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AAAU - Basel III: A Gift For Physical Gold Investors
Goldman Sachs Physical Gold ETF
Basel III agreement will come into force on June 28, 2021 for European banks and on January 1, 2022 for British banks.
It includes the Net Stable Funding Ratio (NSFR) requirement. It will make holding unallocated gold problematic. But the NSFR requirement is bullish for allocated gold.
According to the Basel III framework, gold will become a zero-risk asset.
Overall, Basel III will be great for physical gold.