Basel III: Gold’s Status as Tier 1 Asset Restored + Bank of Japan Monetary Policy, Competitive QE

Patricia Mohr, creator of Scotibank’s Commidity Price Index, talks Bank of Japan, Basel III, Eurozone and FOMC minutes, and what it all means for gold. Beginning with simple forecasts for gold into 2013, Mohr sees a rising US Dollar which puts pressure on gold, but nevertheless looks for gold prices to rise in January, with the focus/driving force being a weakening Euro and ongoing Eurozone worries. Another big development in the currency world was Bank of Japan’s monetary policy review and liquidity inject