Nice!
Following the 2008 global financial crisis, global banking regulators began to implement a series of banking laws (referred to as ‘Basel 3’) designed to strengthen the regulation, supervision and risk management of the banking industry.
From January 1, 2022, these changes are set to dramatically lower the use of leverage in precious metal related financial products (futures and options) including gold. Banks holding ‘unallocated’ gold and precious metal financial contracts must now allocate 70% more collateral for unallocated and leveraged bullion positions versus 2021 requirements.
https://holon.investments/will-the-glitter-return-to-gold-value-in-2022/
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