Basel III Causing Gold's Volatility?
Basel III: Causing Gold's Volatility?
Palisades Gold Radio: Jun 19, 2021
Tom welcomes a seasoned group of experts on the gold markets to discuss the upcoming Basel III changes to banking regulations and their potential impact.
We are joined by Bob Coleman, Vincent Lanci, Adrian Day, and Keith Weiner.
Keith discusses the reasons for the Basel III regulation in stabilizing the banking system. He argues these regulations will cause banks to be increasingly reluctant to participate in the gold business because of increased costs.
As a result, some of these costs will be passed on and enter the retail markets. The LBMA has an extension on implementation and would prefer to be exempted from the Basel III regulations.
The LBMA may disappear if they have to comply with all these requirements. They have been arguing that there is no default risk with gold. These rules tighten up the market and may increase supply issues for those in the markets.
However, with fewer players, there may be more direct price discovery. In addition, the costs of hedging will rise, and this may kill off some of the marginal players in the industry.
When government intrudes into a market, they add extra friction, resulting in fewer transactions, and those on the margin are often forced out.
Adrian argues that banks aren't likely to acquire gold due to Basel III, contrary to many opinions of so-called experts in the gold space. Banks have lots of options in the tier one assets they can hold, and most banks today have large excess reserves already.
Bob discusses the possible impacts on the US dollar with these regulations. Since late February, there has been a lot of activity in the Repo markets where the bond markets started to crack.
He believes they may be deliberately trying to reduce counterparty risk by deleveraging gold.
Recent moves in gold have seen a move from weak hands to stronger hands. Adrian says, "The recent Fed news stories should have been headlined "Fed won't raise rates for two years." Instead, this market is reacting to thinner volumes, thinner exposure, and we now have a Fed that is beginning to say they will tighten.
Unallocated gold at the bank is not your asset; it's the bank's asset. If you are buying gold as insurance, the last thing you want is unallocated gold. Instead, hold and own physical metal yourself or at a depository in your name.
Time Stamp References:
0:00 - Introductions
1:14 - Basel III & Gold
5:15 - Good For Gold?
10:16 - LBMA & Basel III
13:48 - 85% Reserves?
17:14 - Tying it Together
23:15 - Not A Surprise
24:36 - Gold Deliveries
27:22 - Refiners & Comex
28:36 - Dollar Effects
38:24 - Golds Recent Moves
44:45 - Gold Basis Chart
50:00 - Recent Volatility
1:00:47 - Geopolitical Issues
1:05:02 - Unallocated Gold & Risk
1:09:26 - Final Thoughts
Talking Points From This Episode –
- Basel III Regulations and potential impacts on banks and gold markets.
- Regulation costs may be passed onto retail investors.
- Thoughts on recent volatility in the gold markets and the dollar.
- Risks with treating unallocated gold investments as insurance.
Ariel: Iraqi Dinar Redenomination Sequence and the Q1 2027 Compression Window
10-12-2026
Short IQD Update: Iraqi Dinar Redenomination Sequence — The Denial Protocol, the Gold Position, and the Q1 2027 Compression Window
The This-Year Scenario & How It’s Actually Possible
Here’s the shortest path, and it’s cleaner than most realize:
Good Afternoon Dinar Recaps,
GERMANY FINANCIAL RESET WATCH: €723 MILLION BANK RESCUE EXPOSES RISKS BEYOND TRADITIONAL BANKING
Germany's largest recent cooperative-bank rescue highlights how real estate losses and investments outside conventional banking can threaten financial institutions, raising wider questions about credit risk and the resilience of Europe's banking system.
Inflation Is "Only" 3.4%. Here's Where Your Money Goes Farther
Notes From the Field By James Hickman (Simon Black / Sovereign Man) October 9, 2026
The two most recent inflation reports both showed the same thing: prices in the US are 3.4% higher than they were a year ago. And the politicians could hardly contain themselves.
After the first report, the White House's top economic adviser, Kevin Hassett, declared that inflation is "clearly decelerating." After the second, Jason Smith, the chairman of the House Ways and Means Committee, announced that "more relief may be just around the corner."
GP Q: How Financial Systems are Quietly Changing
10-12-2026
PATHWAYS ( “THE RAILS”) TO LIQUIDITY
How Financial Systems Are Quietly Changing — And What Ordinary People Should Actually Know:
Financial systems do not switch over in a single dramatic moment. Most large shifts begin with technical work that happens out of public view: new connections between banks and payment networks, updated identity checks, stronger verification layers, and the gradual linking of older systems with newer digital ones.
TNT:
Tishwash: The money exchange union condemns the setting of the dollar exchange rate at 155,000 dinars and threatens a general strike.
The General Syndicate of Exchange and Mediation in Iraq condemned on Sunday the video circulating and attributed to the Ministry of Interior regarding the buying and selling prices of the dollar in exchange companies, demanding that the ministry issue an official clarification regarding setting the dollar exchange rate in the parallel market at 155,000 dinars per 100 dollars, according to what was stated in the statement.
Emailed to Recaps~Thank you David
Reset Intelligence: Baghdad Is Hiding the Date
By Reset Intelligence | @EXIT_FIAT
Iraq cut the IQD to 1,500 on October 7. Iraqi-press channels now report what comes next: new banknotes, with the zeros off.
The start date is being kept secret, so that illicit cash cannot move first.
The Government Is Moving Towards Adopting The Dinar Exclusively For Domestic Transactions And Tightening Control Over Markets.
Baghdad - One News The Prime Minister’s advisor, Mazhar Muhammad Salih, revealed a government plan to adopt the Iraqi dinar in financial and commercial transactions within the country, with the aim of strengthening confidence in the national currency and regulating transactions in the markets.
Good Morning Dinar Recaps,
GLOBAL BANKING RESET WATCH: RUSSIA’S CASH WITHDRAWALS RAISE QUESTIONS ABOUT BANKING STABILITY
Growing cash withdrawals, rising concerns about bad loans, and pressure on government finances are testing confidence in Russia’s banking system, although a nationwide banking collapse has not been established.
KTFA
Sunday Night Video
FRANK26….10-11-26….FROZEN !!!
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Rob Cunningham: What if the World’s Wealth Could Finally Work for Everyone?
10-11-2026
XRP: WHAT IF THE WORLD’S WEALTH COULD FINALLY WORK FOR EVERYONE?
Imagine a world where humanity’s greatest financial problem isn’t a shortage of wealth, resources or productive capacity – but an outdated system that makes accessing them unnecessarily expensive, complicated and restrictive.
Now imagine a better system.
A Historic Team, New Monetary System, Asset-connected Future, America
And We Know: 10-10-2026
A recent discussion from And We Know Official on YouTube dives deep into the current chaotic financial environment, particularly highlighting the intersection of midterm elections, shifting monetary policies, and the evolving roles of precious metals and digital currency.
As global markets react to shifting political landscapes and central bank decisions, understanding the broader economic picture has never been more vital for long-term planning and asset protection.
"Raising The Dollar Is Not A Solution Without A Price," Maliki asserts, emphasizing that the success of adjusting the exchange rate hinges on the government's ability to contain its repercussions and protect citizens' incomes
Sunday, October 11, 2026 Baghdad - One News - Nouri al-Maliki, head of the State of Law Coalition, warned of the economic and living repercussions of raising the dollar exchange rate, stressing that the success of the exchange rate adjustment measures depends on the government’s ability to contain its negative effects and protect citizens’ incomes and purchasing power, as well as maintain market stability.
Good Afternoon Dinar Recaps,
GLOBAL DEBT RESET WATCH: WORLD BANK WEIGHS CRISIS AID AS DEVELOPING NATIONS FACE A TRIPLE ECONOMIC SHOCK
As the World Bank discusses emergency assistance with dozens of countries, rising energy prices, climate threats and borrowing costs are intensifying pressure on government budgets and the global financial system.
TNT:
Tishwash: Al-Moussawi reveals the date when the 2027 budget will reach Parliament
MP Mukhtar al-Moussawi confirmed on Sunday that the 2027 budget draft will reach the Parliamentary Finance Committee this week for discussion of its articles. He also indicated that there are seven complex issues that the upcoming budget will face.
Al-Moussawi explained to Al-Maalouma that "the 2027 budget draft will arrive this week from the Council of Ministers to the Parliamentary Finance Committee, in preparation for a thorough discussion of its articles."
KTFA
Clare: Al-Zaidi will conduct a Gulf tour that includes Saudi Arabia and Kuwait next Wednesday.
10/10/2026
Iraqi Prime Minister Ali al-Zaidi is expected to conduct a Gulf tour next Wednesday, which will include Saudi Arabia, after which he will head to Kuwait.
An informed government source told Shafaq News Agency that Al-Zaidi will discuss with the Gulf states joint security and economic files, as well as the situation in the region and its impact on security and economic conditions, in addition to common issues at various levels.
MilitiaMan & Crew: Stop What You Are Doing: Militia Man's Latest Update
10-10-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
Iraq Amends the Official Exchange Rate: Legal and Economic Implications of Cabinet Decision No. 544 of 2026
Al-Nesoor Law Firm examines Iraq’s new exchange rate and its impact on contracts, imports, businesses, government revenues, and consumers.
Al-Nesoor Law Firm October 07, 2026 On 6 October 2026, the Iraqi Council of Ministers issued Decision No. 544 of 2026, amending the official exchange rate of the Iraqi dinar against the U.S. dollar. The new rates took effect on 7 October 2026, leaving only a very short period between the decision and its implementation.
Under the new framework, the exchange rates are:
Good Morning Dinar Recaps,
GLOBAL ENERGY RESET WATCH: U.S. EASES RUSSIA DIESEL SANCTIONS AS FUEL COSTS PRESSURE TRUCKERS AND TRADE
The Trump administration has temporarily eased restrictions on Russian diesel supplies following an agreement with Moscow, seeking to relieve fuel-price pressure on truckers, farmers and businesses while raising new questions about sanctions, energy security and global trade.
CBI Protects Pre-Devaluation Import Transfers
2026-10-10 Shafaq News- Baghdad Iraqi traders should not be charged exchange-rate differences on import-financing transfers due for execution before October 7 that were purchased and covered at the old rate, the Central Bank of Iraq (CBI) said on Saturday.
Rob Cunningham: The Transformation of the Global Monetary System
10-12-2026
XRP: The Transformation of the Global Monetary System
Wall Street Investment Banking.
Correspondent Banking.
Central Banking.
Fractional Reserve Lending. Global Payments.