Gold Just Became Money Again  (Read 998 times)
24KT
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« on: August 18, 2012, 08:29:22 PM »

Big Changes Ahead: Gold Just Became Money Again
Doug Hornig, Senior Editor

August 17, 2012 10:15am GMT

On June 18, the Federal Reserve and FDIC circulated a letter to banks that proposes to harmonize US regulatory capital rules with Basel III.

BASEL III is an accord that tells a bank how much capital it must hold to safeguard its solvency and overall economic stability.

It's a global standard on bank capital adequacy, stress testing, and market liquidity risk.

Here's the important bit:

At the top of the proposed changes is the new list of "zero-percent risk weighted items," which now includes "gold bullion," right after "cash."

That's the part to take notice of.

If the proposals are approved by regulators – and that seems likely since adoption of Basel III will be– then this is a momentous change for the gold market.

Now banks will be allowed to hold bullion in their vaults and count it among their Tier 1 assets – in other words, the least risky assets.

That by itself would be bullish for the gold price, as banks that recognize gold's unique characteristics seek to stockpile more of it.

But that's not the whole story…

Gold Regains Money Status

For one thing, Basel III also stipulates that a bank's Tier 1 holdings must rise from 4% of assets to 6%.

That means that banks may not only replace a portion of their existing paper with bullion, but may use it to meet some of the extra 2% as well.

In addition, this vote of confidence from the highest monetary authorities gives further impetus to the remonetization of gold.

In essence, what's happening is that from now on gold will be considered "money" in virtually the same way as cash or bonds.

And banks will be given the choice between holding more of their core assets in history's most reliable store of value vs. paper backed by nothing more than the promises of increasingly wasteful governments.

Finally, there is the impact on individual and institutional investors.

Jeff Clark, in Casey Research's BIG GOLD newsletter, has been guiding gold investors for years. In his view, this news looks set to really shake up the gold market, because as regulators and banks increasingly view gold as having safety on a par with the various paper alternatives, it is logical that they will also see the need to beef up their own holdings.

There are a number of positives for gold going forward.

Though it remains speculation on our part, we believe that the net result of Basel III and associated adjustments to US regulations will be an increased recognition of gold's safe-haven status across all markets.

And that translates into higher global demand for the metal next year, and a concomitant increase in its price.

If you haven't done so already, it's time to get informed on gold and begin adding it to your portfolio.
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w
OzmO
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Getbig V
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« Reply #1 on: August 18, 2012, 08:49:56 PM »

Post link please.

thanks.
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tonymctones
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« Reply #2 on: August 18, 2012, 08:54:44 PM »

Post link please.

thanks.
Is your avatar two ppl doing it or an A with 2 dots?
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tu_holmes
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« Reply #3 on: August 18, 2012, 10:22:35 PM »

Is your avatar two ppl doing it or an A with 2 dots?

It's only gay if you want it to be Tony.

Grin
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Hugo Chavez
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« Reply #4 on: August 18, 2012, 10:31:52 PM »

next time post a fucking link jag.  This is BS unless you can prove it.  You're lucky it was just moved here instead of deleted.  You still need to post a link.  If this is garbage from your scam it's gone.
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Hugo Chavez
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« Reply #5 on: August 18, 2012, 10:32:55 PM »

It's only gay if you want it to be Tony.

Grin
LOL.... it looks gay.... No boob dots? hahaha...
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tu_holmes
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« Reply #6 on: August 18, 2012, 10:35:55 PM »

next time post a fucking link.  This is BS unless you can prove it.  You're lucky it was just moved here instead of deleted.  You still need to post a link.  If this is garbage from your scam it's gone.

I found it in exactly 2 places.

http://lewrockwell.com/orig11/hornig5.1.1.html

and

http://www.safehaven.com/article/26565/big-changes-ahead-gold-just-became-money-again

Same article by some dude no one has ever heard of.

Doug Hornig?
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outby43
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« Reply #7 on: August 19, 2012, 12:11:12 AM »

I found it in exactly 2 places.

http://lewrockwell.com/orig11/hornig5.1.1.html

and

http://www.safehaven.com/article/26565/big-changes-ahead-gold-just-became-money-again

Same article by some dude no one has ever heard of.

Doug Hornig?

Here is a Doug Hornig...might be him.

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Internet Tough Guy
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« Reply #8 on: August 19, 2012, 04:12:40 AM »

This makes me wish she would go back to selling those magic gas pills.

I wonder what her gimmick handle is for the other boards she logs into where she sells Amway and Monovie.  

These pyramid scammers should all be shot.  (cue for "What Is A Pyramid Scheme?" article she posts from time to time plus a bunch of stupid emoticons)
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OzmO
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Take Money Out of Politics!


« Reply #9 on: August 19, 2012, 09:25:28 AM »

Is your avatar two ppl doing it or an A with 2 dots?

Don't tell me you just noticed that  Grin

And yeah tu, the lower dot is a woman lol
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tonymctones
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« Reply #10 on: August 19, 2012, 06:36:48 PM »

Don't tell me you just noticed that  Grin

And yeah tu, the lower dot is a woman lol
LOL yea i did, I always thought it was just two ppl doing it hahahaha

I looked at it for a second and saw the A and was like "hmmm look at that"
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24KT
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« Reply #11 on: August 23, 2012, 12:41:31 PM »

Post link please.

thanks.


Ooops, sorry OzmO, here is the link.

http://www.caseyresearch.com/articles/big-changes-ahead-gold-just-became-money-again

Of course, ...some of us knew that GOLD has ALWAYS been money, ...for the past 6000 years.
It's simply that in 2.5 generations, everyone forgets. Gold has always been money, ...and always will be.
those crooks called bankers have for the past 100 years been convincing the vast majority of people that paper was the real thing. Some of us know better.
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w
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« Reply #12 on: August 23, 2012, 02:24:41 PM »

Some of us know better.

 Roll Eyes
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