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What will the new Russian Civil War do to Gold on Monday?

CaptHenwayCaptHenway Posts: 33,963 ✭✭✭✭✭
in Precious Metals

Hold on to your hats, ladies! This could be a bumpy ride!

Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.

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    GoldFinger1969GoldFinger1969 Posts: 3,410 ✭✭✭✭✭

    Probably not much. Might see flows into Treasuries, though.

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    derrybderryb Posts: 38,578 ✭✭✭✭✭
    edited June 24, 2023 10:11AM

    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.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

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    RedneckHBRedneckHB Posts: 20,187 ✭✭✭✭✭

    .

    Although this was predicted 16 months ago. ;), it looks.like.its over already.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    blitzdudeblitzdude Posts: 7,641 ✭✭✭✭✭

    @CaptHenway said:
    Hold on to your hats, ladies! This could be a bumpy ride!

    It appears your fantasy of civil wars will have to wait. In the meantime:

    https://www.youtube.com/watch?v=isCh4kCeNYU

    GD BLESS "MERICA! THKS!!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

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    derrybderryb Posts: 38,578 ✭✭✭✭✭
    edited June 25, 2023 5:35AM

    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.

    @cohodk said:

    Although this was predicted likely planned 16 months ago.

    Fixed it for ya.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

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    TwoSides2aCoinTwoSides2aCoin Posts: 45,064 ✭✭✭✭✭
    edited June 25, 2023 7:21AM

    Putin will see the light and ask the Ukrainians for forgiveness. Oh, and gold ? It will stay below $2k

    ``https://ebay.us/m/KxolR5

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