Continuing our investigation into the mysterious “Asian Guy” phenomenon, Part 2 looks at claims around Basel III regulations: how complying with these newer banking rules reportedly favor physical precious metals over paper positions and could affect silver markets. We note this has been a slow, multi-year process with no sudden rush to act—countering ideas of an immediate deadline. Importantly, Basel III focuses primarily on gold, not silver, so suggestions that banks will soon need to stockpile large amounts of silver don’t quite line up.
References:
- Bank for International Settlements – Basel III – building a resilient banking system
- Asian Guy Video – THEY PASSED IT: The New Banking Rule Starts Monday. (Alert)
