Australia had $12.8 billion surplus last month most of it from commodity export. World is hungry for raw material. European countries know that without Russian supply they have to buy from spot market at crazy prices. As long as China is trading with Russia China will have huge advantage in EV and green energy space. At the moment winner is China.
Western countries cannot print money like last time. I hav.e read Russian economy is only 12the largest and smaller than Italy. But Italian economy is mainly service and manufacturing with debt of more than 100% GDP. What will happen energy and raw materials rocket? Scarry situation. Don't know which counties getting into trouble now.best place is gold and gold mining companies for now. Specially RRL
dyo
RRL Price at posting:
$1.97 Sentiment: Hold Disclosure: Held
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