Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
sadpandatech
on 21/08/2012, 10:54:07 UTC

I believe this would be the most significant section:

Quote
A. Zero Percent Risk-Weighted Items

The following exposures would receive a zero percent risk weight under the proposal:

Cash;
Gold bullion;
Direct and unconditional claims on the U.S. government, its central bank, or a U.S. government agency;
Exposures unconditionally guaranteed by the U.S. government, its central bank, or a U.S. government agency;
Claims on certain supranational entities (such as the International Monetary Fund) and certain multilateral development banking organizations
Claims on and exposures unconditionally guaranteed by sovereign entities that meet certain criteria (as discussed below).



Is that a change from current policy? Is gold bullion currently an "item" that's considered 0% risk by the FDIC or not? ... If this *is* a change from existing policy, I consider it a significant one.

aye, fairly certain that gold was NOT listed as qualifying as a Zero Percent Risk-Weighted Item before this update.

It will likely do more for the large holder risk assessment sheets than it will for would be buyers though.