Gold to Be Reclassified in the U.S. ????

[littlemissmartypants]

Currently in the U.S. and in many parts of the world, gold bullion is classified as a risk asset on which banks are allowed a 50% weighting. This means that for every $1.00 of gold bullion held, $0.50 worth is recognized as value on the books of the banks or central banks. The whole $1.00 is not recognized, because there is a risk, according to the classification, that gold bullion could lose its value rapidly.

Again, these are classifications created by central banks and have no bearing on the true value that the market will place on gold bullion.

Still, it is significant that the U.S. is proposing to reclassify gold bullion as a zero-risk asset, as early as January 1, 2013. This means that gold bullion will join the very short list of assets considered zero-risk by the Federal Reserve: U.S. Treasuries; the U.S. dollar; and assets and/or claims with the International Monetary Fund.

http://www.profitconfidential.com/gold-investments/gold-to-be-reclassified-in-the-u-s/

[Tutonic]

1. Wouldn't it increase the value of one's portfolio for lending purposes?

Impact on dollar?

[Poll_Blind]

2. That's not good news for the dollar. nt

PB

[SCliberal091294]

3. this article was posted in june...nt

Gold recently has gone where the market goes

[TreasonousBastard]

4. Since that was "proposed" to start yesterday...

has it indeed started?