Gold just became money again!! NOT A JOKE

[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

[Copper Catcher]

Yep, See: viewtopic.php?f=17&t=16882

[everything]

Research Dinar/Dirham, got a friend working on getting me one as we speak.

[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.

[Treetop]

seems to me this is the first major step of many steps away from the dollar as the reserve currency.