The Basel III agreement will have a major impact on the European banks and also on the UK banks. The Net Stable Funding Ratio requirement will make it difficult for banks and other institutions to keep unallocated gold. So, one of the likely solutions will be to allocate gold. The very fact gold will become a risk-free asset is highly bullish. It will make central banks and other investors raise their gold reserves. All this is highly advantageous for investors holding physical gold.
Gold Long (Buy)
Enter at: 1913.46