Basel 3 to trigger 'liquidity squeeze,' gold price could be $2,100 by year-end, Goldex CEO says
By Anna Golubova***** News, Montreal
Tuesday, June 22, 2021The risk with Basel III is a major shift toward allocated gold, which could trigger a liquidity squeeze in the physical metal and lead to higher prices by the end of the year, according to Goldex CEO Sylvia Carrasco.
The impact of the Basel III agreement, which will come into force on June 28, for European banks and on January 1, 2022, for British banks, is being debated by many gold industry experts, with opinions ranging from "everything will change" to "no impact at all."
Carrasco is in the camp that sees many people underestimate the impact of Basel III on the gold market.
"Basel III will affect the gold price more than many people believe. The spot price will definitely go up," Carrasco told ***** News. ...
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