From July 1, 2025, physical gold will be officially recognised as a Tier-1 High Quality Liquid Asset (HQLA) under Basel III banking regulations.
That means US banks can now treat gold the same as cash or Treasuries when calculating capital reserves. In other words, it will be seen as a zero-risk reserve asset.
This change may sound technical, but the implications are huge.
As central banks ramp up gold buying and the USD faces structural headwinds, gold is quietly reclaiming its place as true money.
