US and UK ban Russian metals, page-5

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JoeSalami

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16/04/24

14:07

Post #: 73368521
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Originally posted by coto: ↑

The BRICS and eastern block do not care about western sanctions, they just continue selling to each other and leave our woke, useless governments to kick own goals. Plus, it ends up getting sold back to our countries, via third party/neutral parties in Asia and Middle East anyway. Just at higher costs which the taxpayer has to cover down the supply line!!! Look at the Russian economic numbers, 2 years or more of sanctions against them and they have better growth and employment numbers than most in the western world, especially EU countries. It appears our governments are actively trying to destroy our own countries from within and force inflation higher IMO. There is no sane argument for them to continue sanctioning Russia, when it is clear to see they have bypassed every sanction to date anyway. I just think they have run out of ideas and do not have a reverse button, especially 6 months out from an election in the USA.

This is welcome news for those in metals investments, especially aluminium, nickel and copper. But for the world and our own economies it only means things accelerate towards a major economic crash and rising inflation will no doubt delay any news of interest rate cuts. The positive is that the US dollar will fall soon and that should accelerate the gold and silver booms.

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Its easy to explain. Its a WAR economy. Its what happens when you invade another country and can't convert quickly.

When Europe finally leans in you will see the same GDP phenomena.

I assume the "welcome news for those in metals investments" will then become unwelcome if the sanctions are lifted.

Which begs the question, which one are do you prefer given your statement "There is no sane argument for them to continue to sanctioning Russia"? There's a conflict in your post.

Last edited by JoeSalami: 16/04/24

BML Price at posting: 15.5¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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