FDIC to Classify Gold as a Zero Percent Risk-Weighted Asset?
GoldSilver.com / WealthCycles.com
JUNE 26, 2012
This past Wednesday, June 18, 2012 the FDIC ( Federal Deposit Insurance Corporation, USA ) proposed rule changes to categorize gold as a Zero Percent Risk-Weighted Asset.
This is significantly bullish for gold in the long term as this potential systemic change could drive gold demand and gold prices much higher.
In light of the global financial downturn, cash and bonds have begun to lose their luster as global financial regulators have begun to recognize the implied risks behind paper assets.
In a world characterized by central bank printing binges and rampant government spending, banking regulators are quietly being forced to recognize one of the only remaining counter-party risk free assets: Gold.
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