Post by
Freezerburn on Jun 02, 2021 9:11am
Basel 3 coming into effect end of June
Gold will transition from a tier 3 to tier 1 asset
Comment by
Freezerburn on Jun 02, 2021 9:12am
https://www.usgoldbureau.com/news/basel-iii-and-gold#:~:text=Basel%20III%20rules%20move%20physical,100%25%20value%20for%20reserve%20purposes.&text=Beginning%20in%20June%20of%202021,physical%20gold%20valued%20at%20100%25.
Comment by
Freezerburn on Jun 02, 2021 9:14am
He expects the impact of this huge unwinding to pressure gold upwards $500 from the current price by mid-summer, and silver $10-$12 higher, as well.
Comment by
satchmo6 on Jun 02, 2021 3:47pm
sold all my silver coins............the local gold buyer wont takescrap silver --even if its Sterling prepare for WAR
Comment by
Freezerburn on Jun 02, 2021 3:58pm
30% premium on physical silver. They already won.