Australia's largest stock trading and investment forum Australia's #1 stock forum

GOLD

Click for more information

0.51%

$1,391.7 gold futures

gold, page-48715

First 48715 Last

Share
Profile

Follow
Skol

33,214 Posts.

1406

01/03/19

13:59

Post #: 37621240
Share

Originally posted by Shikari: ↑

Canada’s top financial regulator, the Office of the Superintendent of Financial Institutions (OSFI), confirmed early last year that 2019 will be the first full calendar year that the Basel III rules will be enforced. Gold held in an institution’s vault(s), or held in trust (i.e., monetary gold) now qualifies as “a 0% risk weighting for risk-based capital purposes.” The Bank for International Settlements has posted these reforms on its website. Canadian banks are now free to add monetary gold to their increased reserve positions, and to treat it in the same as they would cash or AAA-rated government bonds. On January 31 of this year, the World Gold Council revealed that global central banks, in response to the Basel III rule changes and growing political and market uncertainty, added 651 metric tonnes of gold to their reserves in 2018.

Expand

The only global central banks that added gold in 2018 were dictatorships. Why do you think that is?
1 Upvote

0 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be gamechanging

HAS

Yangibana 33% complete says Hastings, as it provides clarification on funding

RCE

Recce scores $6.75M R&D rebate

RSG

HotCopper reacts as Resolute Mining told to pay US$160M if it wants its CEO back

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 81,360 more messages in this thread...

First 48715 Last

Add GOLD (COMEX) to my watchlist