RE: It's Not Only POG12 Jun 2022 09:02
Markets are going to get much worse before getting better
FED and ECB rate raise round the corner with more to come in the year. Inflation at 8.7% in U.S, 8.6% UK, 8.1% average in EU. Days of cheap money are over (even with rate rises its still cheap comparative to history), oil and gas at near record levels. Commodity superpower Russia sanctioned making everything more expensive from grain, oil and gas, fertilisers, coal etc
It's a lose lose situation - to bring inflation down they are cutting cheap money supply which will lead to a recession. Don't control inflation and it will lead to mass unrest globally and eventual recession.
Gold wins in either case....the issue is will pog and shareholders survive to taste the sweet golden apple or will the Russian crooks get the company for nothing...