Bail-ins are likely to happen at banks that are close to failure in countries that have adopted the FSB bail-in conventions and or do not have financial resources to bail-out their banks. Thus, deposits in failing banks in G20 nations may be subject to bail-ins.
The McKinsey Global Institute recently reported on the effects of Quantitative Easing or QE on the UK economy or to be more precise the net transfer of £110 billion from UK households to the UK government.
The dollar gold price hovered just below $1,610 an ounce Thursday morning, while stocks and commodities fell along with the euro as disappointing economic data was added to news that Cyprus's banks will remain closed until next Tuesday.
Gold prices failed to recover yesterday's lost ground Tuesday morning as stocks and commodities eased higher, following news of a fresh nuclear test in North Korea and denials from policymakers that a currency war is taking place among major economies.
The BIS and BCBS are two regulatory bodies play a considerably important role in the development of international banking supervisory standards. And, as it happens, they also put forward propositions on how gold is to be seen by the banks.
The yellow metal is increasingly valued as a reserve asset, which will tend to push the price up, independently of all other factors. Due to new regulations, you may also have to bid in the future alongside financial institutions, including several banks, to acquire it.