The true backing of gold is the Basel III Accord

Many people only know gold as a safe haven
But they don't realize that gold is a Level 1 asset + zero-risk weight status
It has been completely rewritten by the Basel III Accord

In 2019, physical gold was classified as a Level 1 high-quality liquid asset
Followed by the implementation of NSFR

Gold is truly equivalent to cash and government bonds in regulatory terms
Banks no longer need to allocate capital to hold it
This is not hype; it is a hard endorsement of global financial rules

After the collapse of the Bretton Woods system
Gold for the first time returned from a 【commodity】 to a core hard asset within the system