A much more interesting topic and one more worthy of discussion is the implications of EEC adopting BASEL III NSFR on 28th June.
Given that the vast majority of OTC gold contracts seem to be done between London and Europe, the LBMA seems pretty miffed at the prospect. http://www.lbma.org.uk/lbma_media_centre/net-stable-funding-ratio-update
I’d be interested to hear what thoughts peeps have on this, which seems to have fairly hefty implications for the unallocated gold market. TIA