GOLD 0.51% $1,391.7 gold futures

basel iii

  1. 681 Posts.
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    Had never heard of this recently, but someone has bought it to my attention last few days.


    Have been doing a bit of research, and to me this seems this could have massive consequances with regards to the price of gold.


    It appears this is going to see a return to a new gold standard. Might have misread a little, but it appears basically banks will need to hold a certain % of their assets in safer assets, which is basically gold.

    This would see a much greater demand for gold, not just the consumer demand it has now.

    What do others read into this?
 
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