What is the smart money doing? Both Russia, China and other countries are stepping up their purchases of gold.
Why? Well, my view is they know what’s coming. I found an interesting read on Russia-insider.com
The article states, “Russia has made it very clear that they are making all the necessary moves to stop using the FRN/US dollar as their primary currency to settle international trade. Gold will probably handle Russia’s trade settlement just fine.”
It continues, “Russia is looking for the exit door where the Federal Reserve Note (FRN), world reserve currency, US dollar is concerned.”
Also, “when all the major competent pieces are in place it will be too late for the US/UK to retaliate."
Link to article
For me it’s easy to lose sight of the macro picture and to get caught up in the short term moves.
Let’s remember why we do what we do at the #steemsilvergold community, whether it be stacking PMs and/or crypto.
