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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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[–] Paragone@piefed.social 6 points 1 day ago

For THAT much gold to have got on the market, somebody big is financing something, liquidating a bunch of their reserves?

Russia's got African gold as part of its income ( the Africa Corps, formerly Wagner, being their means of harvesting African gold, both directly & indirectly, apparently ).. this could simply be them converting from gold to some other kind of asset, in financing their war..

XOR it's all ditched futures?

The people who pointed-out that it's all just a 2-week setback, though .. consider that the other-way-'round:

that in 2-weeks, gold has CLIMBED that much..

THAT is .. terrifying.

World's bracing for economic-armageddon/collapse/Depression2.

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