Topic: High Quality Liquid Asset

1 chapters across the catalog

The BRICS nations are amassing thousands of tons of gold to facilitate de-dollarization and establish a new global payment system. Under the Basel III accords, gold is now considered a "Tier One" asset, and there are moves to make it a "High Quality Liquid Asset" (HQLA) for use in the repo market. This shift allows nations to use gold for international payments, bypassing the US dollar and creating unprecedented demand for physical bullion.