gold, page-49482

Hi

I’m not sure your understanding

“ Convenient that post GFC gold was upgraded to tier 1 and Basel iii was developed”

Gold Was tier on In 2004 under basel2 or capital 3 depending how it was held- well before gfc


All Basel 3 just did was do away with categorizing things as capital 1.2.3 etc

It hasn’t been upgraded in basel3- that’s bs

The entire idea that there is a change to gold status under basel3 is bs, This apparent upgrade which is 100 percent false as it was available
To be called tier 1 in 2004 depending on the form it was held was promoted a couple
Of weeks ago as a reason to buy gold as it
Fell below1300

Have whatever thesis you
Like, but if buying gold is right now based in any part On the idea that basel3 upgraded gold To tier 1, when it was already possible
To consider gold as tier one in 2004 under basel2

It’s flawed