The landscape has changed Skol :
- about 60%f of the world's silver production comes from China , Mexico and Peru (guess who copped the biggest tariffs by the Don ?)
- the USA imports 80 % of it's silver most from these countries
- silver usage in the photovoltaic space has increased by about 64% in the past 12 months and is increasing
- Russia has committed to stockpiling Silver from now until 2027 along with gold and palladium
- BRICS nations are considering the same strategy to decouple from the US dollar
- Basel 3 is a reality , why do you think the central banks have been buying gold in unprecedented volume over the past 6 months ?
There is a silver squeeze coming within the next few years because all of these factors have not been in place in our lifetime .
Anyway it's not for me to educate you . After reading up on a few of these facts you may wish revisit your outlook , it certainly gave me a laugh.
None so blind as those who will not see.
A little bit more to consider .
"Jon Forrest Little, an analyst at The Silver Academy, describes the situation as "The Ultimate Squeeze," drawing parallels to historical events that reshaped global economics. "Russia's recent move to add silver to its state reserves alongside gold, platinum, and palladium marks a significant shift in its precious metals strategy," Little states.
The report from The Silver Academy highlights several key points:
- Historical Context: The move is compared to the 1973 Oil Embargo, with Russia exploiting control over a critical resource to exert geopolitical pressure.
- US Vulnerability: With the United States relying on imports for 80% of its silver needs, it's particularly susceptible to supply disruptions.
- Global Implications: As other countries potentially follow Russia's lead, we could witness an unprecedented setup for explosive growth in silver prices.
- Economic Strategy: The decision exposes vulnerabilities in the U.S. financial system, tracing back to the abandonment of the gold standard and the petrodollar system.
Little warns of the potential ripple effects: "The ramifications of this shift extend beyond mere price movements. A significant revaluation of silver could disrupt existing financial paradigms, challenging the dominance of fiat currencies and potentially accelerating the transition towards a multi-polar economic world order."Cheers
CB
