29 March BIS returns to the GOLD STANDARD

March 29 is a friday.. no time for fast reaction in case this is true

And if Brexit happens on the same day.. thats 2 big changes and as they say good or bad things come in threes

What else is sceduled for the same day, i wonder

Nothing will happen!!

Buy precious metals + crypto

Only a matter of time b4 fiat collapses, when it goes down prec metals + crypto will go up

Safe havens for storing value

Didn't I read we just "aquired" 40 tons of gold from ISIS? Or some such shit?

i wish that nothing happens as it will shake the world economy imo..



Physical metals and cryptos are always a good idea

Imagine adding two zeros onto the price of gold.

still a rumor but yes there is such a rumor

Just two days away

As the Italian financial newspaper Il Sole 24 Ore recently reported, the world's central banks will introduce a kind of gold standard at the end of March 2019. According to a decision by the Bank for International Settlements (BIS), gold in bank balance sheets will soon become a "cash equivalent", ie a liquidity-equivalent asset and thus "risk-free". With this, the yellow metal could face a sustainable revaluation in the future.

[link to www.deraktionaer.de]

The new Basel rules make physical Gold a Tier-1, riskless asset starting the end of March. The impact will be realized on big bank balance sheets. For years, a ban has been in place on Gold as a reserve asset. No more!! Combined with the substantial accumulation by central banks in gold reserves over the last 12-18 months, the signal is clear.
[link to www.marketoracle.co.uk]

The bank of Rothchilds...!

Well the 29th came and went....where are the effects of Basil 3 and dod Brexit avtually happen????? PM’s were flat and Brexit still fucking delayed.

The day before Basel III goes into effect, Mario Draghi slips in a ruling, under the radar that, "The European Central Bank needs to approve any operation in the foreign reserves of eurozone countries, including gold and large foreign currency holdings,"

Seems to me the EU is laying claim, ahead of time on any gold repatriated by any "sovereign" nations in the Eurozone? In case they might try to cut loose and run, they lay claim on that nation's gold reserves "legally"? Including Italy and the U.K. (Not that there is any, actual physical gold in the city of London any more, mind you! ;) )

Am I understanding this right???



[link to www.zerohedge.com (secure)]

Also China's reserves are rumored to be grossly understated. They are a net importer and export none of their own production, which they keep quiet about.

.... "gold in financial statements becomes money"...

so the gold as + or - from the gold in the vault byway of running log on paper. Looks like no gold is allowed to leave the vault in subsentence.

Countries must seek ECB approval to manage gold reserves: Draghi

This appears to me to be a real simple way to cover their asses because of all the fake paper gold in the world. Now they can continue to peddle paper gold without consequence.

yes, if you are going to monetize your vaulted gold bullion.

if you are member of the club.

@zerohedge
Following Following @zerohedge

Why Russia Is Dumping Dollars And Buying Gold At The Fastest Pace In Decades

and Europe is starting to take notice, and follow suit
[link to twitter.com (secure)]

Well as I anticipated....the 29th has come/gone and manipulation is still going on. What fucking difference does it make?

Thank you for the clarification in simple lingo.

The price dropped $20....!









To the moon goldtards.

UK is just kicking that can down the ole' road.

And this BIS move with regards to gold has been a fairly long time coming. People want to know where their assets are at in the coming bear market.

Commerzbank and Deutsche Bank might merge. That's a pretty big signal, I guess. It seems like we really could be on the verge of something big.

If everything goes topsy-turvy, you don't want to be holding paper gold, you want to be holding ACTUAL gold. This is what these banks are thinking.

It also sends a not-so-subtle signal to holders of "synthetic" or paper gold.

And yeah, it all ties in with sovereign nations attempting to repatriate their physical gold reserves in the last decade or so.

Some people know what's coming...

Investors and the rich are always looking for places to park their wealth, they try to beat inflation which slowly erodes that wealth. They look for investments which offer a greater return than cash, basically.

Government bonds don't have the same appeal as stocks do, for various reasons, mostly because they are not as fungible (not as easy to trade) and they don't have the profit margin that stocks can have when they boom.

The problem with precious metals (gold, etc.) is that there's really not enough to go around to account for the huge increase in other forms of wealth.

What we need to do is move away from the fiat USD king (bonds), away from Wall Street (stocks) and back towards MULTIPLE forms of real-world precious-metal like lithium, uranium, etc. (rare earths) and also things like pure fresh water.

Drinking water is a good example. It's going to become more precious and by backing a currency with resources like fresh water we can set an example.

China is working on it. Why do you think they almost possess Africa now. See lithium (cell phone batteries etc), most of it comes from Congo. And not only mining but buying vast farmland for products to import in China and export around the world. Those who follow all these, know there is a big change coming as wealth changes hands. China and India are the next big players.

4 JUNE 2018 ANALYSIS
Inside China’s move to monopolise cobalt

Through various arrangements, China already controls around 85% of the global supply of cobalt and is rumoured to be in the market for more; but what does this mean for the availability of a key commodity that has already rocketed in price by 260% since Jan 2016?

[link to www.mining-technology.com (secure)]

Last Edited by Ostria1 on 04/02/2019 07:43 AM

Gold jumped 12 dollars this morning.