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.
Earlier this month, Governor Hutchinson of Arkansas signed Senate Bill 336 into law, ending the dubious practice of slapping precious metals buyers with sales taxes of nearly 10% in the Natural State.
