basel iii

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?