The United States has blocked Russia’s access to US dollars, making a default highly likely. While this obviously isn’t good for Russia and its ambitions to strengthen the Ruble and position it as a reserve currency, the fallout could affect the rest of the world. Would Russia find a way to raise the money? Will they sell off their gold? Or will they double down and really default on their debt. As investors, things are getting very uncertain and we seem to be always on a brink of a potential collapse. Let’s discuss further what this potential default will mean and what we can do to keep safe.
✅ Timestamps & Chapters:
0:00 What A Russian Debt Default Will Mean
2:02 Russia’s Big Dilemma
4:22 Seek Safety In Gold
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22 Comments
#1
#1 guy below me is lying.
Good one again. I am perhaps less optimistic for the US on this Sanction move. It is not so much the credibility of the Russian govt that is in question but the actions of the US Govt. It will be a force majeure on the Russian side. JP Morgan, the main underwriter for these bonds will likely get sued by their investors and in turn, JPM may sue Uncle Sam. Most countries will now avoid the USD and Euro like the plague. The push for an alternative monetary system will escalate. We are heading towards some tough economic times. Having Gold at time like now will certainly help you to sleep better. For every other asset class, the counterparty risks are escalating from every direction imaginable (even sovereign defaults). Thanks for keeping us abreast of the latest developments Sean.
Sean your the man I'm focusing on gold purchases until silver premiums come down and we are appreciative of all your efforts to help us learn about gold and silver thank you for keeping us up to date on current events that affect us
Sounds like u made a new quote, "Bottom line, gold is money, everything else is just background noise!" 😃
I started stacking last year now I have 9 Oz of 9999 gold coins
Up in the middle of the night where I'm at. I worry pushing the Russian government may take the nuclear option and cut Gas to Europe and force unstablelize Europe
What would stop Russia from going to India china to get line of credit or break the imbargo
#1
The key question is if this really would be considered a default. As Russia asked its western bank with its correspondent account to move money from to another account of the bond depository as the payment. Russia has the money to do it. The bank refused to carry out this transaction due to some reasons outside of Russian jurisdiction and influcence… Imagine creditors going to the court to get their money – well, Russia would say – sure, take it from my other account, why not! 🙂 I would not be even sure it can be considered a credit event… like CDS may not be even triggered ! Let's see though…
The US Government wants Russia to default as they have frozen their overseas reserves and stopped them from using the SWIFT payment system.
do you think the russian drama will effect the price of platinum at some point? I think Russia and China could form a deadly alliance if the U.S backs either one of them into a corner
The Russian Ruble has regained its value against the USD after dropping like a rock at the start of the sanctions. Russia has the natural resources needed mostly by Europe, and China is an eager buyer of what Russia has to offer. Selling their oil and natural gas, among other things, only in Rubles or gold, has put a floor on both gold’s price and the Ruble’s value against the USD. I think Russia still has a lot of economic “rope” to hang on to.
Russia and China doing progamer moves. Anything can happen.
Another great video. Well done.
Great info, Sean. I wasn't understanding what was really going on with checking Russia with bond sanctions. The world is indeed chaotic, I'm doubling down on stacking gold and rounding up with silver. I got a small tray of x15 chinese Pandas and two Sovereigns this week, and it feels like safety, as bad news about spanish inflation (9,8%) and economic war line up.
Just collected my britaina silver coins from indigo. They mentioned you were there earlier. Could have seen you in person!
It is up to the supplier of gas , oil n other commodities to decide the price n the type of payment required. And it is up to the buyer to accept or to reject. US n Europe is not the world but a small percentage of the world. If China , India , ASEAN n other non US allied nations r still willing to buy Russian resources at friendly prices ,Russia will b financially pressured but will b ok. Russia is not Venezuela or other non militarily nucleared powered nation or economy. Worst case scenario is that the war may turn nuclear if Russia is pushed right against the wall .To blame only Russia for the war is not entirely a fair n true picture of the event which had already started since 2014.
US has been the main hegemon since the collapse of USSR but has the world's truly benefitted in terms of quality of life n std of living in either specific or generalised terms n parameters? Why did the US default on the gold standard on 15 August 1971 then?
Like U mentioned , empires will rise n fall , great companies will come n go but gold will always remain as the money of choice ever since the ending of the barter trade between civilizations.
It's funny How the United States uses sanctions as leverage against other countries and then twists the arms of smaller less powerful countries to follow there lead. As I've said before I believe every countries currency should be tied to a gold standard. You can't have countries like the United States just keep printing money and giving handouts. We are now 33 trillion dollars in the hole and climbing everyday. Recession is now a major possibility in the United States! Reassessment of the value in the yellow metal would be all that's needed
Sean toby u keep on saying Russia started this war..this means you & the rest of the American adoring world either do not understand or do not want to understand ..but if u do not understand you should not be talking NONSENSE. You can check history will tell you John Mearsheimer American war correspondent on Utube, admits that USA has been FORCING Russia into war for the last decade, as he wrote the book and the video, ‘’UKRAINE IS AMERICA’S FAULT/ USA POKED THE BEAR ONE TOO MANY TIMES…it is NOT Russia’s fault to want to protect themselves..RUssia protecting themselves is protecting the world from NUCLEAR WINTER!!!! You should at LEAST be GREATFUL and not such a BALL CARRIER!!!! Sean you should not be talking about Russia and leading the people astray EXACTLY the same way that USA FALSE PROPAGANDA does to the world…even though u may say that USA is TOO strong to do ANYTHING BUT CARRY THEIR BALLS…people who know even 10% of history & the REAL reason for this war…will NEVER RESPECT YOU ANY MORE FOR YOUR LIES …we all know that the only reason S’pore sanctioned Russia is because of the Money laundering that USA conveniently cleared S’pore off…((But u should know how childish USA is…becoz they TOLD EVERYBODY about the M.L. When USA realized that S’pore was actually on the side of Russia even through they had BLACKMAILED S’pore to Scream Sanctions. ((Just like USA has to protect their nuclear backyard., Russia has BIGGER & more DANGEROUS Nukes than USA, & HAS to protect its backyard from America’s intentions to spread their war bases around the world on Ukraine so ,..strategically positioning their nukes on Russia’s backyard so as to shorten the time it takes to nuke Russia from Ukraine…there is so much more that you OBIVIOUSLY do not understand so PLEASE SHUT UP STUPID, just coz u have a few bits of silver and gold DOES NOT GIVE U THE CARTE BLANCHE to carry the DYING DOLLAR’S DEATH WAIL.
great vid sean!
Mommy Seal : When you have nothing to bark, don't bark.
Me : Referencing!