#Basel3 #LBMA #BOE #gold #silver #unallocated #leverage #manipulation #paper #silversqueeze
Not surprisingly the Bank of England's PRA or Prudential Regulatory authority has given the London-based bullion banks an exemption as far as Basel3 rules for unallocated gold is concerned.
Our take is that if one is a believer in sound money the fundamentals for accumulating physical gold and silver do not change and if anything it gives us more time to do so.
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