The Bank of International Settlements under Basel-III changed the status of gold as a reserve asset effectively on April 1, 2019. Gold used to be viewed by the banks as a risky asset and classified under “Tier-3”, which meant it was considered risky and could only be carried on ……………………
Will Basel-III Changing Gold’s Status as a Reserve Asset for Banks Change the Future?
The trade of governing has always been monopolized by the most ignorant and the most rascally individuals of mankind.
— Thomas Paine