by Jon Forrest Little, Silver Seek:
This is Why Silver Price Doubles: Russia’s Metal Maneuver Alarms Western Banks
Russia’s Silver Shift Signals Economic Warfare. Silver Poised to Double in next 6 months.
Context: I have been involved in the Reddit SilverSqueeze movement since it started.
I write this earnest post with no disrespect for the “so-called” Apes, but NOTHING THE US Retail APES CAN DO CAN COMPARE TO WHAT RUSSIA IS launching
TRUTH LIVES on at https://sgtreport.tv/
THE ULTIMATE SQUEEZE
more context and historical comparisons:
The 1973 Oil Embargo and the NEW silver squeeze by Russia share some similarities.
In both cases, a dominant supplier exploits control over a critical resource to exert geopolitical pressure.
Just as OPEC nations leveraged their oil reserves against the US and its allies, Russia has now turned the tables knowing US banks are shorting silver in an environment that is nonsensical.
PLUS, Russia’s significant silver production comes into play. ( A story we will be continuing)
With the US relying on imports for 80% of its silver needs, it’s vulnerable to supply disruptions, much like the oil-dependent nations in 1973. The Russian silver squeeze will cause Silver soaring mirroring the effects of the oil crisis
Both scenarios demonstrate how control over a vital commodity can offset traditional power dynamics, allowing a resource-rich nation to punch above its weight in global affairs
Russian economist Sergey Glazyev, known for proposing the gold-for-oil exchange, has successfully achieved the triumphant victory.
He has successfully advised Russia to capitalize on silver’s undervaluation relative to gold. This strategic move, just before the BRICS summit, positions Russia to massively benefit from the ultimate silver squeeze sticking it to US Banks.
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.
This decision, outlined in the country’s Draft Federal Budget, proposes allocating 51.5 billion rubles annually for precious metals purchases through 2027. The inclusion of silver in this strategy is particularly noteworthy, as it represents a departure from traditional central bank practices.
This strategic shift carries profound implications, especially when viewed through the lens of historical East-West tensions. The legacy of the Cold War, détente, the Iron Curtain, and America’s long-standing paranoia over communism have shaped global economic policies for decades. Now, as Russia moves to diversify its reserves, it exposes a vulnerability in the U.S. financial system that traces back to the abandonment of the gold standard and the petrodollar system.
The United States, having lost both gold and oil backing for its currency, now relies heavily on its global military presence to maintain the dollar’s dominance. With hundreds of military bases worldwide serving as the primary bulwark for the U.S. dollar, America’s economic strategy appears increasingly precarious in the face of evolving global financial dynamics.
Russia’s decision to incorporate silver into its reserves will likely trigger a domino effect among other nations, particularly in the context of dwindling global silver inventories.
This potential trend becomes even more significant when considering the United States’ historical neglect of silver, exemplified by its removal from circulation coinage. As other countries potentially follow Russia’s lead, we could witness an unprecedented setup for explosive growth in silver prices. – Silver Academy’s Jon Forrest Little
The timing of this shift is particularly crucial, coinciding with the upcoming BRICS summit and the ongoing global de-dollarization campaign. As emerging economies seek alternatives to the U.S. dollar-dominated financial system, silver could emerge as a key player in reshaping international reserves.
The potential for a dramatic increase in silver demand from central banks and governments could create a perfect storm in the silver market. With industrial demand for silver already robust due to its critical role in green technologies and electronics, additional pressure from national reserves could lead to severe supply constraints. This scenario is further compounded by the fact that silver is often produced as a byproduct of other metal mining operations, making rapid increases in supply challenging.
Moreover, the psychological impact of major economies embracing silver as a reserve asset could fundamentally alter market perceptions. Investors and institutions that have long overlooked silver in favor of gold might be compelled to reassess their strategies, potentially triggering a surge in investment demand.
