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Brandon White: Canada's bank regulator already considers gold the ultimate asset
4:38p ET Saturday, January 27, 2018
Dear Friend of GATA and Gold:
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/?inf_contact_key=10cd7e5a2ab...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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