Basel 3, Monetary Reset, Gold, Silver and more Sunday PM 5-30-2021
BASEL 3 and a Phased Return to Market Priced Gold: Monetary Reset
Miles Harris: May 30, 2021
Basel 3 banking regulations are set to be introduced in continental Europe at the end of June 2021.
This video answers why a gold price increase is needed by our central banks, why it is needed now and why Europe is first to implement these rules.
Will Basel 3 Boost Gold and Silver Prices?
The Basel 3 accord is a set of global financial reforms developed by the Basel Committee on Banking Supervision under the domain of the Bank for International Settlements, an organization headquartered in Basel, Switzerland. These coming changes in bank system operations are to strengthen regulation, supervision and risk management within the worldwide banking industry.
Work on the Basel 3 changes began in 2008, after the onset of the Great Recession. The original version was adopted in 2010, to be implemented from 2013 to 2015.
Some changes called for in Basel 3 were so extreme that some revisions were made and implementation was repeatedly delayed. As it now stands, some of the impact of Basel 3 takes effect at the end of June this year, while all changes become effective on Jan. 1, 2023.
The goal of the forthcoming Basel regulations is to limit the levels of risk that banks take on in the pursuit of profits, which would hopefully prevent a major worldwide financial crisis if markets turn negative. It’s a wonderful idea in theory. However, in practice, some changes could be so disruptive to the actions of some governments, central banks and financial institutions that there is already pushback.
Read full post here: https://www.numismaticnews.net/coin-market/will-basel-3-boost-gold-and-silver-prices
************
Macleod: The End Of The LBMA Is Nigh
by Tyler Durden
Saturday, May 15, 2021 - 07:00 AM
Authored by Alasdair Macleod via GoldMoney.com,
Basel 3 is on course to regulate the LBMA out of existence. And with it will go all the associated arbitrage business and position-taking on Comex, because most bullion bank trading desks will cease to exist. The only supply to buy-side speculators of gold and silver contracts will be producer hedging.
In recent months there has been some limited commentary concerning the introduction of Basel 3 regulations and the implications for precious metals trading. These new regulations are scheduled to be introduced for European banks at the end of June — only seven weeks’ time — and in the UK from 1 January next, affecting all LBMA member banks.
Read full article here: https://www.zerohedge.com/markets/macleod-end-lbma-nigh
Forget Gold!! Something HISTORIC Is Happening with SILVER | Prepare Yourself - Steve Penny
I Love Prosperity: May 29, 2021
Forget Gold!! Something HISTORIC Is Happening with Silver | Prepare Yourself.
In today's video, Steve Penny breaks down Silver, the historic nature of the Silver bull market, what is coming next for the US economy, and how to prepare yourself mentally and spiritually.