by This looks like mostly an accurate assessment, if the regulatory modification is now going to allow Depositories to include a % of physical gold holdings as Tier1 assets priced in the reporting currency terms: “Another benefit for the owner of precious metals will be the absence of monthly metal-smashing done by those trying to manipulate prices lower as option expiry periods get close. When banks hold physical metal as a primary reserve asset, they benefit more from gold’s rise than from a temporary drop in price. Increased gold prices will allow banks to reduce debt and other liabilities on their balance sheets, putting them in better financial positions. This will help create a new reality that aligns the interests of individual physical gold and silver purchasers with the interests
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model
Mike Norman writes The Accursed Tariffs — NeilW
Mike Norman writes IRS has agreed to share migrants’ tax information with ICE
Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius
This looks like mostly an accurate assessment, if the regulatory modification is now going to allow Depositories to include a % of physical gold holdings as Tier1 assets priced in the reporting currency terms:
“Another benefit for the owner of precious metals will be the absence of monthly metal-smashing done by those trying to manipulate prices lower as option expiry periods get close. When banks hold physical metal as a primary reserve asset, they benefit more from gold’s rise than from a temporary drop in price. Increased gold prices will allow banks to reduce debt and other liabilities on their balance sheets, putting them in better financial positions. This will help create a new reality that aligns the interests of individual physical gold and silver purchasers with the interests of the large institutions holding the gold or silver.”
Read Now: Basel III and Goldhttps://t.co/Mj8tZ6g4Aq#usgoldbureau #gold #silver #preciousmetals pic.twitter.com/ufcVnyATio
— United States Gold Bureau (@USGoldBureau) March 3, 2021