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Brandon White: Gold is getting top bank asset status in Canada
7:43p ET Friday, January 12, 2018
Dear Friend of GATA and Gold:
In his weekly "This Week in 3 Minutes" commentary, Bullion Management Group's Brandon White reports that Canada's banking supervisor, the Office of the Superintendent of Financial Institutions, says that the "Basel III" rules for banking stability will be fully applied to Canadian banks by 2019 and give gold bullion the highest status as a risk-free asset. This, White suggests, may encourage purchases of gold as the everything bubble pops. White's commentary can be viewed at BMG's internet site here:
http://bmg-group.com/this-week-in-3-minutes/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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