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Bruce Pile: Basel III and gold

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Published : November 19th, 2012
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FOLLOW : Canada, Gata, Gold, Gold Market

 

 

 

 

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



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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.
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