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01
Gold Considered a Risk-less Asset Class by BIS
In 2019, the Bank of International Settlements (BIS) located in Davos Switzerland and is the Head of all central banks worldwide elevated gold from a tier 3 asset class to a tier 1 asset class. Gold joined the US Dollar as the only other tier 1 asset class. A tier 1 asset class is considered by the BIS as the only risk-less asset class in the world. This was the first time that an asset class other than the US Dollar was rated as risk-less making one wonder if the rumours of the demise of the US Dollar is forthcoming to be replaced with Gold.
02
The Central Banks Buying Gold in Record Amounts
Since 2019, when Gold was
elevated from tier 3 to tier 1, Central Banks across the world have been buying record amounts of gold each year, while at the same time depleting their ownership of US Dollars.
03
Diversification
Gold and Silver are a separate asset class from the traditional assets of cash, bonds, stocks and real estate.
04
Tangible Asset
By owning the physical bullion you own it and as such it has inherent value, it is actual real “money” whereas paper money is simply “currency” and while having similar characteristics as gold it has no store of value (no inherent value-not real money). You want something you can hold in your hand and know it’s value. Gold is portable, durable, divisible and fungible (each unit is the same as the next unit) as well
as it has a store of value.