Despite arguments and claims to the contrary from The Atlantic's Weismann, This report by the Economicpolicyjournal.com (one the best blogs on the web in my opinion), states that there is memo from the Fed floating around to banks suggesting that gold be included as Tier 1 capital under the new Basel III requirements. If this is true and comes to pass, this would be a seismic shift in banking, and would likely be the beginning of placing precious metals back in the realm of currencies. However, you have to wonder why the banks (and the governments for that matter) would want to make gold currency once again?
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