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Thanks Lawrence for the reply. Hope you are ok , I can imagine, if Russia agreed for a ceasefire and as part of that the sanctions are lifted you could well be fine. As 11 p is a big number. I had sold all my share at a loss when it started to yo yo between 2/4 p. I found it very stressful.
Good luck mate,hope you come out from this a lot more wiser.
1.7 m at an average of 11p.
Professor - the sanctions are just a farce to fool the public. I read the article too and actually understand India’s point of view. How they can tell a hundreds of millions of their citizens who survive on $5-$10 a day to prepare to make sacrifices and get ready to earn even less because some western rich countries want to bomb each other.
They are buying oil by the bucket load from Russia and huge discounts, refining and selling to the west at inflated prices. And of course the west is fully aware where the oil is coming from as India isn’t a oil exporting country.
Russia is not losing this war. If you think they are then you need to give yourself a slap.
There was a big article I read the other day how the refineries in India are processing the oil purchased from Russia and selling it on to the West including America. Where are the sanctions?
Khelder
Agree - our leaders need to go back to school
Lawrence13 ,are you neck deep in this stock? You seem very worried ,deducing from the number of posts today ,and I also note 232 posts in the last month on pog. Hope and prey it does not tank tomorrow,for your sake. Goodluck.
We'll see soon enough tonight BST when the markets open in the far east
"Now these simpletons think that the same strategy will work on gold? Prices will go up, China , India and Middle East will buy the gold and sell it at a premium to the countries in the west."
So if its as easy to get round as you say tomorrow will show no bearing on POG's SP?
And don’t forget these sanctions apply to newly mined gold so will be months before anyone even notices any difference lol
Sadly for the west we now have a collection leaders who be can be best described as simpleton.
Sanctions on oil and gas has backfired. The Russians are getting paid as normal and getting paid handsomely for their oil. This kind of sanction only works if everyone in the world refuses to buy. Problem is apart from Europe, uk, us and Canada no other country is participating. Instead India and China helping themselves to some cheap oil at our expense.
Now these simpletons think that the same strategy will work on gold? Prices will go up, China , India and Middle East will buy the gold and sell it at a premium to the countries in the west.
The only way to stop Putin selling oil and gold is to put on sanctions on goods made with these products. Truth is this never going to happen because the rest of the countries would refuse and the west are trying to save face with these sanctions but let’s be honest the only people it’s hurting is ourselves.