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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (110704)7/21/2021 10:06:49 PM
From: Goose94Read Replies (1) of 203205
 
Gold: Basel III shows big powers want gold to replace U.S. dollar

British gold fund manager Ned Naylor-Leyland is the guest on Sprott Money's "Ask the Expert" program this month, and interviewed by host Craig Hemke, Naylor-Leyland says the new "Basel 3" protocols for gold derivatives held by banks suggest that the G-20 powers and the Bank for International Settlements want gold to replace the U.S. dollar as the world's "risk-free instrument."

Central bank demands for repatriation of their gold from foreign depositories jumped when the "Basel 3" protocols were first devised, Naylor-Leyland says. So, he adds, the protocols eventually will have an affect on the gold price.

Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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