Silver Reserves.
1. 🇵🇪 Peru 140k 21.9%
2. 🇦🇺 Australia 94k 14.7%
3. 🇷🇺 Russia 92k 14.4%
4. 🇨🇳 China 70k 10.9%
5. 🇵🇱 Poland 61k 9.5%
6. 🇲🇽 Mexico 37k 5.8%
7. 🇨🇱 Chile 26k 4.1%
8. 🇺🇸 United S 23k 3.6%
9. 🇧🇴 Bolivia 22k 3.4%
10. 🇮🇳 India 8k 1.3%
11. 🇦🇷 Argentina 6.5k 1.0%
12. 🇨🇦 Canada 4.9k 0.8%
Gold important, but Silver will ultimately decide who wins in the manufacturing sector, among others. The U.S. sold off their Strategic Silver supply in the early 80’s....you can still find 10 and 100 oz bars stating they are from our Reserves.
Trump has ALOT of catching up to do. He did nothing when the bankers continuously shorted and manipulated Silver down, enabling China and India to take massive deliveries at very low prices. If he doesn’t audit our Gold reserves ( as promised) it will be another huge mistake.
Footnote: Five Central Banks are now buying and stock piling Silver. Saudi Arabia, Russia, Singapore, China,....historic.
AI:
“Central banks are increasingly buying silver to diversify their reserves, a shift from their traditional focus on gold. This trend is driven by factors such as economic uncertainty and the rising demand for silver in industrial applications.
El Pais BBC
Central Banks Purchasing Silver
Current Buyers
Several central banks have recently begun to diversify their reserves by purchasing silver:
Russia: The Russian central bank has increased its silver holdings as part of a strategy to diversify away from traditional gold reserves.
India: The Reserve Bank of India has also added physical silver to its reserves, marking a significant shift in its asset management strategy.
Saudi Arabia: The Saudi central bank has made notable purchases, including shares in silver ETFs, indicating a new interest in silver as a reserve asset.
Historical Context
For many years, central banks primarily focused on gold as their main reserve asset, largely ignoring silver. This trend has changed recently, with these three countries leading the way in recognizing silver’s potential as both an industrial metal and a monetary asset.
Implications for the Market
The actions of these central banks signal a growing recognition of silver’s value, which could influence market dynamics and investor behavior. As more central banks consider silver as a viable reserve asset, demand may increase, potentially impacting silver prices”