Azimut Exploration Inc V.AZM

Basel 3 implications on GOLD price

[TuTomek]

May 7, 2021

Ep.37 Live from the Vault: LBMA clearing banks risk collapse. Silverback raid rattles Comex. - YouTube

[TuTomek]

"Beginning in June of 2021, Basel III rules will require banks to hold unencumbered physical gold valued at 100%. Unallocated paper gold receipts will not be considered equal assets for the purpose of evaluating financial strength" more at Basel III and Gold (usgoldbureau.com)

[nightowl21]

Wow..that is pretty stunning info! why are we not hearing more discussion on the Airwaves..ie could move gold price up by $500 in next 6 months! First time I have read an in depth analysis on this subject....thanks for info!

[givemeabreak1]

That is interesting in that it could be good or bad for gold hard to tell.   A big percentage of gold these days is paper gold.  If the value of paper gold is diminished the value of gold is diminished.  On the other hand if  they still see a need for gold as an insurance policy it may increase demand for the hard asset itself which is good for gold.  Probably better

[TuTomek]

"On the 28th June 2021 Basel III will change the spectrum of how Gold is valued." more at Basel III Could Be Gold's Best Friend | Investing.com