Basel 3 coming up... Some more commentary from Alasdair Macleod about Basel 3. Basel 3 came about in 2014 after GFC and is meant to address the net stable funding of banks.
The Gold derivatives market is a risk for the bullion banks since they could be squeezed in the event of something dramatic and gold just cannot be suppressed as easily. Easing off their paper derivatives is on the cards albeit the time horizon may be extended. But they have already delayed some 4 years and the Europeans appear to want to proceed. So July onwards may well be on the cards.
Essentially gold rising along with the commodity complex is simply a reflection of the reducing purchasing power of fiat currency. It is gold and commodities remaining flat in valuation while confidence in paper declines. Inflation in a word. The debt has to be addressed and as many have said out many times why not let the debt fall as a total liability by other means than paying it back.
https://kingworldnews.com/kwn-metals-wrap-alasdair-macleod-available-now-5-22-2021/