Thursday 28 June 2012

Gold as Tier 1 Asset - You read it here first

Well actually you'd have read it at FT Alphaville, reporting on gold's consideration for Tier 1 Asset status, held as collateral at 100% of value, discussed here
http://juniorgoldminerseeker.blogspot.co.uk/2012/05/gold-as-good-collateral-dark-inventory.html

This story has been picked up a lot more since, for example
http://moneymorning.com/2012/06/27/while-banks-crumble-next-leg-up-for-gold-prices-draws-near/

The US FDIC is considering the BIS proposals
http://www.fdic.gov/news/news/financial/2012/fil12027.html

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