Basel III - LBMA stalling antics won’t stop the gold rushNew interview with (independent) London wholesale PM trader, Andrew Maguire.
Andrew Maguire sheds some light on the Bank of England's attempt at carving out an exemption from the Basel III compliance.
The precious metals expert explains the implications of this LBMA accommodation and whether or not it's capable of freeing gold loans and leases from Basel III and capital requirements.
Andy Maguire also confirms his position on his bullish outlook on gold and explains what we can expect in the precious metals market in the upcoming months, as we’re observing the extended Basel III window slowly closing.
https://www.youtube.com/watch?v=pCJ7QF3cZbs