Basel III Threatens to Break The Gold Derivative Market in June

Discussion in 'Gold' started by betterinvestmentthanshare, Mar 8, 2021.

  1. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

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    We revisit the Basel III requirements that are set to wreak havoc on the London unallocated gold market on June 27, 2021.
     
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  2. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    I bet it's all guff and nobody even notices a difference.
     
  3. leo25

    leo25 Well-Known Member Silver Stacker

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    Isn't Basel more of a recommendation rather then a rule.
     
  4. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    ^^^ Exactly right.
    To add to this, gold was considered riskless in the US under Basel II rules and recommendations, and it will remain this way under Basel III provisions. Canada has also deemed gold risk-free.
    The permabulls are grabbing these recommendation changes (already well-known by most) by the horns, to back up their narrative.
     
  5. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    Not sure. I thought that as a BIS member (central bank) adopts them, then they act as 'regulator' and banks under their control have to comply.

    BIS seems to insist:
    "Basel III standards are minimum requirements which apply to internationally active banks. Members are committed to implementing and applying standards in their jurisdictions within the time frame established by the Committee." https://www.bis.org/bcbs/basel3.htm


     
  6. leo25

    leo25 Well-Known Member Silver Stacker

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    That's what it's meant to be, but from the looks of it it's easier for them to implement rules then it is for everyone to follow them.

    From what i understand the big banks find ways to get around the rules and the regulators don't do much to enforce them. That's why in my eyes it's more of a recommendation.
     
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  7. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Screen Shot 2021-06-02 at 6.32.33 pm.png

    Minimum Tier 1 under Basel III is 10.5%. According to APRA our banks exceed the minimum recommendations.
     
  8. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Just got around to watching this video.
    Thought I had better, as all information published about Basel III by those with vested interests has so far been totally inaccurate.

    Sure enough, it is totally incorrect. Take this misinformation at your own detriment.

    @7:52, he says...."So the LBMA is affected by the Net Stable Funding Ratio because it's a derivative gold market, and derivatives according to Basel III NSFR requirements, those markets must be backed."

    WRONG!!!

    NSFR according to Basel III is required only for physical gold. Thus, his whole argument is null.

    I can expand further if any one wishes, but for now lets just say it is another permabull seeing what he wants to see.
     
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  9. heartastack

    heartastack Well-Known Member Silver Stacker

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    ...aaaand the first video YouTube recommends me today lol..

     
  10. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    This guy nailed it!
     
    Last edited: Jun 2, 2021
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  11. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    The only thing Basel III threatens to do to the gold market is break wind as did the previous proclamation of making gold a tier-one asset!

    Honestly, I have lost track of all the events over the years that were supposedly going to break the derivatives markets and bring an end to the bankers' precious metals manipulation.

    Having been involved in this precious metals game for 40 years I will tell you a little secret of what it will take to break the derivatives markets, and that is
    having 5% of the sheeple wake up out of their comfortable slumber and face up to stark reality by investing in silver and gold.

    I don't know if it will take a 1930s style total economic collapse/depression or World War III for that to occur, but that is the type of event that needs to occur.

    If you want to know why silver has still not been able to surpass its 40 years all-time high price it is for this very reason ( we only have 1% or fewer people who
    are into precious metal investing compared to up to 5% in the 1970s.)

    That was also the reason gold was able to run from $35 in the early 1970s to $800 by the end of the decade (more than 20 fold increase).

    It is the 5% that is the critical number not just to end the London/Comex paper manipulation of the precious metals but also to change world political history, as anyone
    who has studied American military history would know.

    You don't need a majority of the population involved, let's face it the majority of the population is brain dead and not capable of helping themselves let alone
    anyone else causes.

    It will the 5% who will be the movers and the shakers to bring about true price discovery to the precious metals market.

    Wake me up when we approach that percentage.
     
    Last edited: Jun 3, 2021
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  12. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    That was very good, thanks for sharing. :cool:
     
  13. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Another prediction that the end of gold and silver price manipulation is at hand?

    Must be time to change my smoke alarm battery.
     
  14. Wellsy

    Wellsy Well-Known Member Silver Stacker

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    I felt I should of been wearing safety glasses when they zoomed out on Weiner's shirt.
     
  15. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    It's July now....... anyone care to comment on Basel III "wreaking havoc on derivatives market on June 27"?
    Or will we just act like we didn't hear the pumper rhetoric, and pretend like it never happened?
     
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  16. PMCollector

    PMCollector Well-Known Member

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    always good to keep the boat evenly weighted.
     
    Last edited: Jul 21, 2021
  17. leo25

    leo25 Well-Known Member Silver Stacker

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    but but but, it was going to happen, but they manipulated it.... :p
     
  18. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Laugh your silly heads off you mockers.

    The last laugh is going to be with us who hold hard assets when we see your paper and digital assets evaporate into nothing.
     
    Last edited: Jul 24, 2021
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  19. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    waiting.jpg
     
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  20. Jamie watson

    Jamie watson Well-Known Member

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    M8 been a stacker for 10 years,listened to all the experts,moonshots and manipulation,i now take it all with a grain of salt.silver is my prefered form of banking,and thats it.win some loose some.i no longer see silver as a stategy or opportunity for quick gains.its just not realistic.
     
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