What is not widely understood is the implications of ths BIS ( Bank of International Settlements ) compliance requirements that come into effect 28th June 2021.
What this means is that all Banks will have to comply, gold will be counted as a tier one asset ( money ) on their asset sheets, but only in the physical form. ( Paper gold contracts will not be counted as an asset. )
There is a current global rush into physical gold to comply.
Paper contracts will ( already are ) be worthless because there is insufficient supply.
Current speculation is Basil 3 will push the price of gold to US 2500 or above due to the supply squezze.
Watch this space-- IT's going to get interesting, and soon.
US gold 2500= AU 3225
Exploration commencing August 2020, page-37
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