I have been hearing about basel 3 which is happening end of March.
The adventure du jour generating buzz is the March 29, 2019 start date for the Bank for International Settlements’ “Basel 3” rules.
Under these rules, central banks can count their gold holdings, marked to market, as equivalent to cash. I agree that this is significant, and bullish for gold.
I subscribe to a few financial newsletters and there is a dramatic shift recently to gold and SDR.
thank you freedomshift, what i think is happening is Tier 1 being the least risky asset, meaning the banks would want to hold more of it causing higher demand for gold