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January 1st 2013, in which gold will be reclassified as a tier 1 asset.

 
gebahie

User ID: 25020342
11/09/2012 07:13 AM

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January 1st 2013, in which gold will be reclassified as a tier 1 asset.
Kitco News’ Daniela Cambone has released an interview with Scotia Bank’s VP of Commodities Patricia Mohr on the Basel III regulations going into effect on January 1st 2013, in which gold will be reclassified as a tier 1 asset. As gold regains full status as a financial asset (meaning along with cash and treasuries, gold will be able to be used to meet margin calls), the metal should see substantial new demand from the banking sector.




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