Gold & Basel III’s Trillion-Dollar Question
June 28th has come and gone, which means the much-anticipated Basel III “macro prudential regulation” to make so-called “safe” banks “safer” has officially kicked off in the European Union (as it will on July 1 for U.S. banks and January 1, 2022 for UK banks).
The trillion-dollar question for gold investors is now obvious: What next?
The short answer is: Gold will rise, but don’t expect a straight line or zero discomfort/volatility.
The longer answer, however, deserves a bit more context, unpacking and plain-speak; so, let’s roll up our sleeves and start from the beginning.
CLICK HERE to read the article over at goldswitzerland.com
