IAUF - European Regulators Equate Gold And Cash But It's A Double Standard

The Bank for International Settlements equates gold and cash from a banking asset risk perspective. European financial regulators treat gold as equivalent to cash within their currency control framework. For all intents and purposes, gold is now being treated as money in Europe as it has for thousands of years, with one big time exception.

The government isn't going to allow the people to use it as a replacement for the Euro, because that would disrupt their rule-making power.

For Banks, Gold is Cash

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Basel regulations now treat gold, held in their