What will the new Russian Civil War do to Gold on Monday?
CaptHenway
Posts: 32,225 ✭✭✭✭✭
Hold on to your hats, ladies! This could be a bumpy ride!
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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Probably not much. Might see flows into Treasuries, though.
For now gold in rubles will rise as it always does with uncertainty - smart Russians will sell the high. If the West succeeds in its new, internal effort to destabilize, gold will pull back in the aftermath as the question of Ukraine's future will become more clear.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
.
Although this was predicted 16 months ago.
, it looks.like.its over already.
Knowledge is the enemy of fear
It appears your fantasy of civil wars will have to wait. In the meantime:
GD BLESS "MERICA! THKS!!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Well that was fast, gold didn't even have time to blink. I wonder what the next effort will be. If it eventually gets big enough, gold will react like we've never seen. Let's pray it doesn't get big enough.
Fixed it for ya.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Putin will see the light and ask the Ukrainians for forgiveness. Oh, and gold ? It will stay below $2k