Central Banks are Creating a New Silver Reality

Miles Harris provides some detailed analysis of the Basel III changes coming to financial transactions worldwide. Already postponed twice, the implementation is likely to have negative effects on the established trading practices in which sleight of hand was the common mechanism for profit enhancement. The tokenization system will render "flexible funding" impossible to maintain, thus making trades in commodities require either cash, physical metal, or long term funding in place to make transactions. Paper silver positions will disappear.