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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (169299)	3/8/2021 11:50:20 PM
From: sense	Read Replies (2) \| Respond to of 217753

The date is the current plan for full implementation of Basel III. That's when gold is made "money" again... and the long running delays in implementation supposedly end. Originally supposed to have happened in 2009 or 2011... then 2014... but the banks couldn't handle it back then... kept kicking the can down the road... Armstrong Economics U.S. Gold Bureau Silver Doctors How much of a difference that makes depends not just on a range in opinion in what the pundits expect. In itself its not obvious that it changes anything most people would care about... but if it strengthens bank balance sheets when something already on the books doubles in value, by going from being counted as 50% up to 100% of the market price ? One answer to dodgy balance sheets in banks... would be to load them up on gold... and then revalue gold upwards by a larger percentage than in that initial salvo ? They wouldn't make it more than 100% of course... but 100%... of what price? Not that banks would EVER try to manipulate the market price of anything... but if all they had to do to strengthen the balance sheet... was manipulate gold prices a bit higher... would they find a way ? /s And a lot of underwater Treasury accounts... that might look less risky if suddenly gold was worth more...given the large collection of pet rocks in the basement ? Had a conversation with a friend tonight about... how much of rising prices would be not in the increase in value in gold or silver... but the decrease in the value of the fiat ? No one asking that about bitcoin ? But, a correct answer depends not just on the relative change starting from where we are now... but the relative change OVER TIME related to the scale in the prior decline in value of an asset... whose value has been suppressed. That's not just a gold price up versus inflation's destruction of fiat value argument... but it is the essential argument of every value investment proposition... that "out of favor assets"... lose way more value through neglect than they do from inflation... My oil pick, OMP, was unpopular in March 2020... more popular in March 2021... when not much had really changed in the company ? Other things... out of favor for a longer time... might drop more than OMP did... so maybe... OMP trading at $0.25 would be less popular than at $2.50... only because it looks like no one wants it... there must be something wrong with it... I'll wait to buy it until others want it ? Why does anything change in price... other than changing perception... a very large portion of which is fad... and a very large portion of which is emotion... ? Gold has been suppressed in price and in its perception as "money" for over a century... generations have had it beat into them that gold has no value... it is not money... and then, suddenly, it turns out they were lying all along ? Gold and silver (only more) have a Graham and Dodd type value story behind them now... that even gold and silver bulls are reluctant to accept... given years of suppression and having the expectations of a possible change in that trend being beaten out of them by the market... Mining stocks... could dominate the markets in place of tech stocks as the "in thing"... if the "influencers" in the right crowd demand it ? That "paper money" thing... no, we were never really serious about that... it just didn't work out... sorry... A lot, then, also depends on which version of a "Great Reset" you end up getting... The version that re-montizes gold... wouldn't be possible at all without full implementation of Basel III... or more to the point... the banks wouldn't survive it if it happened before they were ready for Basel III being fully implemented. What does happen... as change is enabled... would likely not be dramatic enough to point toward it "being planned all along... only we forgot to mention it"... "while continuing to manipulate the price lower to acquire more gold" ? There will be some other explanation pushed out front... a crisis perhaps facilitating "we didn't want to do that... but it was made necessary"... Of course, that's not the only possibility... just one of them...