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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.31+0.6%Nov 7 4:00 PM EST

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To: TobagoJack who wrote (173606)6/24/2021 12:46:16 PM
From: Haim R. Branisteanu  Read Replies (2) of 217637
 
TJ long ago I studied the new regulation of Basel III, and was sure they will introduce it in due time never imagined that they will drag it on to today.

There will be plenty of OREO to sell after the implementation, and if I would be you, I would sell all my paper gold.

In general I do not see gold a store of value, as the goldbugs are passe. If they would have been alive physical gold would have raised to $3,000 an once - just compare it to copper.

I for long told you look at metals that go with the economic transition and gold is not one of them, neither other rare metals - the world moves to HEA and carbides and away from rare metals themselves.

As example most electrical motors will not use magnets with rare earth metals anymore, or very sparsely.
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