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witchvn
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Why gold, silver, and precious metals could be sold off if the 'Russia-US-Iran peace agreement' is signed?
The most shocking story in the financial market right now is that Mr. Vladimir Putin is reportedly considering resuming oil payments in USD (Petrodollar) to escape the 'Yuan trap'. In return, sanctions would be lifted and Russia would be allowed back into the SWIFT system, along with other concessions.
By suggesting the possibility of partially returning to the greenback, Mr. Putin is sending a message to China: 'Pay the market price for our oil in a real currency, or I will go back to the Americans.' This is a 'bombshell' for silver and gold.
If the 'Russia-US peace agreement' is signed and Russia returns to the SWIFT system, the metal market will witness a wave of sell-offs as trading based on fear and the downward trend of USD dependence fades away. At that point, gold and silver could drop from recent peaks by 20 - 40%.
Especially if the US negotiates further Peace with Iran in a way that benefits the US Petrodollar, precious metals could fall from peaks by 40 - 60%.
Note: The information in this article is purely for personal opinion and should not be considered investment advice, and is not responsible for any decisions made by individuals.
$PAXG
$XAU
$XAG
The most shocking story in the financial market right now is that Mr. Vladimir Putin is reportedly considering resuming oil payments in USD (Petrodollar) to escape the 'Yuan trap'. In return, sanctions would be lifted and Russia would be allowed back into the SWIFT system, along with other concessions.
By suggesting the possibility of partially returning to the greenback, Mr. Putin is sending a message to China: 'Pay the market price for our oil in a real currency, or I will go back to the Americans.' This is a 'bombshell' for silver and gold.
If the 'Russia-US peace agreement' is signed and Russia returns to the SWIFT system, the metal market will witness a wave of sell-offs as trading based on fear and the downward trend of USD dependence fades away. At that point, gold and silver could drop from recent peaks by 20 - 40%.
Especially if the US negotiates further Peace with Iran in a way that benefits the US Petrodollar, precious metals could fall from peaks by 40 - 60%.
Note: The information in this article is purely for personal opinion and should not be considered investment advice, and is not responsible for any decisions made by individuals.
$PAXG
$XAU
$XAG
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