If gold…were judged in an impartial monetary court, the jury would unhesitatingly declare that the precious metal is a superior form of money. The proponents of fiat currency (paper money without any equivalent) would lose both the legal battle and the theoretical argument, while the defenders of “sound money” would present overwhelming evidence and irrefutable …
Tag: Basel III
Gold became real money again on July 1st.
As of July 1, 2025, gold is officially classified as a Tier 1, high-quality liquid asset (HQLA) under Basel III regulations – This means that U.S. banks can count physical gold at 100% of its market value as part of their core capital reserves. For decades, many have rightly argued that gold is not just …