Sunday
The following is an excellent compilation from Monetary Metals that has everything to understand what Basel III is and how it is likely to affect Gold.
July 8, 2021 by Dickson Buchanan
Welcome to the Basel III and Gold Resource Center! This page is for gold investors who want to understand the impact of Basel III regulations on gold. Monetary Metals has been covering Basel III since 2019. You’ll find all our videos and articles on Basel III and gold here. If you have a question we don’t answer, let us know in the comments section!
What is Basel III?
Born out of the global financial crisis, Basel III is an international regulatory accord intended to mitigate risk within the banking system and make banks more resilient to financial stress, thereby preventing system-wide failure. Key requirements cover leverage ratios and reserve capital (Source: Investopedia). The stated purpose of Basel III regulation is to prevent the repeat of another global financial crisis event.
Originally written in 2009, over 28 central banks participated in drafting the regulation. It has been repeatedly delayed and is now set to go into effect on January 1, 2022.
What does Basel III have to do with Gold?
Read and watch it all HERE