Russia cut off from delivering gold to London already causing cancelled deliveries and defaults, European banks need to hold more gold vs paper gold due to Basel 3 but the supply stopped with sanctions. Interest and orders from individuals up 250% across the planet. Russia cut off from IMF.
Stagflation = High Debts + Zero Growth = World Wars. Thats what you have here, Occurred twice before. This is the time to get out of Fiat Money and Buy Gold with both fists, negative real returns on money, inflation is running at 10-20% per annum right now. De_Dollarisation has begun, dollar is firmer due to treasuries been dumped making them scarce but any soverign government holding US treasuries is at risk of confiscation as we have seen occur for Russia.
Gold Mining companies offer better real returns in such an environment. Buy GDX as an ETF, if you prefer. The Federal Reserve is way behind the curve and they may raise rates quickening the process of collapse. Lagarde ECB has no idea, they are telling you now to use your savings from the pandemic period to survive and Sleepy Joe Biden is telling the population gas prices are higher due to Russia and therefore we have to sanction Russia even more.
They have no idea. Tighten your seat belts for the collapse of Global Old Order. Sell Your Damn Stawks.. especially big tech.
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