The Emperor Has No Gold: Basel III Hits European Banks on January 1st, 2022 with Alasdair MacLeod

from Kerry Lutz's Financial Survival Network

Alasdair MacLeod writes, “Basel 3 is on course to regulate the LBMA out of existence. And with it will go all the associated arbitrage business and position-taking on Comex, because most bullion bank trading desks will cease to exist. The only supply to buy-side speculators of gold and silver contracts will be producer hedging.” In other words the gig is up and the Emperor has no Gold. You heard it here first.

Click Here to Listen to the Audio

Sign up (on the right side) for the free weekly newsletter.