GFP Note: We have recently posted articles about both gold market manipulation and the fact that central governments have been buying up tons of gold. (Thanks Rain!)
Off The Grid News
August 21, 2012, by Mike
This summer, a quiet change was made to the accounting rules for gold in bank vaults. It made headlines almost nowhere, but it has the potential to dramatically change how gold is viewed relative to cash in the broader economy. For informed and prepared minds, it’s also the chance to stock up up on gold at an attractive price before the mainstream masses really process the change.
Basically, for banks, gold is now 100 percent money. How is that different than it was before? Previously, banks could only count gold as 50 percent money.
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