If the Northern Hemisphere was destroyed in a nuclear war, the Federal Reserve, JPMorganChase, and HSBC would get some brokers to Sydney, Rio de Janeiro, and Johannesburg to sell gold futures massively and drive the price down by at least 5%.
With the hawkish Fed jawbones having been instructed to back away from their microphones for a moment by the non-inflationary and risk ‘off’ macro signaling that came with the crisis, the ‘market relief’ play will be seen in hindsight to have been in the bag.
Adrian Day joins us to discuss how events are affecting the Gold & Silver markets.
Russia and Ukraine, supply disruptions, energy markets.
How is an investor to protect themselves in this situation?
It was clear to me the deal would never be honored. One of the biggest tattle-tales, I said, was that there was no deal. There was nothing signed. It was all hot air.
The latest news from Russia and Ukraine is yanking the price of Gold & Silver up and down on a daily basis. Also, which types of silver have the lowest premiums now.
However, the movement to sanction the Russian economy may continue regardless, and if that happens, the global trend toward de-dollarization will likely take a giant step forward.
Accounts held at banks and other financial institutions are vulnerable to being restricted or cancelled for any number of arbitrary reasons. Even cryptocurrency wallets can be seized by governments, with Canada showing the way.
