“Given the dramatic levels of debt-financed spending by the federal government and the potential this could trigger an inflationary nightmare, ensuring America’s gold reserves are both secure and fully accounted for has never been more important,”
Surging inflation is currently hitting the United States - but it isn't the kind of inflation that many people believe it is. Inflation can arise from a number of different sources, and money creation is only one of the sources.
Here Are Some Big Mining Projects That May Never Make It…
Pascua-Lama, a massive gold-silver deposit owned by Barrick Gold, straddling the Chilean-Argentine border.
To maintain inflationary policy, as per various talking Fed (egg) heads, the hysterical run up in inflationary expectations and fears had to be tamped down.
Central banks around the world are well down the road toward development of digital currencies, so the timing of the current inflationary surge, as well as the Basel III regulatory change, is a little suspicious.
But even if this interpretation of the Basel 3 rules is correct, Basel 3 might not necessarily stop gold price suppression by governments and central banks.
But investors should ask themselves which asset classes represent real value at current prices and which have already been driven to extreme overvaluation by the Fed’s money printer.
