Today we will look at the Basel III regulatory framework and the talk that gold will become a Tier 1 assets under this framework. We will also touch upon the SDR or the Special Drawing Rights.
Our conclusion is that this Basel II and gold as a Tier 1 asset has been hyped for over two years by the same people and that we should not get too bogged down in this matter.
One of my videos about Basel III back in 2019: The Truth About Gold, Basel 3 and March 29th.:
SDR as Global Reserve Currency Would Be Even Worse Than Petrodollar.:
Currencies Today Are "IOU Nothings": https://www.aier.org/research/currencies-today-are-iou-nothings/
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If my memory works correctly I think you once said that making gold as Tier 1 asset has already declared by B.I.S at the end of 2018.
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