In the same category

Brandon White: Canada's bank regulator already considers gold the ultimate asset

IMG Auteur
Published : January 28th, 2018
103 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : GoldWire

Bullion dealer BMG Group's Brandon White reports in his latest edition of "This Week in 3 Minutes" that Canadian banks are already treating monetary gold in their vaults or in trust as a "zero-risk" asset for capital purposes, though gold's "zero-risk" standard is still being implemented gradually on an international basis.

That is, Canada's bank regulator now formally considers gold the ultimate financial asset.

This, White notes, may encourage Canada's financial institutions to hold more real metal.

White's report and his correspondence on the point with Canada's Office of the Superintendent of Financial Institutions are posted at BMG Group's internet site here:

http://bmg-group.com/this-week-in-3-minutes/?...=10cd7e5a2ab...

Data and Statistics for these countries : Canada | Georgia | All
Gold and Silver Prices for these countries : Canada | Georgia | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.