Replies to post #42822 on ~*~Mining and Metals Du Jour~*~

[silver_bars]

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

Basel 3 skeptic know believes it will likely go thru later this month ... its the quickest/easiest way for the banks to strengthen their deteriorating balance sheets .....