An important event happening on Monday that I have been following for awhile - the implementation of the Basel III rules where Gold changes from a tier III asset to a tier I. This ends the rehypothecation of gold, which is needed to manipulate prices on the paper market. It's going to be interesting to follow up with these events on Monday and at the comex; there could be some clearing houses that go bust as soon as the rules go live as they weren't able to cover their position in time (which they had 7 years to do).
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This for gold only or are other precious metals included?
This should be for both silver and gold unallocated accounts.
Only gold iirc
Thanks. Not very financially saavy but I hold physical gold and silver.