Maguire construes the Basel III regulations as an attack on the "paper gold" mechanism of gold price suppression, a trigger for an upward revaluation of gold, and thus an attack against the domination of the currency markets by the U.S. dollar.
With stocks riding an extreme deluge of Fed money printing, selloffs are minor and far between. But are these seemingly-perpetual gains to endless lofty record highs justified fundamentally?
All indications point to another gold run amid rising geopolitical tensions, tighter supply, central bank gold buying, low interest rates, negative real yields, and what could be the most inflationary period in decades.
Prior to yesterday’s receipt of the Commission’s response, I would have had to count the agency as on the side of the 4 big shorts, but now, I’m not so sure.
Unfortunately the world’s ecological balance has not been right for a very long time. As a society, we are consuming resources far more quickly than we are replacing them, which is the very definition of unsustainable.
The difference between physical gold investing and ETF investing was stark in the first quarter 2021 according to the World Gold Council’s Gold Demand Trends data released last week.
The bullion banks work off of flow and not stock. Therefore, COMEX gold is subject to the same pressures and squeeze potential as COMEX silver.
Maybe next time, the hashtag should be #GoldSqueeze?
