Very interesting intel Just R and dovetailed with Au now being classified as a tier 1 asset, along with cash (established by Basel 111 in 2021), this will now be introduced on 01/06/22 in the US. In concert thereto, 80% of all Au held by the F/Institutions will need to be held in physical Au. This is already in force in the UK (on 01/01/22).
Let's see if the Swiss International Settlements Bank can alleviate the massive arbitrage on paper Au (i.e. ~100 to 1 physical). SO...perhaps a conjunction is about to occur!!
This is from memory and I stand to be corrected on any aspect.
KWR Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
