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29 March BIS returns to the GOLD STANDARD
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Ostria1 |
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Just two days away As the Italian financial newspaper Il Sole 24 Ore recently reported, the world's central banks will introduce a kind of gold standard at the end of March 2019. According to a decision by the Bank for International Settlements (BIS), gold in bank balance sheets will soon become a "cash equivalent", ie a liquidity-equivalent asset and thus "risk-free". With this, the yellow metal could face a sustainable revaluation in the future. [ link to www.deraktionaer.de] The new Basel rules make physical Gold a Tier-1, riskless asset starting the end of March. The impact will be realized on big bank balance sheets. For years, a ban has been in place on Gold as a reserve asset. No more!! Combined with the substantial accumulation by central banks in gold reserves over the last 12-18 months, the signal is clear. [ link to www.marketoracle.co.uk]
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