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Bruce Pile: Basel III and gold

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Published : November 19th, 2012
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Category : Central Banks

 

 

 

 

Market analyst and fund manager Bruce Pile argues today that the Basel Committee on Banking Supervision, a division of the Bank for International Settlements, is, with its "Basel III" banking rules, gradually returning gold to its role as international money and that this will increase demand for gold among banks everywhere. Pile seems to have been following GATA's work, what with his reference to the report written about the BIS by Edward Jay Epstein in Harper's magazine in 1983 and often cited by GATA:

http://www.gata.org/search/node/Edward+Jay+Epstein

Pile's commentary is headlined "Basel III and Gold" and it's posted at Seeking Alpha here:

http://seekingalpha.com/article/1016161-basel-iii-and-gold



Join GATA here:

Vancouver Resource Investment Conference
Sunday-Monday, January 20 and 21, 2013
Vancouver Convention Centre West
Vancouver, British Columbia, Canada
http://www.cambridgehouse.com/event/vancouver-resource-investment-confer...

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Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

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To contribute to GATA, please visit:

http://www.gata.org/node/16

 

 

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
WebsiteSubscribe to his services
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