We have looked deeper into the Basel III rules and all the talk of Tier 1 "asset" and have come to the conclusion that the term Tier 1 or 2 is only used when referred to a banks capital and not its assets.
So gold like any other asset under Basel III is not a Tier 1 or 2 asset but Risk-Weighted Assets or RWAs.
Finalising Basel II In brief: https://www.bis.org/bcbs/publ/d424_inbrief.pdf
Basel III: Finalising post-crisis reforms: https://www.bis.org/bcbs/publ/d424.pdf
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March 22, 2021... 11.4 Hollywood Time...
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The inevitability of embracing #iso20022 assets in one's portfolio becomes apparent, crucial for evading reliance on #cbdc, which exercises undue control. The anticipation of #blackswans emerging beyond 2024 amuses me, blamed conveniently on wars orchestrated by persistently re-elected Western officials, despite their base's apparent opposition. Curious, isn't it? Could this be a rigged system? Perhaps it's time to implement a cryptographic voting system, relegating these outdated leaders to the discard pile they rightfully belong in.
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