RE: Some nice links here. All from Anti-Russian sites. Read it and weep deniers7 Oct 2023 14:41
It's always difficult to make sense of anything when one’s hatred of some involved factor causes one to make illogical decisions. Some here's hatred for the west, always makes that a possibility.
Over the last five years gold has risen by 51%, this was during a time of historically low interest rates, so money flowed to assets/stocks, causing a rise in those values. Now is a time of high interest rates, government 30 year bonds are in some cases paying up to 6%, so money has flowed out of some assets into government debt bonds.
Will the dollar be deposed as the world currency of choice? I don't know. What will help gold rise in the short to medium term, I think uncertainty, be it economic or political. If the despot anarchist trump is re-elected, I do see the dollar weakening (and gold rising) some here would like that, but not always for the obvious reasons. Is there a reason for gold to jump nearly 14% in the next couple of years otherwise? Not as far as I can see unless interest rates start to quickly drop, which according to international reports is not expected.
As we know, even present gold prices are above Poly’s budgeted ones, so things should be good on that front. Though it may just knock a few percent from any offers coming in for the russ1an bis.
GLASH