Gold just became money again!! NOT A JOKE
Posted:
Tue Aug 21, 2012 7:41 amby fb101
At the top of the proposed changes is the new list of “zero-percent risk weighted items,”
which now includes “gold bullion,” right after “cash.”http://www.ino.com/blog/2012/08/big-cha ... ney-again/I see it as a "preparatory action" for future dollar weakness, IE: QE3
Re: Gold just became money again!! NOT A JOKE
Posted:
Tue Aug 21, 2012 9:04 pmby everything
Research Dinar/Dirham, got a friend working on getting me one as we speak.
Re: Gold just became money again!! NOT A JOKE
Posted:
Tue Aug 21, 2012 10:16 pmby rexmerdinus
I like this. Then again, I kinda don't like this. I'm not educated enough in the field to speak intelligently about this, but something about it just doesn't feel right. Anyone else get that?
I mean, all of us on here generally agree that PM's are not a bubble, but what if next year gold behaves as if it is and tanks? A dozen years ago, everyone knew beyond a shadow of a doubt that mortgage backed securities and credit default swaps were safe and secure. Are we really sure that gold is a "zero-percent risk weighted item?" Not really, unless its value is actually tied to the dollar, which of course would just be fiat.
Maybe this is a necessary small step, but something about it just doesn't feel right to me.
Re: Gold just became money again!! NOT A JOKE
Posted:
Tue Aug 21, 2012 11:07 pmby Treetop
seems to me this is the first major step of many steps away from the dollar as the reserve currency.