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At King World News, GATA secretary discusses Basel 3's possible impact on gold
10:42a ET Saturday, June 26, 2021
Dear Friend of GATA and Gold:
Implementation of the "Basel 3" regulations on "unallocated" gold was the subject yesterday as King World News interviewed your secretary/treasurer, who expressed optimism that the regulations eventually might vaporize a lot of the imaginary metal that long has been suppressing prices.
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But your secretary/treasurer added that central banks seeking to continue gold price suppression easily might find ways around Basel 3 to sustain the "paper gold" business.
He speculated that the Basel 3 rules on unallocated gold may arise from an alliance at the BIS of the European Union, Russia, and China seeking to push back against U.S. imperialism, the primary mechanism of which is the dollar's control of the world financial system, gold being the only practical alternative to the dollar.
The interview is 15 minutes long and can be heard at KWN here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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