Why is the media not talking about this revolution. This year 2019 Basel 3 will be in force. What does that mean. It will change the world. Basel 3 means that the Zurich Gnomes under BIS or Bank of International Settlement rules will revalue physical gold from a Tier 3 asset to a Tier 1 asset. This means a doubling in the value of physical gold. Under Tier 3 status physical gold was only allowed to be valued at 50% of its value on the books of Central Banks. Gold will now be valued at 100% again. This has not changed since 1971 when Nixon cut the US Dollar loose from the Gold Standard. It means that Gold, Physical Gold is real money again as far as Central Banks are concerned. It means Gold will be held once again as a hedge against Fiat currency by Central Banks. 2019 may be a watershed, rig for stormy weather. This is a huge story and no one is talking about the ramifications.
[crushthestreet.com]