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

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

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Chris Powell

GATA

Published : January 28th, 2018

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FOLLOW : Bank Banks Canada Canadian Financial Georgia Gold Metal Monetary Monetary Gold Report Standard

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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

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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.

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