"FOX Business, Bloomberg & CNBC haven't mentioned a huge change...

"FOX Business, Bloomberg & CNBC haven't mentioned a huge change in the accounting of gold for banks by the end of this month but it's a very big deal! Gold will become a Tier 1 asset valued at 100% for banks. That means that gold will be counted as a much more valuable asset held by banks against which they can make more loans. Finally, there may be a reason for banks to desire higher rather than lower gold prices. Might Basel III along with endless QE start the next gold price explosion?" DYOR