Gold testing $2k again...Lagarde literally said Basel 3 needs to be implemented on all banks this week...THIS IS huge!! stay tuned!
ECB'S PRESIDENT LAGARDE: I HIGHLY RECOMMENDED COMPLETE BASEL III IMPLEMENTATION.
Basel III:
Under the new regulation, allocated gold will be considered a Tier 1 asset and will continue to have zero risk weighting. Conversely, banks’ unallocated gold and exposures due to other financial transactions will be considered a Tier 3 asset subject to a Required Stable Funding (RSF) ratio of 85% like other risky assets such as equities. Under the new rules, banks are required to hold physical gold or other liquid assets for an amount equal to at least 85% of the value of unallocated gold on their books.
# GENERATIONAL OPPORTUNITY ..... smile)
Greyerz – Richard Russell, Jim Sinclair, China, Massive Inflation And $50,000 Gold
As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies and metals spoke with King World News about Richard Russell, Jim Sinclair, China, massive inflation and $50,000 gold.
Patagonia Gold Reports Drilling Results From the Monte Leon Target, Santa Cruz, Argentina - Gold and silver mineralization, up to 72.4 grams per tonne (“g/t”) Au and up to 1,473 g/t Ag over 0.6 drill meters, reported - smile)
VANCOUVER, British Columbia, March 01, 2023 (GLOBE NEWSWIRE) --
Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) is pleased to announce new gold and silver analytical results in exploration drill samples from the Monte Leon (“MLN”) target near its Cap Oeste (“Capo”) mine in the Santa Cruz province of southern Argentina.
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