Gold Goes Full Reserve Asset As Basel III Elevates It To Tier 1 Status

By Forbes   |   1 month ago
Gold Goes Full Reserve Asset As Basel III Elevates It To Tier 1 Status

Forbes contributors provide expert analyses. Gold is now classified as a Tier 1 asset under Basel III, signaling its importance. Central banks are increasing gold reserves due to economic uncertainties. Investors are advised to include gold in their portfolios, alongside mining stocks.

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