RE: Silver mine21 Oct 2024 11:17
Https://www.jpost.com/business-and-innovation/precious-metals/article-825455
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,"