18.01.2013 - Basel III not to have any impact on Gold: Sunshine Profits
The Base III norms may not have any impact on the ongoing bull market as Gold was considered ériskless 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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