Author Topic: Zero risk weight to be applied to gold bullion held in the banking organization  (Read 1223 times)

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Offline exchange

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"On 4th June the Federal Reserve, OCC (Office of the Comptroller of the Currency) and FDIC (Federal Deposit Insurance Corporation) collectively circulated a memo asking for comment on their proposed changes to the regulatory capital risk-weighting framework. Section 11, 'Other Assets', specifies that a "zero risk weight" is to be applied to "gold bullion held in the banking organization's own vaults, or held in another depository institution's vaults on an allocated basis....."


http://seekingalpha.com/article/684871-zero-risk-gold?source=google_news


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tamo42

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I saw this story over on ZeroHedge. The re-monetization of gold is on its way.

Dragons_Are_Silly

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" or held in another depository institution's vaults on an allocated basis....."


Hee hee hee - same gold, held in many names, over an over.  It just be a wash