Venezuela's SILVER EXPORT is haulted
Venezuela's precious metals exports face extreme disruption due to recent U.S. actions, including President Maduro's detention and a declared "oil embargo," leading to paralyzed port operations, halted shipments, and significant market volatility, with gold and silver prices spiking as investors seek safe havens amid escalating geopolitical risk, disrupting trade flows for both oil and strategic minerals like rare earths.
Josh Philip Phair
@JoshPhilipPhair
The US Dept of War announces investment of over $2 Billion for a US Smelter to process critical minerals such as Silver and more. What will be a $7B+ total build, this is the first such facility since the 1970s to be built to process CONCENTRATES.
Currently only dore (higher grade of metal) is refined in the States. This marks a massive move to reshore critical infrastructure.
How serious are these metals?…well the Pentagon will own 40% of this facility. *Will note that my company Scottsdale Mint uses a lot of Silver from Korea Zinc who is the lead on the project.
https://x.com/JoshPhilipPhair/status/2007886029794213930