Russia Invades Ukraine
One reader writes comparing the Russian invasion of Georgia to the events in Ukraine noting that things did not pan out as these same people claimed back then like some broken record playing with the financial lives of people:
Let’s look at returns for several asset classes during this time period:
- - US Dollar: +5.31%
- - Gold: -12.47%
- - S&P500: +0.89%
- - Crude Oil: -9.03%
- - Brent Oil: -9.71%
- - Russian Stock Exchange: -9.58%
If we look at the Russian invasion of Afghanistan on December 24, 1979, this helped to contribute to the final Phase Transition in gold. From the 1976 low of $103 to December 1979, gold struggled to rally $400. However, the final Phase Transition saw the doubling of gold in the last 4 weeks until it peaked on January 21st, 1980. Clearly, the rhetoric by the gold promoters must be taken with extreme caution. They wiped out so many people back then as well preaching that the decline was temporary and that only gold would soar to many thousands of dollars. Reagan was pictured as a Hawk and we would be engulfed in the end of the world. Gold declined for 19 years, yet they are back again with the same slogans that seems to entrap generation after generation.
We have serious issues to deal with and they MUST be approached with caution, objectivity, and without this constant bias that leads to perpetual losses. We need ONLY facts – not opinions for as in markets, the majority of opinion is ALWAYS wrong.
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