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Can someone smarter than me tell me if this affects me or not? (sh.itjust.works)

submitted 1 day ago by StarvingMartist@sh.itjust.works to c/outoftheloop@lemmy.world

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[–] megopie@lemmy.blahaj.zone 24 points 1 day ago (1 children)

Probably not directly.

But if I had to guess, this, along with a few other similar markets dropping suddenly, suggest some major actors in the world are liquidating assets to get cash for some reason.

Some powerful global actor suddenly needing a lot of cash suddenly could mean something that effects you.

[–] neidu3@sh.itjust.works 10 points 1 day ago

Russia has been selling off gold for a while. Maybe they've ramped up the rate.