Nothing beats gold as real money

4.4.22 - Commodities Do Not Cause Inflation. Money Printing Does.

Gold last traded at $1,933 an ounce. Silver at $24.55 an ounce.

NEWS SUMMARY: Precious metal prices rose Monday on safe-haven buying despite a firmer dollar. U.S. stocks were mostly flat as traders monitor the bond market's warning signals about the economy and higher oil prices.

KITCO--"The devastation created by Russia's invasion of Ukraine continues unabated and it is now starting to have significant implications for the global economy. According to some economists, we are witnessing the end of globalization.

Lines are being drawn between allies and opponents that won't easily be undone, even if the conflict in Eastern Europe were to end. Gold, it appears, is playing an essential role in this new environment, where currencies and commodities are being weaponized.

Global commodity markets remain in chaos as nations look to establish their own domestic supply chains. The biggest impact is being felt in the energy sector as Russia's nat gas represents 40% of European demand.

There is a growing threat that Russia could weaponize its commodity markets as it demands 'unfriendly nations' pay for their energy in rubles. Russia is also looking to accept gold and even bitcoin for its oil and gas. According to some economists, Europe, already teetering on edge, could fall into a full-blown recession if Russia decides to withhold supply.

As pressure mounts, Europe is looking to wean itself off of Russia's oil and gas, but that won't happen until the end of this decade....

Gold is the most attractive asset because it is seen as a store of value and has no counter-party risk....As long as chaos reigns, gold will shine as solid currency."