Basel III: A Gift For Physical Gold Investors
Summary
- Basel III agreement will come into force on June 28, 2021 for European banks and on January 1, 2022 for British banks.
- It includes the Net Stable Funding Ratio (NSFR) requirement. It will make holding unallocated gold problematic. But the NSFR requirement is bullish for allocated gold.
- According to the Basel III framework, gold will become a zero-risk asset.
- Overall, Basel III will be great for physical gold.
