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Re: Zardiw post# 206731

Tuesday, 10/22/2024 10:40:03 PM

Tuesday, October 22, 2024 10:40:03 PM

Post# of 244254
Here we go, looking forward to seeing gold/silver ratio 32:1 as it was in April of 2011

Russia’s Central Bank to Acquire Silver Reserves
Russia’s Draft Federal Budget for the coming year includes plans for the nation’s central bank to continue adding gold, platinum, and palladium reserves and acquire silver for the first time.
OCT 18, 2024
https://www.numismaticnews.net/coin-market/russias-central-bank-to-acquire-silver-reserves

Russia's Silver Strategy Signals Global Economic Shift, Experts Warn
• 1d • 3 min read
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 Silver Academy, a leading authority on silver markets, suggests this decision could trigger a domino effect with far-reaching consequences for the global economy.

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 timing of this decision is particularly noteworthy, coming just before the BRICS summit and amidst ongoing global de-dollarization efforts. Little explains, "This strategic move, just before the BRICS summit, positions Russia to massively benefit from the ultimate silver squeeze, potentially impacting US Banks significantly."

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."
https://www.msn.com/en-us/money/markets/russias-silver-strategy-signals-global-economic-shift-experts-warn/ar-AA1sD0wi

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