RE:My last post for a while Jun 28, 2021
you are right warthog1
it will take a while
Basel III & Gold Price - YouTube or
https://youtu.be/M5WRvvXM7HY
GLTA!
warthog1 wrote: Basel 3 will move the market. Instantaneously was never asserted by anyone I know of. LBMA / UK has til 1 Jan 2022, so those banks can still at their own risk play the game. However, IMHO, the BIS and banks want control of the gold market, you will see the price increase as the paper derivative game goes away. In 2022, tell me then how effective Basel 3 was. It’s the beginning of the end of paper pricing not the end of it. Not yet.