Had never heard of this recently, but someone has bought it to...

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?