"I can't possibly imagine how he's got the audacity to keep inventing all that rubbish, especially the Basel 3 BS" Of course you can not imagine that what Alasdair Macleod says is true because you believe that the Comex is a free market. The Comex is an extremely high manipulated unregulated Paper market. Gold futures contract spot month position limit is 6,000 contract and they have traded 8,900 contract in the unregulated market. If Basel 3 is implemented watch out.