Basel III Interesting that I haven't seen one commentary from the financial news outlets how Basel lll has affected the POG. Now banks can use Giold as part of their capital requirement I'm sure it's been behind (to some part) the push for physical bullion.
Add to that BRICS and the lopsided paper issued vs a real ounce of Gold and you have the perfect storm.
Jan Gold finished the week at $2,080.
Jan Silver at $25.60.