Basel III could change everything—removing paper gold manipulation and bringing physical gold back into the heart of the global system. Frank Giustra says July 1 could mark a turning point in the global financial system—and your money isn’t safe if you’re not prepared.

Basel III and the Re-Monetization of Gold

The most pivotal development at the heart of this conversation is Basel III, a set of banking regulations introduced by the Bank for International Settlements after the 2008 financial crisis. One critical change under Basel III is the reclassification of gold from a “Tier 3” asset to a Tier 1 asset on bank balance sheets. While that may sound technical, the implications are profound.

Under current rules, U.S. banks can only count a small fraction (approximately 15%) of their gold holdings as collateral. But with Basel III’s implementation, gold would be treated the same as cash or U.S. Treasuries—backed at full market value. According to Frank Giustra, this move will legitimize gold as real money in the financial system once again.

A Massive Shift Already Underway

While many mainstream voices continue to ignore or dismiss this shift, Giustra points out that the world’s largest financial institutions are already preparing. In fact, hundreds to thousands of tons of physical gold have reportedly been moved into U.S. vaults in anticipation of the Tier 1 change. As Taylor Kenney notes, this is not speculation; it’s a strategic repositioning of assets ahead of what could be a historic financial reset.

Why the Dollar’s Supremacy Is at Risk

Giustra and Cambone both emphasize that reclassifying gold as a Tier 1 asset could erode the perception of the U.S. dollar as the world’s safest currency. Once gold and the dollar are recognized equally as top-tier financial assets, the illusion of the dollar’s unmatched safety begins to crack. This could accelerate the global reset, shifting confidence toward assets with no counterparty risk—namely, physical gold.

Moreover, as countries and institutions lose faith in the dollar, alternatives such as a BRICS currency, a basket of assets, or even gold-backed settlement systems could rise in prominence. Giustra suggests we may soon see gold reintroduced into the global monetary system not as currency, but as the ultimate settlement tool between nations.

Gold’s Price Trajectory and Suppression Ending

The impact on gold prices could be explosive. Since the Basel III framework entered its final stage in 2023, the spot price of gold has already surged more than 60%. And this may just be the beginning. Giustra references some projections estimating gold could reach $20,000 to $50,000 per ounce.

This isn’t wishful thinking. Basel III also introduces a rule called the Net Stable Funding Ratio (NSFR), which limits the use of paper gold contracts and makes it much harder for banks to suppress gold prices through unallocated trading. The financial system is being rewired to require physical gold to back transactions—not synthetic derivatives.

The War on Cash and Digital Control

But the shift doesn’t stop at gold. As Giustra warns, the war on cash is intensifying. Recent ATM blackouts in Spain and Portugal occurred shortly after those governments implemented limits on withdrawals. Taylor Kenney and Cambone point out how this conveniently aligns with the rollout of Central Bank Digital Currencies (CBDCs) around the world.

The official narrative? To fight money laundering and tax evasion. The real motivation? Control. Once your money is fully digitized and centrally controlled, every transaction can be tracked, taxed, and restricted.

As Giustra puts it, this isn’t about preventing the next crisis—it’s about managing the public through it. He believes the system is being prepped for a major event, and the average person will be left to fend for themselves.

Prepare While You Still Can

The message is clear: protect yourself before the reset hits full speed. There will be no bailouts for individuals when the next crisis hits. If your wealth is tied up in dollars or tracked assets, your options will be limited. But physical gold stands apart—private, untraceable, and historically reliable during monetary transitions.