Mining Sector Ideas

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Basel III - another factor that might help explain the big surge in gold. Due to this Basel III change in global banking regulations from the BIS/Bank for Intl Settlements, banks are apparently now being encouraged to own gold and will also benefit from a higher gold price since it will allow them to make more loans -


>>> Basel III And Gold: Rocket Fuel Added For Gold's Next Takeoff


Seeking Alpha

by Jay Taylor

Mar. 28, 2019


https://seekingalpha.com/article/4251606-basel-iii-gold-rocket-fuel-added-golds-next-takeoff


FOX Business, Bloomberg & CNBC haven't mentioned a huge change in the accounting of gold for banks by the end of this month but it's a very big deal! Gold will become a Tier 1 asset valued at 100% for banks. That means that gold will be counted as a much more valuable asset held by banks against which they can make more loans. Finally, there may be a reason for banks to desire higher rather than lower gold prices. Might Basel III along with endless QE start the next gold price explosion? That and other market dynamics underlying gold's next major bull market are explored with Andrew.

Michael shares his latest comments on gold and other markets of significance to assure us we are traveling on profitable investment paths.

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