Gold Futures Index (GOLD)

[trunkmonk]

this is a big deal folks, Huge. its happening slower than I thought it would, Basil 3 is bringing back gold as a viable standard, and China has been waiting for this to occur. BIS knows the dollar has to weaken, US has been abusing the world with its never ending printing where there is now about 600T in derivatives in the world, all interest rate sensitive. Crypto is proof that people are tired of it, but putting your money into a ponzi backed by nothing other than when a billionaires lips move is not a storehouse of value. Crypto will have its place, China and central banks know this, its how people will trade safely across borders with gold backing it so loose lips wont sink financial ships.

This article looks at the likely consequences of the Bank for International Settlements’ introduction of the net stable funding requirement (NSFR) for bank balance sheets, insofar as they apply to their positions in gold, silver and other commodity markets.

If they are introduced as proposed, banks will face significant financing penalties for taking trading positions in derivatives. The problem is particularly important for the London gold market, as described in last week’s article on this subject. Therefore they are likely to withdraw from providing derivative liquidity and associated services.

https://www.zerohedge.com/commodities/end-paper-gold-silver-markets