RE:zero risk asset moneygames wrote: When do you guys think Basel iii will be filly implemented where gold will actaully benift, seems like this game changer plan has been in the works for a decade or so.
My 2 cents is that it's already happening , since April gold has gained $200 . My bets are in and I'll sit tight and let this reset unfold . The west has reason to keep this scam alive where as the east namely China and Russia have plenty of gold and no longer wish to pick up the tab .
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How this plays out is anyone’s guess as there are so many scenarios there are no rulebooks to refer to. Putting to one side how messy the next few months could get, the upshot is with paper shorts out of the question from June 28 2021, banks being audited before the end of Q2 2021, and a mass, mass shortage of gold; we can almost ignore the macros at play in the current world as Basel III is a lot bigger and a trade opportunity that cannot be missed. Prices cannot hang around for much longer at these levels, and as we head towards the end of Q1 we would expect prices to begin their ascent to much higher levels."