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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$2,000 and much higher: it’s not an “if” question but a “when” question for gold because it’s destined to break through new resistance levels, just as it has always done in the past. Still, it’s understandable that people want to how long it will be and how far it will go.
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