Huge! China & Russia’s LATEST BOMBSHELL Will Change Gold & Silver Prices FOREVER - Andy Schectman
Silver prices rose above 31.20 dollars per ounce as geopolitical tensions, including Ukraine-Russia and Gaza, increased demand for safe-haven metals. Despite the temporary recovery, analysts remain cautious, noting that the Federal Reserve's upcoming decisions and developments in key global conflicts will be critical in determining the next phase of silver's price trajectory.
Global expert and trader Andy Schectman highlights that the Bank of Russia plans to accumulate silver daily for a month, an unprecedented government move. He notes India's massive silver purchases of 800–900 million ounces in three years and China's aggressive sourcing of silver directly from Latin American mines, showcasing strong global demand.
However, Andy advises leveraging the silver-to-gold ratio, expecting it to return to 40:1, offering a chance to double investments with low risk. According to a recent report by Value Research, if you had invested in silver on January 1, 2024, you would be 30% richer as of November 3, 2024. In comparison, an investment in gold during the same period would have grown by 24.63%.
Describing silver as "the trade of a generation," Andy foresees substantial upside potential. The story of silver price suppression by major financial institutions reads like a financial thriller, yet it's documented fact rather than fiction. For decades, a small group of powerful banks has maintained massive short positions in silver, effectively acting as a cartel to control and suppress prices.
As silver prices rise, these banks face potential billions in losses on their short positions. This could mark the end of the banking cartel's long-running scheme to suppress silver prices. The true price of silver, long hidden by manipulation, may soon be revealed.
While bullish on silver, Andy emphasizes that gold remains the ultimate asset for stability and its potential revaluation tied to a new financial system. He notes that BRICS nations challenge Western control of commodity pricing through independent mechanisms.
Andy Schectman expresses cautious optimism regarding the country's future but warns of a looming debt crisis from unsustainable borrowing and rising interest payments. He predicts potential hyperinflation or even policies like gold-backed policies to restore confidence in US debt. TD analysts say that the US federal government's structural deficits are projected to drive its debt-to-GDP ratio to 100% in 2024 and 122% by 2034. This steep rise translates to an estimated 22 trillion dollars or 85% increase in the supply of US Treasuries over the next decade.
The US dollar's reserve currency status continues to underpin global demand for Treasuries, yet analysts warn that persistently higher deficits and increasingly price-sensitive buyers could lead to elevated market volatility and upward pressure on interest rates in the years ahead.
Meanwhile, Andy underscores the importance of commodities, especially gold, as inflation boosts their value over other assets. He warns that the declining global demand for US treasuries could force the Federal Reserve to intervene.
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