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黃金的真正靠山,是巴塞爾協議 Ⅲ
很多人只知黃金避險
卻不知黃金是一级資產 + 零風險權重地位
是被《巴塞爾協議 Ⅲ》徹底改寫的
2019 年實物黃金納入一级優質流動資產
後續 NSFR 落地
黃金在監管層面真正等同於現金、國債
銀行持有不再佔用資本
這不是炒作邏輯,是全球金融規則硬背書
布雷頓森林解體後
黃金第一次從【商品】回歸體系級核心硬資產