FDIC Rule Will Return Gold To The Center Of The Banking Universe

AdamA · Post by **AdamA** » Sat Jun 23, 2012 7:40 pm

I don't really understand this requirement.

All of the other assets are basically close-to-cash assets. Why would the FDIC view an asset as volatile as gold as a safe asset?

Ad Orientem · Post by **Ad Orientem** » Sun Jun 24, 2012 2:57 pm

This is significant.

smurff · Post by **smurff** » Sun Jun 24, 2012 8:35 pm

Nice how they slipped gold back into American banking as a respectable equal. Through the backdoor, of course.

atrchi · Post by **atrchi** » Thu Jun 28, 2012 10:29 pm

Clever. So next time the Fed wants to rescue a failed TBTF, all they have to do is buy gold in the open market until the bank is solvent.

Lone Wolf · Post by **Lone Wolf** » Fri Jun 29, 2012 3:32 pm

atrchi wrote: Clever. So next time the Fed wants to rescue a failed TBTF, all they have to do is buy gold in the open market until the bank is solvent.

Very astute observation. While I've no idea whether the Fed would exercise this option, it's very interesting to see that it's there.

It always makes me slightly nervous when the government gets any reason to take an interest in the price of gold, though!

moda0306 · Post by **moda0306** » Sat Jun 30, 2012 9:31 pm

LW,

I agree. I'd almost have it float completely irrestpective of government tomfoolery (and, preferably, taxation).

FDIC Rule Will Return Gold To The Center Of The Banking Universe

FDIC Rule Will Return Gold To The Center Of The Banking Universe

Re: FDIC Rule Will Return Gold To The Center Of The Banking Universe

Re: FDIC Rule Will Return Gold To The Center Of The Banking Universe

Re: FDIC Rule Will Return Gold To The Center Of The Banking Universe

Re: FDIC Rule Will Return Gold To The Center Of The Banking Universe

Re: FDIC Rule Will Return Gold To The Center Of The Banking Universe

Re: FDIC Rule Will Return Gold To The Center Of The Banking Universe