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Message:: [QUOTE="Juan Blanco, post: 1600061, member: 41665"]As others have noted : lacking here is proof or statements that private banks are accumulating gold as Tier  1 Capital.  It does seem rather likely to happen in the future, however. "The  new Basel III banking rules will increase the amount of reserves banks  are required to hold. Banks will now be required to hold 6% reserves of  Tier I capital, up from 4%. Finding new high quality reserves in today's  economy is difficult, which is likely to lead banks to use gold."<a href="http://www.republiccapitalgroup.com/basel.aspx" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.republiccapitalgroup.com/basel.aspx" rel="nofollow">http://www.republiccapitalgroup.com/basel.aspx</a> Via Russ Winter, Eric Sprott's comment sounds most informed, where this leads:"It  is also interesting to note that China, of all countries, has been  adamant that its 16 largest banks will meet the Basel III deadline on  January 1, 2013. We can’t help but wonder if there is any connection  between that effort and China’s recent increase in physical gold  imports. Could China be positioning itself for the day Western banks  finally realize they’d prefer gold over Treasuries?"[/QUOTE]