Gold market watchers have become increasingly interested in Basel III this year, but what exactly is it and what does it mean for the yellow metal? Stuart Englert, veteran journalist and author of a number of books, including “Rigged: Exposing the Largest Financial Fraud in History,” shared his thoughts. “If the rules are fully implemented and adhered to, (Basel III) could end precious metals manipulation, increase physical demand and boost the gold price. If that happens, who wouldn’t want to hold gold?
Especially as currencies lose purchasing power through inflation,” he told the Investing News Network.
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