Global Analysis from the European Perspective. Preparing for the world of tomorrow




Silver is important

The USA recently officially classified silver as a “critical mineral” on the Department of the Interior’s list. What is this list and what does it mean? It contains minerals that the United States considers critical to its economy and national security. Many come from countries that are considered political adversaries, such as Russia or China. What does it mean for silver to be included on this list? First of all, any project related to the extraction, exploration or processing of such a mineral can claim state financial support. In addition, the process of obtaining mining permits is reduced from 10 years to 1-2 years, which can significantly support the development of national resources of this mineral.

Silver, together with gold, has been a real hit for stock market players in recent years and is steadily gaining in value. Readers of our Bulletin may recall our multiple recommendations for gold and silver. The US government’s decision and the possible imminent upheaval in the financial world – the switch to digital currencies by some central banks (CBDCs) with a return to gold backing – will ensure that the two precious metals will continue to shine for a long time to come.

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Scenes from Cyprus 2013? No. Nigeria, Laos, April this year. Old banknotes were invalidated in February and since then no new ones have been printed, only the old ones collected from the market by the central bank and destroyed. At the same time, they introduced central bank digital currency (CBDC), which was not accepted by the people at all. Over 200 million people were deprived of their money overnight. Almost no one wanted to pay or transact with the new e-currency (called eNaira). Thousands of businesses went bankrupt in a short period of time. A paradoxical situation arose in which gasoline could no longer be bought at gas stations in the country, which is one of the largest oil producers in the world.

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