Ooops, Gold is now a tier 1 asset by FDIC

[Large Sarge]

http://www.tdvgoldentrader.com/blog/2012/6/20/gold-becomes-a-tier-1-asset-class-for-banks.html

[Serpo]

I guess they are preparing when nothing in tier 1 class will have any value except gold............dosnt make them look as stupid as they really are................

[StreetsOfGold]

shocking

[Large Sarge]

I think this is a big one, HUGE new buyers, and my guess is that the "secret buyers" from the east (Jim Willie and sinclair have referred tot hem), well, they come out of the closet now.

To me this is the equivalent of finding out there is no santa clause, all secrets/discretion are gone.

the great gold grab has begun

[Sparky]

Pardon my French, but articles like this drive me up a fukking wall.

The headline is a lie. Gold is not a Tier 1 asset. The entire article talks about proposals to make it a Tier 1 asset. If and when that happens, it will be huge news. A that point you are allowed to write a fukking headline saying that Gold is a Tier 1 asset.

Until such time, you're not. We're seeking the truth here, right? This guy puts out a headline that's a lie. Dismiss him.

[Horn]

Pardon my French, but articles like this drive me up a fukking wall.

I was about to say Silver would then be Tier 1+1

[Sparky]

I was about to say Silver would then be Tier 1+1
It's like seeing a headline saying "Silver Hits $100", and then reading about why silver should be $100. Sigh.

[Horn]

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What's the deal with you artbar?

You think I don't notice you playing with me, or something?