RE: Roller Coaster8 Feb 2023 09:27
I keep re-reading the last two paragraphs,
(In fact, the deterioration of liquidity in the US Treasury market this year is not only due to the cyclical pressure of the Fed's aggressive tightening, but also the result of the gradual emergence of structural vulnerabilities that have been building up for a long time, said analysts.
US Treasury Secretary Janet Yellen said in mid-October that she is "worried about a loss of adequate liquidity in the market.")
I wonder what effect this will have on the Turkish economy and thus Ariana. Extracting metals from the ground is an energy intensive endeavour and we must do it at cheapest cost. I presume we pay our energy costs in Turkish Lira though?
However we have a pending IPO for Venus minerals in a jurisdiction that uses Euros!
The dollar, euro and pound who would do business in those currencies when a gold backed exchange for oil currency is gaining traction in the BRICS nations and those who trade with them!