Afternoon everyone….
This email from Apmex spurred my curiosity. So I did a little searching. This is one of the articles that I read from
Rmegold.
This is quite interesting for stackers…..
A Hidden War for Economic Dominance
While the world has been focused on the geopolitical tensions between China and the West, a more subtle battle has been unfolding in the global financial markets. China, through a series of calculated moves, has been quietly accumulating vast quantities of gold and silver. This move has signaled a potential shift in the global economic landscape and highlights the developing countries’ need for exorbitant amounts of resources.
Silver: China’s Secret Weapon
In addition to its gold hoarding, China has also been strategically increasing its silver reserves. The Shanghai Metals Exchange has seen a significant surge in silver trading volume, with prices consistently higher than those on Western exchanges. This suggests that China may be deliberately driving up the price of silver to drain the West’s resources.
China has a silver stockpile of 71,000 metric tons. America is seventh on the list of silver stockpiles with only 23,000 metric tons.
Peru, because it is “the silver-producing powerhouse,” is in first place with silver reserves of 98,000 tons. China is next, followed by Poland (65,000 t0ns), Russia (45,000 tons), Australia (27,000 tons), and Chile (26,000 tons).
The Post article points to the possibility of a silver squeeze similar to the one in 1979-80 that sent prices racing to new highs: “If investors begin to panic and rush to buy silver, the price could skyrocket, causing significant disruptions to the global economy.”
Author and commentator Doug Casey says he’s very bullish on silver based on its technological applications and the relatively small size of the silver market. “When gold really gets underway,” he says, “silver could easily go to $200 an ounce.
If Samsung’s recent breakthrough in silver solid-state batteries matures, we think that price estimate is woefully low. One analyst forecasts that the Samsung technology will deliver a battery with a 600-mile range and a nine-minute charge. It would, he estimates, require as much as one kilogram of silver per vehicle.
If you own silver, you may want to add to your position. If you wish you owned silver, or are thinking about owning silver someday, we advise you to wait no longer.
Find out more about profit and personal protection opportunities with silver by contacting an RME precious metals specialist today.
