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Are PMs riding due to uncertainty regarding Russia & Ukraine?
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<p>[QUOTE="GoldFinger1969, post: 8230247, member: 73489"]Yes, a guy from Strategas -- a well-known investment advisory firm to Wall Street and hedge funds -- had one of their guys on CNBC yesterday saying how the long lines at Ukrainian ATMs and the inability to access BitCoin prove once again that dollars and/or gold are valuable to most people in the world.</p><p><br /></p><p>If a billionaire wants 10% of his net worth in BitCoin, it isn't likely he would want tens of thousands of gold coins or bars. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>But if hundreds of millions of formerly-poor 3rd World types suddenly have a middle-class outlook, they WILL want a few ounces of gold, maybe more.</p><p><br /></p><p><u>We take it for granted because of the dominance of the dollar, but currency collapses and wealth destruction/confiscation have been going on forever in lesser-developed countries.</u>[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 8230247, member: 73489"]Yes, a guy from Strategas -- a well-known investment advisory firm to Wall Street and hedge funds -- had one of their guys on CNBC yesterday saying how the long lines at Ukrainian ATMs and the inability to access BitCoin prove once again that dollars and/or gold are valuable to most people in the world. If a billionaire wants 10% of his net worth in BitCoin, it isn't likely he would want tens of thousands of gold coins or bars. :D But if hundreds of millions of formerly-poor 3rd World types suddenly have a middle-class outlook, they WILL want a few ounces of gold, maybe more. [U]We take it for granted because of the dominance of the dollar, but currency collapses and wealth destruction/confiscation have been going on forever in lesser-developed countries.[/U][/QUOTE]
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