Screenshot from Blockworks video
Basel III was changed to raise Physical Gold status higher as of June 2021.
- Basel III is a framework that sets international standards for Bank Capital adequacy, stress testing and liquidity requirements.
- Basel III raised Physical Gold to Tier One Capital. Tier One items are considered the same as Cash. Prior to June of 2021, Physical gold was considered Tier Three.
Link to Basel III at Investopedia
Currently precious metals and precious metal miners are in a corrective stage.
LOTM remains positive on physical precious metals and their miners at this time. The miners are historically cheap based on 1)company cash flows and 2) relationship of miner’s stock valuation to the price of the physical metals they mine.
Written April 26, 2022, by Tom Linzmeier
LOTM Research & Consulting Service
* An account related to LOTM holds a position in this security.
Neither LOTM nor Tom Linzmeier is a Registered Investment Advisor.
Please refer to our web site for full disclosure at www.LivingOffTheMarket.com ZTA Capital Group, Inc.
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