SD Midweek Update: People think Basel III will be “good for gold”, maybe even a “game changer”, but Basel III will actually be “bad for gold”. Here’s why…
No, it’s not.
Good for gold.
Basel III isn’t at all.
It would be an honor.
If I could explain it to you.
Basel III is not good for gold.
As in more road.
You know, for cans.
‘Cause they still kickin’.
And that is the first point.
Globalists just kicking the can.
Basel III buys the evil bastards time.
The root of the matter is accounting magic.
Reclassification of certain assets for member banks.
The BIS member banks list reads like a who’s who of nations:
And what’s going on around the world as the major central banks play the blame game with each other?
If you said financial market turmoil, economic collapse, recession, depression and worse.
Well then, you’ve just won yourself a central bank-baked gookie cookie.
It doesn’t matter that you’re lactose intolerant.
You won’t be needing milk.
Now, why is it important that Basel III essentially reclassifies certain assets of member banks?
The BIS has essentially made it easier for nations to keep borrowing and going into debt.
You see, when your nation’s imploding and the sheeple have discovered pitchforks.
Your nation is going to need a whole bunch of cash to squash that rebellion.
And just look over there, the BIS would be happy to float you some cash.
Just sign here, and use your Tier-1 asset gold pledged as collateral.
In other words, the BIS is enabling the credit bubble to go on.
Crisis will be put off a little, and funds will be fed into crisis.
The BIS also gets to steal a crap-ton of sovereign gold.
When those nations are unable to pay their debts.
Which will be every single nation in the world.
Not just the member, reporting BIS nations.
Because every nation uses pure trash.
In place of real money, gold & silver.
We know all fiat currencies die.
Basel III is like life support.
Only, it’s not treatment.
They care less.
It’s more like keeping the patient alive just long enough to harvest a kidney, then a lung, then the face, and so on and so forth, until the patient is dead and the evil bastards running the banks and the governments are walking around with new vital organs, and not just feeling like a million bucks, but literally, walking around with a million bucks too.
There’s a point here.
But everybody’s missed it.
I’m not sure why everybody misses it?
But for some reason I haven’t heard it yet.
This Basel III talk has one fatal flaw – assumption.
When people talk about Basel III, they assume one thing.
People actually assume the BIS works to do good in the world.
People who hold that assumption pathetically amuse me.
You must understand that the BIS & its people are evil.
That said, why would pure evil ever do something?
Good for the people’s savings and wealth?
Not a dang chance in hell they would!
The only point to Basel III is this.
Evilness just gets more time.
To steal from every nation.
Especially their gold.
That, is Basel III.
Good for gold?
Not for now.
It will be.
OK, “Hey Half Dollar, you are an idiot, and you just proved you are when you said Basel III won’t be good for gold, because, if that’s the case, then tell us, smart ass, just how do you explain what we saw in 2018, when central banks around the world went on a gold buying frenzy in preparation for Basel III?”.
To the nads?
That’s a good one.
Your question that is.
Not the kick to the gonads.
So let’s think about it, shall we?
But first, I’d like to tell you a story.
I knew the hot girl in school one time.
When I got around her, my palms sweat.
My heart would start beating a little bit faster.
And one day I found out she had a thing for me.
And I began to act like a bad ass afterwards.
Because I was, well, she was the hot girl.
I started working-out to look tough.
And I bought a set of weights.
And also protein shakes.
I was spending cash.
And looking tough.
So you’d think.
Now that I’m, well, you know, she is the hot girl in school, so that’s “good for exercise equipment” and “good for dietary supplements” because of my newfound activities in search of bad-assery.
It’s not like that.
It may seem like that.
But that’s not the reason.
The reason is well, the boyfriend.
The girl melted for me over that loser.
He’s big & bad, and he could kick my ass.
Tryin’ to get swole had nothing to do with me.
This also had nothing to do with her, but with him.
And that’s just like all of these nations stacking gold.
It really has nothing to do with implementation of Basel III.
It has to do with the fact that nations are protecting themselves.
What are nations protecting themselves from that’s got them buying gold?
Nations are afraid that when the US dollar is killed, it doesn’t go down quietly.
Instead, the dollar will look to take-out as many with it as it possibly can take-out.
If accounting methodology changes at the Bank for International Settlements.
Gold that nations have been buying lately wasn’t purchased for that reason.
I mean, would you pledge your nice gold chain to the local drug dealer?
So he can give you a loan for fifty-bucks, you know, for gas money?
So you can drive across town and meet-up with the hot girl?
Of course you wouldn’t, because at the end of the day.
You ain’t gettin’ your nice gold chain back from him.
And if you keep on insisting, he’ll get real mad.
And you don’t want to make him real mad.
Because, well, he’ll unleash the dogs.
So you’ve just given-up your chain.
Got one more one-night stand.
But it was drunk & sloppy.
And now, it’s all over.
Ain’t got no gas.
The girl left.
It takes 85 ounces of silver to buy one single ounce of gold:
Buying only silver now can translate into free ounces of gold when the GSR bottoms-out after the bull run in gold & silver.
Gold is treading water above $1320:
I think the break-out above $1375 will come sooner than later, especially since everybody’s talking about a pullback.
I said I thought the cartel would keep silver pinned between $15 and $15.50:
It does look, however, that the range is even tighter, more like $15.25 to $15.50.
Palladium has breached $1500 to the downside:
I think a test of $1470 could be in the works this week before heading higher.
Platinum is still attempting to cost more than some pre-nastied Gucci shoes:
I think we could get there by the end of the week.
Copper is looking to test resistance at $2.90:
We’re also riding the 50-day as support, so I think we’re looking good here.
Crude oil has poked its head above $60:
I blew my crude oil call last year, but I’m still looking for high $70s sometime this Spring/Summer.
The stock market is going to crack soon:
I think we break to the downside because there’s not much time to ramp-it to all-time highs before the Deep State/globalists bring-on max pain.
Although we’re not seeing any spikes in the fear gauge:
Of course, maximum complacency is just as good as one final ramp-job in the stock market, and at this point, it’s more profitable for the evil bastards too.
Yield on the 10-Year Note has been plunging:
We have a lot further to fall in the short term too because the stock market hasn’t resumed it’s decline.
I’ve gotta admit, the way the evil bastards have played US dollar pinball between 96 and 97 is impressive:
What will be more impressive, however, will be the speed at which the dollar starts plunging.
Because that’s what Basel III & gold is all about – protection from the US dollar collapse.
So let’s not get our hopes up for a game-changer in the gold market with Basel III.
Much in the same way many-a-hope was up with the launch of the petro-yuan.
Like there were high-hopes with the launch of the Shanghai Gold Exchange.
The game change is in-fact coming, but it won’t take place during calm.
Oh no, because the BIS and member nations won’t do for gold.
Anything that is “good for gold”, and anything done for gold.
Will be done under torch-light, at the point of a pitchfork.
Only after the sheer fear kicks-in on the evil bastards.
Because, well, there will be hell for them to pay.
For all that they have done to the people.
Only, the people are sheeple at best.
And mindless zombies at worst.
But once the panic kicks-in.
Well, don’t get in front.
Of that angry mob.
Best to sit back.
Dust to settle.
– Half Dollar
About the Author
U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.