The ultimate value of a currency will equate with business and productivity.
Its why the Aussie does not fall as many suggest or expect. We export so much.
Russia have huge resources in oil and gas, they have been accumulating gold full on.
The attempts by the US to cut them off by taking over Ukraine decision making has failed. A lot of Europe, China and India are joining Russia in trade.
Interesting how simple the big picture is but many are blinded by charts, support levels and manipulated market figures.
Gold is about to blow and I think our ...Ole Pal... knows that by his sudden absence.
Commercials have gone long on paper gold to the tune of 2.3 million ounces, the highest figure ever.
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