Response to Basel Committee on Banking Supervision’s Consultative Document

This document comments in detail on the consultation launched by the Basel Committee on Banking Supervision (BCBS) on the International Framework for Liquidity Risk Measurement Standards and Monitoring, on December 17, 2009. This document specifically addresses the omission of gold from the proposed definition of a high quality asset in the 30 day liquidity coverage ratio and the 50% required stable funding factor applied in the net stable funding ratio

Gold Demand Trends Q1 2010

The importance of gold in Reserve Asset management - video

The report examines how gold can help a central bank meet its foreign reserve management objectives. A portfolio optimiser is used to show that the efficient frontier of a typical developing or emerging market central bank can be enhanced by adding gold - in other words, a bank can enhance its risk-…

Gold Demand Trends Q2 2010

The 10 year gold bull market in perspective

Successive new records in the gold price have increased concerns that gold may be overvalued vis-à-vis other assets. Some investors and market commentators even question whether the gold market is in a “bubble.” This report takes a statistical approach to these concerns and examines the prospects for future gold demand.

Gold: hedging against tail risk

This report shows that gold does not only help to increase expected risk-adjusted returns in a portfolio but can also significantly mitigate the potential for wealth to be eroded by extreme events, as evidenced by statistical analysis of tail risk scenarios. Investors who do not hold gold or view it purely as a temporary safe haven asset are failing to harness its full potential to protect wealth.