Effective May 1: Putin makes BIG move amid Iran war crisis, bans export of gold bullion to $15,000 – Are Russia and China using West Asia war to dethrone US dollar?
Effective May 1: Putin makes BIG move amid Iran war crisis, bans export of gold bullion to $15,000 – Are Russia and China using West Asia war to dethrone US dollar?
This move + war + oil spike + gold rally = same theme:
Countries are de-risking from the global system
Holding hard assets (gold, energy) over financial assets
Trust in global flows is weakening
That’s why:
Gold is strong
Dollar is still strong (ironically)
Markets feel unstable
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This move + war + oil spike + gold rally = same theme:
Countries are de-risking from the global system
Holding hard assets (gold, energy) over financial assets
Trust in global flows is weakening
That’s why:
Gold is strong
Dollar is still strong (ironically)
Markets feel unstable