Basel III und Gold
wer kennt sich aus ?? stimmt diese Meldung von Energy & Capital:
"Zero-Risk" Gold The biggest catalyst for gold is a massive reevaluation by the Basel Committee of Bank Supervision. BCBS sets the international rules for banks. They have reacted to the 2008 debt crisis by changing the game for collateral. The new rules mean Tier 1 collateral, or assets, will have to rise from 2% to 7% of loans. This means the banks will have to hold more money — or lend less.
It All Began... After the gold crash in the 1980s, the Basel Committee rated gold as a "risky" asset, and government bonds and real estate as "zero-risk." Over the course of time, things changed: Real estate has crashed; sovereign bonds in many places like Greece and Spain are junk. So now the committee is trying to correct that mistake by rerating gold as a Tier 1 asset, or "zero-risk" collateral — the same as sovereign bonds. Gold As Collateral Currently, gold is rated as a Tier 3 (or third-class) asset. This means banks can only carry 50% of its market value as capital. Needless to say, this inhibits the desire for banks to hold gold. The more Tier 1 (or first-class) assets a bank has, the more money it can lend.
But the Basel Committee is turning gold into a Tier 1 asset so it can be carried at 100% of its value. This would double the value banks place on gold — almost overnight. And as I've noted above, it's already happening...