The Basel 3 start of March will be interesting to watch, will it mean that the gold which banks have can now allow more assets on the books so more debt issued/wiped out or catch them with their pants down with paper gold holdings now having to be identified as not an asset instrument? Either gold price will need to go up as the banks start buying to cover their loan books or that it changes the gold price as being a higher rated asset against the banks local currency. I'm super interested to see if it has any effect on the price of gold.
My take on the drop in gold price this month is probably in relation to the 10year USA treasury going to 1.30, this same thing happen, gold price drop when it went from 0.9 to over 1 at the start of the year.
The Basel 3 start of March will be interesting to watch, will it...
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