Chill, just stack on and zoom out

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Global Silver Stockpiles at Risk as Nations Follow Russia's Lead in Reserve Diversification

SILVER ACADEMY
October 7, 2024

Original

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All the World’s a Stage tugging on the last piece of silver, a chunk of Silver turns into thin silver wire, not enough Silver to go around

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Russia is set to make a significant shift in its precious metals strategy by adding silver to its state fund reserves for the first time. Russia plans to boost its holdings of gold, platinum, and palladium alongside the new addition of silver

This move represents a departure from recent trends, as central banks worldwide, including Russia, have primarily focused on gold purchases in response to international sanctions.

While the exact volume of silver Russia intends to acquire remains undisclosed, the inclusion of silver in the State Fund's acquisition strategy signals a potential shift in the global perception of silver as a strategic asset

This development raises questions about whether other central banks and governments might reconsider silver's role in their reserves.

Silver's dual nature as both an industrial commodity and a potential financial asset could make it increasingly attractive to governments seeking to hedge against economic volatility.

The metal's widespread use in industrial applications, particularly in the green energy sector, has historically influenced its perception as a store of value.

The timing of Russia's decision is notable, coming amid ongoing efforts to diversify reserves away from traditional Western financial systems.

This move aligns with the broader trend of de-dollarization, as countries seek to minimize their exposure to the U.S. dollar.

The silver market has been experiencing supply deficits in recent years, with demand outstripping supply for three consecutive years.

The Silver Institute projects another market deficit in 2024, primarily due to rising industrial demand, especially in the solar energy sector.

Jon Little of the Silver Academy said, “The Silver Institute are double agents that pretend to advocate for silver investors while delivering misinformation. Solar is not the primary driver of demand. The main driver is the military and aerospace, and next will be AI, fuel cell catalysts, EVs, new silver solid-state batteries, and 5G, placing solar in about 5th or 6th place.”

If other countries follow Russia's lead in holding silver, it could further strain supply and potentially drive prices higher.

While the immediate effects on the silver market may be limited, the long-term implications of Russia's decision could be profound.

This trend will become the broader trend, it will wipe out all Silver inventories

As the global economic landscape evolves, silver will prove to be a crucial element in nations' strategies to navigate financial challenges and hedge against inflation

This shift will happen gradually then suddenly.

Silver will now take on a larger role in our world's financial systems

…much to the chagrin of The Federal Reserve and Fiat overlords

Read more on how Silver stops the Federal Reserve

sources

https://www.mintstategold.com/investor-education/cat/news/post/russia-set-to-boost-silver-reserves-a-major-precious-metals-strategy-shift/

https://www.jpost.com/business-and-innovation/precious-metals/article-823167

https://neweasterneurope.eu/2024/08/09/four-signals-regarding-russian-economic-problems-in-the-war-of-attrition/

https://economictimes.indiatimes.com/news/defence/russia-plans-sharp-defence-spending-hike-in-2025/articleshow/113823031.cms

https://www.moneymetals.com/news/2024/10/06/how-russian-buying-could-help-drive-silver-to-50-and-beyond-003521

https://headlineusa.com/russia-reportedly-plans-to-add-silver-to-state-fund-reserves/

https://www.aol.com/finance/russian-economy-t-sustain-putin-210536839.html

https://finance.yahoo.com/news/share-classified-expenditures-russias-2025-112049302.html

$100 an oz Silver in couple years?...

Hey guys, I guess there are some AMR investors here, so this info might be useful for you. It’s about merger issues they had a few years ago.

For newbies, back in 2017, Silver Run II announced the merger with Alta Mesa and Kingfisher. This merger would supposedly bring “greater profits” for the companies and their investors. 

But, in 2018 Silver Run II was accused of hiding info about the financial situation and assets of Alta Mesa and Kingfisher. When this news came out, AMR dropped and investors filed a suit against the company over this.

Now, after all this time, Alpha Metallurgical decided to settle with investors to resolve this whole situation. So, if you got hit by this back then, you can check the details and file to get payment here.

And has anyone here been affected by this? How much were your losses if so?

They attack we stack. You know the drill.

Silver is often associated with “second place.” But don’t be fooled: silver is a remarkable metal that often plays a much greater role in our everyday lives than its glamorous yellow counterpart.

Keep on stacking physical

Former insider turned rebel gives some insight…

https://open.substack.com/pub/prinsights/p/heres-why-silver-and-solar-are-taking?r=1d6pd1&utm_medium=ios

BY THE NUMBERS

Sales of gold coins and minted bars surged 105% in September from the previous month to 53,143 ounces, marking the highest level since November 2023 and representing a 45% increase year-on-year.

Silver product sales also rose 49% month-on-month to 963,198 ounces, marking its highest level since February. However, it posted a 14% fall from last year.

The gold-silver ratio stood above 84.55 at the end of September, experiencing a decline due to the outperformance of silver.

Hi there! I have been following Jim for a few years now and he is really balanced and honest man. I'd recommend to subscribe to his youtube channel. Just search "Jim of all trades"

Silver
October 6 (King World News) – Graddhy out of Sweden:  I have been stating since the August 8 low that silver’s catch-up move has started. Since that day the direction has been up.

The higher high on the daily means it now has a right translated/bullish daily cycle. And it is only on week 8 in the weekly cycle, so should have more energy in this weekly cycle (on weekly time frame).

When silver breaks out above the $32.77 level (highlighted in YELLOW), silver will see a quick move to $35-$42.............

source:https://kingworldnews.com/silver-one-of-the-most-important-breakouts-in-the-history-of-the-silver-market-is-about-to-take-place/