by Jon Forrest Little, Silver Seek:
Russia’s recent move to temporarily ban the export of precious metals waste and scrap is a significant development in the ongoing economic war between East and West. This decision, following China’s long-standing practice of retaining its gold and silver, signals a shift in global commodity dynamics that could have far-reaching consequences.
As predicted by Jon Forrest Little of Silver Academy months ago, strategic nations like Russia and China are now taking steps to prohibit the export of crucial metals. This move is not just about waste and scrap; it’s the beginning of a larger trend that could reshape the global economic landscape.
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The East, led by Russia’s commodity wealth and China’s manufacturing prowess, is positioning itself to gain the upper hand. By keeping these valuable resources within their borders, they’re strengthening their economic foundations and challenging the U.S. dollar’s dominance.
Many Western financial experts, clinging to the belief in the U.S. dollar’s supremacy, dismissed these predictions. However, as events unfold, it’s becoming clear that the commodity-rich nations of the East are playing a long game that could ultimately tilt the economic balance in their favor.
This development serves as a wake-up call for those who underestimate the strategic thinking of Eastern powers. As the global economic chessboard evolves, it’s crucial to recognize that big changes often start with seemingly small moves
The amount of silver and gold that can be recycled from various sources varies widely, but here are some estimates:
- Solar panels contain approximately 217.7 grams to 403.9 grams
- An average solar panel could yield between 7 to 13 troy ounces of silver.
- With the photovoltaic industry now consuming about 12% of the world’s silver supply annually, this represents a significant recycling opportunity.
- Electronics like laptops and mobile phones contain small amounts of precious metals.
- A typical mobile phone may contain about 0.034 grams of gold and 0.35 grams of silver.
- Laptops have higher amounts.
- Silver tableware, plates, vessels, and artifacts can contain substantial amounts of silver by weight ratios, often 80% or more pure silver by weight.
