Russia has announced plans to add silver to its state reserves alongside gold, platinum, and palladium, a move that should further accelerate silver's emerging bull market.
Breaks free of the manipulation ? Bullion banks fall like dominos. Silver prices become fictional. That said the world around us becomes extremely ugly.
Yes, that will be fascinating and terrifying at the same time. I'd rather profit from something good like the cure for cancer or flying cars! But we need to play the hand we're dealt.
I have heard this announcement but I have not heard anyone questioning the reason they are announcing their intentions?
Russia doesn’t have to put this front and center. They don’t do anything without a reason. My question is what benefit does Russia derive from making this public announcement? That is the unanswered question.
My take. The western cartel punched Russia with their seizure of assets, and exclusion from the SWIFT system. Russia is punching back on many fronts, but this is a kick in the balls. A hit to the biggest weapon the US wields: the USD. The Russian announcement says, join us in replacing the USD with something universally loved and appreciated. Walk away from the US dollar.
Inflation adjusted adds a whole new dynamic. What that tells me is silver has been a terrible hedge against dollar devaluation! Maybe that explains either a) manipulation b) lack of interest as asset class to “insure” against dollar devaluation
C) ready to play catch up to reality.
And what about that Samsung battery technology? I think it was Samsung.
Develop as reported, usage of 1 kg per battery for ev. Not to phantom every other Li use. Hmmm
Clifhigh projects 600/oz moon shot when federal reserve fails to hold their stranglehold. Pie in the sky scenario imo.
But 100 is feasible after 50 firmly breached.
Patience grasshopper, the wheels are loose on fed wagon…
$50 is coming regardless. 2025 if not sooner.
Yes, that's what I believe as well.
Many multiples of that longer term.
Comex is breaking
Exactly - that's what the 50-year cup and handle pattern indicates.
Breaks free of the manipulation ? Bullion banks fall like dominos. Silver prices become fictional. That said the world around us becomes extremely ugly.
Yes, that will be fascinating and terrifying at the same time. I'd rather profit from something good like the cure for cancer or flying cars! But we need to play the hand we're dealt.
I have heard this announcement but I have not heard anyone questioning the reason they are announcing their intentions?
Russia doesn’t have to put this front and center. They don’t do anything without a reason. My question is what benefit does Russia derive from making this public announcement? That is the unanswered question.
Yes, that's a great point. I don't know why they announced it. I will looking into it further.
My take. The western cartel punched Russia with their seizure of assets, and exclusion from the SWIFT system. Russia is punching back on many fronts, but this is a kick in the balls. A hit to the biggest weapon the US wields: the USD. The Russian announcement says, join us in replacing the USD with something universally loved and appreciated. Walk away from the US dollar.
Inflation adjusted adds a whole new dynamic. What that tells me is silver has been a terrible hedge against dollar devaluation! Maybe that explains either a) manipulation b) lack of interest as asset class to “insure” against dollar devaluation
C) ready to play catch up to reality.
And what about that Samsung battery technology? I think it was Samsung.
Develop as reported, usage of 1 kg per battery for ev. Not to phantom every other Li use. Hmmm
Clifhigh projects 600/oz moon shot when federal reserve fails to hold their stranglehold. Pie in the sky scenario imo.
But 100 is feasible after 50 firmly breached.
Patience grasshopper, the wheels are loose on fed wagon…
Yes, I agree with points a, b, and c.
I would also argue that times have still been pretty good and stocks and housing have beeb soaring, etc.
I expect precious metals to really come into their own once the global debt bubble bursts and the financial reset happens.
It's a good thing that silver and gold haven't soared yet! I'd rather not live out that scenario, but I'm afraid it's ahead.