What’s the real implication of the Basel III reclassification of gold to a Tier I asset? Keith explains…

Keith Weiner interviewed by SBTV

SBTV speaks with Keith Weiner, CEO of Monetary Metals, at The Safe House gold & silver vault in Singapore about the real impact of the Basel III reclassification of gold as a Tier 1 asset. Find out why it is not good for gold.

Discussed in this interview:
02:58 Is gold an outdated asset for our modern times?
03:49 Gold is a ‘risk free’ asset.
04:41 Basel III and its impact on gold
10:49 You cannot inventory gold.
12:38 Crime of ’33 – Roosevelt’s expropriation of gold
20:11 Outlawing gold allowed Treasury bonds to become risk free assets
26:37 Quandary of the Federal Reserve Notes & Treasury Bonds
27:54 Benefits of a Gold Standard vs fiat currency system
32:51 If gold price hits $10000…

---