It is important to analyze the potential implications of this document. Previous actions of the Basel Committee have had significant impact.
One commentator summarized this pending rule change this way; 'If this new rule is adopted as proposed, gold would shift... by the year 2015... (to) eventually place gold at the heart of global currency and payment systems -- seemingly a shift back towards a gold standard. This action is a strong confirmation that gold's primary trend will likely continue.'
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