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MarketWatch/Steve Goldstein/3-17-2022
“The shockwaves are still being felt by the incredible Western sanctions that have rendered the $630 billion in reserves the Russian central bank accumulated virtually unusable. Can the current dollar-centered global financial system last if money can be summarily cancelled?”
USAGOLD note: Analysts interviewed for this article say that central banks will be looking to accumulate a lot more gold so that they are not in a position where what happened to Russia can happen to them. The net result, says one of the analysts, will be gold trading at over $10,000 per ounce. More at the link ……
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