- A commodities bull market that started with the post-COVID crisis recovery, is set to go into hyper-mode due to the fallout of the Ukraine conflict and sanctions on Russia.
- Sanctioning the world's largest commodities exporter is set to cause havoc on global commodities markets while freezing Russia's central bank assets risks a global exodus from Euro & USD reserves.
- Zoltan Poszar of Credit Suisse sees the possibility of Russia followed by other commodities-exporting countries resorting to commodities-backed currency policies as a consequence of West freezing Russia's Central Bank assets.
- Major silver producers like Mexico would potentially be forced to back their currencies with silver, once the trend of commodities-backed currencies would take off.
- In the meantime, industrial demand for silver continues to look robust going forward. EU plan to greatly expand renewable energy entails a surge in solar power installation, which will require a lot of silver.
For further details see:
Buying More Of The Poor-Man's Gold (Silver) To Achieve Wealth Preservation