Post by
deepthinker63 on Feb 11, 2021 2:39pm
Basel III
As of late June, no more unallocated gold on balance sheets. Banks and gong institutions have 4 months to square, and BIS is knocking down price to allow them to accumulate physical. BRIC CB's accumulating gold at artificially low prices, draining Western vaults.
Comment by
deepthinker63 on Feb 11, 2021 2:40pm
Every bank, CB, family office, etc... knows there will be a repricing. Consensus is gold $2500, silver $35.
Comment by
ErinBrockovich on Feb 14, 2021 8:23am
Makes sense. I expect gold to hold above 1800 this year. And we will possibly see above 2000 again this year. Long term,we are still in a precocious metals bull market. I'm long KNT and VGLD for this reason.