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<p>[QUOTE=&quot;Juan Blanco, post: 1598144, member: 41665&quot;]I think InfleXion has alluded to this; I haven&#039;t seen it discussed here before. Obviously the world didn&#039;t end yesterday... but SOMETHING <i>is </i>changing very soon. :smile</p><p><b><br /></b></p><p><b>With the implementation of Basel III, Gold becomes a Tier I banking asset for the first time in 42 years. </b>In the new global financial framework (effective in about two weeks) Gold has both a currency and commodity component. The naysayer Paper-Bug, braying loudly all these years NOT MONEY! NOT MONEY! have been soundly defeated. Gold is no longer theoretically/debatably &quot;an alternative monetary asset&quot; - Gold now is fully recognized as a <i>reserve asset, </i>like Greenbacks.</p><p><br /></p><p><a href="http://seekingalpha.com/article/1016161-basel-iii-and-gold" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://seekingalpha.com/article/1016161-basel-iii-and-gold" rel="nofollow">http://seekingalpha.com/article/1016161-basel-iii-and-gold</a></p><p><br /></p><p><br /></p><p>The argument this very significant change will drive up demand and push POG much higher (as Paper debases ever farther down, down) is worth examination:</p><p><a href="http://seekingalpha.com/article/1060301-the-price-of-gold-is-headed-much-higher-here-s-why" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://seekingalpha.com/article/1060301-the-price-of-gold-is-headed-much-higher-here-s-why" rel="nofollow">http://seekingalpha.com/article/1060301-the-price-of-gold-is-headed-much-higher-here-s-why</a></p><p><br /></p><p><br /></p><p><br /></p><p>Gold isn&#039;t &quot;money&quot; - it&#039;s POWERCASH.</p><p>Got Gold?[/QUOTE]</p><p><br /></p>

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