But of course, since it's infinite paper.
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By Peter Hobson
Thursday, July 11, 2019
LONDON -- London's gold market is much more liquid than government or corporate bonds, the London Bullion Market Association said today, presenting new figures it said meant gold should not be subject to tough new liquidity rules.
The rules, due to go into force in the European Union in 2021, treat physically traded gold and other precious metals like any other commodity and require banks to hold more assets to match their exposure as a buffer against adverse price moves.
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The LBMA has lobbied for precious metals to be exempt, arguing the regulation is unnecessary and would disrupt London’s bullion clearing system, which settles gold transactions worth around $25 billion a day. ... ... For the remainder of the report: https://www.reuters.com/article/gold-regulation-nsfr/londons-gold-market...
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