Let’s watch for Putin’s next move. This levy is seen as an anti-Russia slap by the EU. Putin will now slap back, probably in the gold markets.
IIRC the last time he got in a spat with the EU he squeezed their natural gas supplies in the middle of winter.
the Chinese have a huge stake in the gold markets- so what would the Russians do?
What safe haven will wealth go to when banks subject to deposit grabs ordered by the IMF (and Germans) aren’t trusted anymore?
Some reports say the Germans wanted to take 40% of the depositors’ money!
Three words...”Warm weather port.”
Putin is in gloat mode because Western Europe is propping up fiat currencies and fiat nations while Russia, China, India are voting against fiat paper (illusory) economy by piling up gold. By being buyers on the world market
Those central bankers behind the US Dollar and other fiat currencies despise gold because the better gold/silver look, the worse their fiat currencies look
Putin is in gloat mode because Western Europe is propping up fiat currencies and fiat nations while Russia, China, India are voting against fiat paper (illusory) economy by piling up gold. By being buyers on the world market
Those central bankers behind the US Dollar and other fiat currencies despise gold because the better gold/silver look, the worse their fiat currencies look