Loading ...Just watched the end of “Fast Money” on CNBS. At the end of the show they always have final trades.
Brian Kelly says, “I would look at GLD and GDX. If I were Russia, I would immediately back my currency with gold. The first country to do that WINS”
I’m stunned. I’ve always thought the same thing but thought it would be China. Russia backing the Ruble with gold makes far more sense. Putin could single handedly ruin western fiat currencies and garner investment from every part of the globe. China could easily follow suit.
Even more stunning that anything like that could be said on CNBS.