This is big ... as the guy in the video points out regarding the need for Basel 3; the balance sheets on the EU banks are very weak right now (my guess is made even weaker by Covid) ... so a revaluation of Gold is a tool in the tool-box to fix their weak balance sheets, as many EU banks hold Gold at under-valued paper Gold prices ... the ECB balance sheet in particular currently looks pathetic, so the ECB will benefit alot by Basel 3 as they alone hold 10,000 tons AU
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