Coming Basel 3 Gold Regulations Changed
In my May 20 and May 27 columns (archived at www.numismaticnews.net/coin-market/will-basel-3-boostgold-and-silver-prices and www.numismaticnews.net/coin-market/why-basel-3-accords-may-not-boost-goldsilver-prices), I described how the forthcoming Basel 3 regulations might impose major changes in the trading of gold held in unallocated storage.
These new regulations took effect for non-British European banks at the end of June. They were to take effect at British banks at the beginning of 2022, and for all other banks worldwide at the beginning of 2023.
Under these regulations, major banks would have to beef up their “net stable funding ratios” to cover 85 percent of the gold stored for customers in
