Basel III Gold becomes money and a tier 1 bank asset., page-4

Morning,

That's a poorly constructed article.

I agree data shows that central banks bought a lot of gold in resent times compared to history but what does that have to do with Basell rules? They aren't subject to them. The FED or ECB isn't concerned by Basell 3, it can do whatever it wants

Moreover Basel 2 came out in 2004, gold was included then , its classification depended on how it was held, Tier 1 or Capital 3...………...lots of things in all the categories get haircuts .. first time since 1978?, that a strange claim considering when basell 2 was released in 2004

Basell 3 rules came along in 2013...…………...It did away with some classifications, gold again is teir one asset, everyone has known the rules for years.....im not sure why they suddenly think these long known rules will suddenly affect gold price.

8 days out from official Brexit deadline, which is now 22 ND may after extension granted ,,,,,,,how is this deadline with known basell 3 rules why is this going to affect gold price?

Moreover how is this going to affect ancn or a gold miner,,,,its not like owning a share in
NCM is considered Tier 1 under basell 3