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Basel 3 to trigger 'liquidity squeeze,' gold price could be $2,100 by year-end, Goldex CEO says
By Anna Golubova
Kitco News, Montreal
Tuesday, June 22, 2021
The risk with Basel III is a major shift toward allocated gold, which could trigger a liquidity squeeze in the physical metal and lead to higher prices by the end of the year, according to Goldex CEO Sylvia Carrasco.
The impact of the Basel III agreement, which will come into force on June 28, for European banks and on January 1, 2022, for British banks, is being debated by many gold industry experts, with opinions ranging from "everything will change" to "no impact at all."
... Dispatch continues below ...
Asante Gold Acquires Key Exploration Land
on Ashanti and Asankrangwa Gold Belts in Ghana
Company Announcement
via Globe Newswire, Omaha, Nebraska
Friday, May 28, 2021
VANCOUVER, British Columbia, Canada -- Asante Gold Corp. (CSE: ASE / Frankfurt: 1A9 / U.S. OTC: ASGOF) reports that it has received notice from the Minerals Commission of Ghana that eight highly prospective concessions covering approximately 314 square kilometers have been recommended for transfer to Asante.
These licenses are comprised of the Diaso (104.1 km2), Juabo (59.2 km2), Manhia (18.69 km2), Dunkwa Gyimigya (32.72 km2), Gyimigya (5.52 km2), Agyaka Manso (40.0 km2), Amuabaka (28.86 km2), and Nkronua-Atifi (24.97 km2) prospecting licenses. All licenses are being acquired as issued by the Minerals Commission from Goknet Mining Co. Ltd. pursuant to the terms of agreement with Goknet dated December 28, 2016.
The concessions were variously explored by Canadian exploration juniors Nevsun Resources, Tri-Star Gold, and Golden Rule Resources in the late 1990s and most recently by PMI Gold Corp. (now Galiano Gold) from 2002 through August 2014, when rights to the land were acquired by Goknet. ...
... For the remainder of the announcement:
https://www.globenewswire.com/
Carrasco is in the camp that sees many people underestimate the impact of Basel III on the gold market.
"Basel III will affect the gold price more than many people believe. The spot price will definitely go up," Carrasco told Kitco News. ...
... For the remainder of the report:
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