Loading ...That was my thought too – that it might actually help the miners. I guess it depends, especially if the G-7 countries actually need to replace that 90% worth of gold exports that Russia supplies them.
On another note, I’m seeing tons of ads for gold, and it is slowly getting a little notice on Financial TV. Normally I’d think this would be bearish gold, but Putin is slowly squeezing the gold market as well as oil. If the BRICS are buying or trading with Russia, why would they ever want to take fiat as payment again?
MetalsGuy – I would think that Russia would not be selling as well, but according to the article they export $19 billion just to the G-7. Who would have thought?