1900/1450 --> seems likely to cause ruble to appreciate and dollar to depreciate until these converge.
Lol, no, what are you smoking?
The only way to lower the price of an asset is to flood the market to lower demand.
Like with GameStop, if everyone bought PUTS (aka. is selling the stock), the price drops because there's a high supply and low demand.
Russia pegging at US$1450 demonstrates they want Gold, means the Demand has just increased because there's more BUY orders, but Supply remains the same, so now the price of Gold will go even higher... probably $2000 and beyond.
Lol, no, what are you smoking?
The only way to lower the price of an asset is to flood the market to lower demand.
Like with GameStop, if everyone bought PUTS (aka. is selling the stock), the price drops because there's a high supply and low demand.
Russia pegging at US$1450 demonstrates they want Gold, means the Demand has just increased because there's more BUY orders, but Supply remains the same, so now the price of Gold will go even higher... probably $2000 and beyond.
Or price stays the same and the rubel gets revalued until the orders fill. With fiat there's always two dimensions
Fiat never goes up lol. If it does, they just print more.
Safe to say this situation is unprecedented. Time to start thinking outside the box.
Ammunition, seeds, chickens.