Gold Could be Classified as Risk Free Asset by Bank RegulatorsGuest Post
BREAKING NEWS: REGULATORS TO CLASSIFY GOLD AS ZERO-RISK ASSET
In what might be the most underreported financial story of the year, US banking regulators recently circulated a memorandum for comment, including proposed adjustments to current regulatory capital risk-weightings for various assets. For the first time, unencumbered gold bullion is to be classified as zero risk, in line with dollar cash, US Treasuries and other explicitly government-guaranteed assets. If implemented, this will . . .
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