Fed/Gold headlines reserve status change 6/29/12

[Errosion Of Accord]

According to the draft documents released, when gold is currently held as an asset, it is risk weighted at 15% – that is, a 15% haircut is taken on its current value for capital adequacy calculations. (See page 86 of the attached Federal Reserve document.)

However, in this same document, they are proposing that there be no (zero) discount.

That would then put gold on the same basis as cash.

http://stratrisks.com/geostrat/6709

and another here.

http://www.blacklistednews.com/Gold_Bug_Game_Changer%3A_US_Treasury%2C_FDIC_And_F ederal_Reserve_Mulling_New_Gold_Regulation/20283/0/38/38/Y/M.html