on Jun 30, 2021
from Ridgecrest, CA
Last updated on Jun 30, 2021
New BIS rules attempt to force central banks to maintain 1:1 for fully allocated gold certs. People are saying this will drive up the price of physical (fully allocated) gold in various fiat currencies. Good luck obtaining actual fine gold.
What will Basel III rules mean for the gold price?
Samuel Briggs - In this week’s exploration of the gold and silver markets, Andrew Maguire looks ahead to the introduction of Basel III rules in March next year and breaks down the expected global impact on banks, the gold markets and the price of gold itself.