RE: 2.8527 Apr 2023 15:22
Gold is not as strategic as energy. Note, Germany took control of Gazprom energy assets in Germany at start of conflict; Putin similarly took control of German and Fin energy assets. Both the countries will hand back assets when war is over and sanctions lifted. Russia would not want to jeopardise foreign investments, and to date they have not confiscated any assets on permanent basis. Assets have been sold cheap due to west imposed sanctions, NOT Russian imposed sanctions. When conflict is over, europe will want access to Russian energy again and gold is not strategic enough to be sanctioned. Tech sanctions will persist, may be long after conflict is over.
POLY have short term issues in Russia but rock solid even in Russia in longer term.