“The range of opinions on the matter extend from no effect on one side, to absolute mayhem on the other, peppered…with a ‘believe it when I see it’ attitude.”

Source: Basel III Regulations Finally Kick In: What This Means For Gold | ZeroHedge

KW: Looking at the gold price you wouldn’t know the reality has altered one iota, it continues to languish below $1800/onz as the bullion banks unload their now expenive short positions in the market to avoid having to comply with the new rules. Time will tell if there is some relief for those holding physical gold.