Premiered Jan 21, 2021
We revisit the Basel III requirements that are set to wreak havoc on the London unallocated gold market on June 27, 2021. We also discuss the potential affects this has on vaulting gold toward its CPI adjusted high of $3045.
We go over in detail over the history of Basel requirements and why they keep changing. Essentially, the banking system is having trouble meeting those liquidity standards after the Lehman collapse, despite what they may tell us publicly.
We also revisit the threat that the LBMA made to the rest of the world’s gold markets, and why it indicates London is panicking over physical gold trade moving East to those other markets.
I explain in detail why June of 2021 will likely not be the date at which the entire derivative market in gold breaks, because the LBMA and COMEX are not the only markets where derivatives are traded.
However, it will likely do two things for gold: 1) raise the floor of the gold price significantly and 2) cause gold trade to shift methodically away from Western gold markets.
At the end of the day, I estimate a 2-3 year window before the central banks are ready to let the gold price fully revalue, and the fiat currency and debt system to suffer it’s ultimate fate. The reasons for this prediction are included in this presentation in some detail.
Lastly, we discuss a very Special Announcement: We are hosting our second virtual conference on January 28th, 2021, for which you can register free here: https://hopin.com/events/solutions-2021
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2021 Dinar Chronicles