Today, two different news items about Gold got my attention:
- US Republicans consider to set up a commission to examine a return to a gold standard.
Republicans eye a return to gold standard
- Basel III will count Gold as a Tier 1 asset, meaning it as good as liquidity. Until now, it was treated as Tier III asset, meaning it would account only for 50 % of its market value when it comes to equity requirements.
What does Basel III do for Gold
Gold is at 1.664 USD/ounze today - which corresponds to 1.331 EUR/oz.
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