nixy

https://gata.org/node/21134 Basel 3 rules will wreck gold price suppression, LBMA warns Bank of England Submitted by admin on Sat, 2021-05-08 12:19 Section: Daily Dispatches 12:29p ET Saturday, May 8, 2021 Dear Friend of GATA and Gold: Pending "Basel III" regulations emanating from the Bank for International Settlements could destroy the clearing and settlement system for “unallocated” -- that is, “paper” or imaginary -- gold and silver, the London Bullion Market Association and the World Gold Council warned the Bank of England this week. In a 58-page protest submitted to the Bank of England’s Prudential Regulation Authority, the LBMA and the World Gold Council complained that the “Net Stable Funding Ratio” provision of the Basel III regulations would require the London bullion banks to hold funds offsetting 85 percent of the value of the unallocated gold they hold for customers, and the banks could not afford this.

Seems reasonably straightforward. One is, taking something without the owner's express permission, the other is, erm, taking something without the owner's express permission.

No. All that is needed for gold to rocket, is for the market to prevail. There may be a market soon.

Yes, but is a representation of a pot of money actually a pot of money? ....or an IOU?

http://www.coinweek.com/bullion-report/sil...-ready-to-soar/ esp ?? oops should be in the gold thread ...... nothing like that be happening with Ag, could it.

Also Define crowd.......0.1%??....0.01%???

£20 broken. or even ............ $ & £ broken.

...that is finding a new natural 'level'. ?? edit:- or even .............that is reverting to its' natural 'level'.

1296 to 1306 in 20 minutes..

I felt the same @ £550/oz

dollar index just dropped below 80.

Try to anticipate how much governments will (might) spend and if they are aiming to reduce debt. Perhaps the %age held should be directly proportional to government debt? Trouble is, some argue the proportion should be 100%, even now.

Already broken?? http://www.bloomberg.com/apps/cbuilder?ticker1=DXY%3AIND (add gld to security) 3 - 6 mths What will the POG be next time $index = 80 ??

Talking about prejudice...... bloke on HPC says 'dollar up gold down.....simple' in an innit kind of way. So I spent an hour trying to figure out how to up load images from print screen and posted this...... Comments?

+1 But you (like I did) had a hunch there was 'trouble at mill' which is how / why you found 'the teachers' here.?