What are your thoughts on Basel 3? Will we have free gold?
I think that Basel 3 is a step in the process of liberating gold from the western oligopoly. My price target for end of January 2022, when the LBMA will have complied for a month, is $2350 gold.
What do you think happens?
It sure feels like there's something going on. I guess we'll find out in about a week what it is... but it feels like the bankers are panicking...
Nosrekci... isn't JP Morgan already at the party? I thought they had already gathered up all the silver poker chips they could already. I am positive the Russian banks and Chinese banks, both central and commerical, have been buying PM's as fast as they can. And once COVID in India settles down, I expect higher buying out of India as well. The only thing that I don't get is Canada not having reserves, as Germany and Poland are drawing down their New York based bullion. I'm not a fan of JP Morgan's trading tactics but I have a feeling their stock price is going to do quite well even if other large Western trading banks are slow to join the physical in the vault gang. Have any English banks been gathering bullion? Logically with Basel III impacting LBMA they would be adding as well. I'm a stacker at heart and don't understand the incomprehensible market manipulator moves but I agree with your basic premise. I am certain many large banks have been slowly gathering PM's while these rigged prices are still in fantasy land.