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Basel III not to have any impact on Gold: Sunshine Profits

Posted on 18 January 2013

The Base III norms may not have any impact on the ongoing bull market as Gold was considered ‚riskless asset, according to Przemyslaw Radomski, CFA Founder, Editor-in-chiefl of Sunshine Profits.
The Basel III recomendations have categorised assets in to Tier 1 and Tier 2 abolishing the tier 3 introduced in Base II recomendations. Under these recommendations gold remained eligible collateral with a haircut of 15% just as it was under Basel II………………………………………..Full Article: Source


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