Gold price- Basel III

Interesting article on what effect Basel III might have on the gold price hopefully in the not too near future - and obviously a good thing for KWR

https://www.investing.com/analysis/basel-iii-could-be-golds-best-friend-200562335#:~:text=You%20see%20under%20Basel%20III,1%20ratio%20of%20physical%20gold.&text=Physical%20is%20becoming%20more%20expensive%20yet%20futures%20prices%20of%20Gold%20are%20plummeting.

"From 28th June 2021, Europe will no longer classify unallocated Gold as a Tier 1 asset. It has to be a provable 1:1 ratio which should lead to a physical Gold market. This just has to be viewed as bullish for Gold, and all other precious metals."


"Has the Gold price been manipulated down while banks (who have had years to prepare for this upcoming date) load up on cheap physical Gold before the approaching Basel III deadline? Have China been involved as they now have a rumoured stockpile bigger than the US and do they plan on using their massive Gold surplus to back their new digital currency? Will the Comex be able to cope with this additional physical demand especially if delivery is enforced and not the current “get out of jail free” premium monetary settlement? And more importantly, could this lead to a “minimum” price for Gold as banks look to use the new valuation to swallow up their huge debt, therefore leading to higher Gold prices? Why wouldn’t they want the price of Gold to sky rocket if they could use it to refinance? And what is a fair Gold price? $2100? $2500? $5000?"