RE:Eldrico, Yeah, that's what I was talking about.
The convictions (where you throw a colleague under the bus) - the paltry fines - are simply a cost of doing business. Disgusting really.
And theey ask why we are hesitant to believe?
el d
braindeadoldguy wrote: When you read the article, there are unbelievable events that don't make sense at all. The opposite of what was done should have happened, especially after 5 convictions.
I am not deep enough into the scenario that allows banks to literally borrow money at will, no maximum, then control a market no matter what it takes, and in my opinion, circumvent the so called Basil 3 rules.
What Basel III means for gold?
Unallocated gold is the most widely traded form of gold in the world and is
thought to take up to 95% of gold business – in London alone,
the amount traded daily is worth about $200bn– but the new Basel III
regime means that banks are required to put up 85% of the value
of unallocated gold in cash.
Many people thought that gold would rise with the implementation
of these new rules. Here is an article on the subject.
https://www.efginternational.com/insights/2021/gold-and-basel.html
You never know, after reading the article about how the bank
manipulated the markets for years, what they are doing now illegally.
Bottom line, in my opinion, the FED has to control gold, in their mind,
at all costs. However, soon the USD will start to fall, and it may go
into freefall this coming fall, and you know how gold will react.
Someone else who is into this and understands it better should come
forward add some wisdom to these events.
B-dog