Tom Evers at Accredited FX on Basel III and What it Means to Gold

The global banking fiasco has led to a tightening of the rules and banks must now hold more liquidity. This favors more gold buying and Tom Evers believes this will help us see big gains in the yellow metal over the coming months.
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Tom Evers
Basel Iii


San Jose - San Jose - Costa Rica

Nov. 7, 2012 - PRLog -- Everyone knows that the trouble in Europe is having far reaching effects and is far from over. Various measures have failed to solve the problems so far.

Enter Basel III, essentially an accord advising banks on the amount of capital they must hold to ensure both their solvency and stability.

"A combination of negative interest rates and the reality of the yellow metal becoming a real Tier 1 reserve asset will drive prices to an all time high in the year ahead" says Tom Evers, a Senior Broker at Accredited FX in San Jose, Costa Rica.

He goes on to say - "It's quite simple, central banks are accumulating gold in massive quantities due to Basel III and this will help the price rise substantially."

Silver is also likely to do very well in the coming year according to the research department at Accredited FX who are putting clients into trades in both metals


Disclosure: Both Tom Evers, Accredited FX and members of the trading team at the firm are holding gold call options

Accredited International provides Forex and commodity trading services to corporate and institutional investors throughout the world from their head office in San Jose, Costa Rica.

Accredited FX is the managed accounts division of the company and provides Forex and commodity trading to retail investors with minimum account balances starting at $5,000. Clients have access to one of the most sophisticated online trading systems available.

To open an account with Accredited FX, please visit our website at or call our client services team at +1 855 274 7539.

Follow us for up to date releases and news on the commodities and metals market on Twitter @accreditedfx

Forex trading involves substantial risk of loss and is not suitable for everybody. Only risk capital should be invested.
Source:Accredited FX - Press Office
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