Bank For International Settlements Making Gold Money: Gold 4 Cash Advertise Central Banks
What makes the current situation in gold and silver so transparent is the narrative behind the markets. While the price propaganda in the markets tells potential buyers to stay away, The Basel Committee for Bank Supervision, part of the Bank for International Settlements, considers making gold a Tier 1 capital asset for commercial banks up from a Tier 3 asset.
The BCBS is a financial roundtable for a host of nations, who through this committee meet and devise world banking policies. From the BIS website:
The Committee’s members come from Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Hong Kong SAR, India, Indonesia, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States.
This Committee is now moving many of the world’s nations, in a coordinated manner, into using gold as tier 1 capital, which would then make it a core measure of a bank’s financial strength from the point of view of a would-be regulator – you know, provided said regulator was not easily bought-off by fiat currency. Move on over common stock and cash reserves, for gold is joining you as de facto money of the kings.
Of course, as central banks have been buying up tones of gold, this news really comes as no surprise. For, central banks act on insider information designed to enable them to work in as much of a coordinated manner as possible. This has been the plan all along: Gold 4 Cash signs flash neon courage outside the world’s central banks, while these same central banks abet fraud in the price discovery of the precious metals through price suppression. Everyday people succumb to Cash 4 Gold, forfeiting Tier 1 capital for the instant buzz of fiat buds, a short-lived high.