If I saw it coming I would of bought or had gold and silver. But say I had to get kids out of the war zone I take those coins and cash them for better value for what ever currency if that country to by milk and food for the baby’s. They are not in position to be worrying about the market price or profiting but surviving. They won’t be trading coins with much more for milk and food or necessities.
Maybe speculations will be but the majority of people involved won’t be.
The very rich might but they can also get currencies and Bitcoin you can pass through a country with invisible money unlike a bag full of gold. Now doubt they will diversify.
But beside the rich the majority will be exchanging their currency as it falls. I’m sure there will be some barter going on though.
So if gold goes up which it will in time or should but with this war except vs their own currency not ours anyways it will likely be more on speculation for everyone else.
If I were a refugee.
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