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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.87-0.1%Dec 3 4:00 PM EST
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To: TobagoJack who wrote (185885)4/1/2022 5:08:36 AM
From: Haim R. Branisteanu2 Recommendations

Recommended By
kingfisher
Pogeu Mahone

  Read Replies (2) of 218163
 
TJ as a gold bug there will be some drastic surprises to you and the other cheerleaders of gold or platinum as a bear market is around the corner.

The Russian decision to make 1gram of gold worth 5,00 rubles is disastrously for bold bugs that still hang into this barbarian type of metal as currency.

The reasons are clear;

1. Russia is bleeding heavily in Ukraine and substantial amounts of military hardware must be reproduced, this cost money via the salaries to be paid for the engineers technicians and workers in the military industry

2. Russia is facing crippling embargo almost on everything, and their economic activity is shrinking as is its population moral and enthusiasm of their leadership.

3. The extreme of the Russian desperation faced with a shrinking population forced them to resort to the horrible practice, of the middle age Ottoman empire, in abducting Ukrainian little children to Russia housed in special camps.

4. Russia has the biggest gold and precious metals deposits in the world including gold which until now was left in the ground.

5. By extracting the precious metal reserves from those deposits to sustain at a minimum the Russian economy will generate a surplus of available gold in the world which as any other natural resources or metal will drop in price in correlation with Russian economy, which already was in trouble for 2 years at least and prompted the unprovoked invasion into Ukraine which was a huge mistake.

6. To compensate and cling to power more and more gold will be extracted from the existing huge deposits which is equivalent to printing more fiat money.

7. There is a limited amount of use for the gold extracted and there are many other metals in great demand by modern industry be it for civil purposes or military. One great example is the renewable energy effort which will accelerate due to the sanctions on Russian hydrocarbons, which exports sold at or below cost of extraction and transport (China NG pipeline is a good example)

8. Therefore the barbarian currency will fall in value as the barbarians did not know of the existence and use of a long list of metals or chemicals and for them those materials where worthless, therefore the gold and silver attracted great attention due to the lack of oxidation.

9. One of the rarest material on earth is Boron (B) but until now had little practical use. With the advances of fusion energy Boron an effective neutron absorber will start shining as it will due to the fact that many see it as a safe hydrogen carrier.

10. Why boron is so rare is simple as Boron is synthesized entirely by cosmic ray spallation and supernovae and not by stellar nucleosynthesis, so it is a low-abundance element in the Solar System and in the Earth's crust.
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