Alisdair McLeod on Basel III

Finance and economic expert Alasdair Macleod says a new rule change at the Bank of International Settlements (BIS), aka the central bank of central bankers, is going to help drive the price of gold and many other commodities higher.

The new rule is called “Net Stable Funding Requirement” (NSFR). It goes into effect by the end of June in Europe and by the end of the year in the UK where the London Bullion Market Association (LBMA) operates the biggest gold trading platform in the world.

The short story is this new BIS rule is going to stop paper contracts from conjuring supply of gold, silver and many other commodities out of thin air.

From Greg Hunter’s USA Watchdog:

We Are at the Top of the Bubble – Alasdair Macleod