Gold to Be Reclassified in the U.S. as a Tier 1 Asset
According to Michael Lombardi, lead contributor to Profit Confidential, the Bank of International Settlements (BIS) is proposing to reclassify gold bullion as the safest and the highest quality asset for central banks and all other banks around the world: Tier 1 capital.
In the article “Gold to Be Reclassified in the U.S.,” Lombardi says that