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Precious Metal Update Empty Precious Metal Update

Fri Jun 04, 2021 2:27 pm
This was sent to me by @Grace

Not sure if you are aware of the forthcoming Basel 3 rules?  Basel 3 affects the paper metals market.  To cut long story short, if the proposals go thru, gold/silver price suppression will become illegal.  Can you imagine?? No more price manipulation from the likes of JP Morgan.  Precious metal prices will shoot thru the roof!

The LBMA has warned the BoE, quote "Basel 3 rules will wreck gold price suppression"......

Implementation schedule:

28 Jun 2021 - Banks in Continental Europe

1 Jan 2022 - British Banks

1 Jan 2023 - All changes become effective

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