POL polymetals resources ltd
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Russia's Silver Strategy Signals Global Economic Shift,

  1. MalcolmD
    846 Posts.
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    24/10/24
    08:20
    Post #: 76273536
    In a move that could reshape the global precious metals market, Russia has announced plans to add silver to its state reserves, joining gold, platinum, and palladium. This strategic shift, outlined in the country's Draft Federal Budget, proposes an annual allocation of 51.5 billion rubles for precious metals purchases through 2027.
    The move is compared to the 1973 Oil Embargo, with Russia exploiting control over a critical resource to exert geopolitical pressure.


    https://www.jpost.com/business-and-innovation/precious-metals/article-825455

    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."The Silver Academy's report suggests that this move could be a game-changer for the precious metals market. "As the BRICS nations continue to explore alternatives to the dollar-centric financial system, including the possibility of a commodity-backed currency, silver's role could become even more pivotal," Little concludes.As global economic tensions continue to simmer, all eyes will be on the silver market and Russia's next moves in what could be a transformative period for global finance.
    POL Price at posting: 56.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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