jim4silver
Silver Member
- Apr 15, 2008
- 3,662
- 495
Will WWIII be bullish for PM's?
I am being serious in my question. Historically, any time there was uncertainty due to "war-like" situations and such, gold would at least temporarily rise in price. In today's world, nothing going on in the world related to war and such makes PM's move in any way (except down, if having any influence at all).
Today's shooting down of a Russian fighter, allegedly done by Turkish jets, doesn't even register on the PM prices. I suppose there is so MUCH going on in the world via fighting and occupations (war-like), that the markets are immune to it (from a PM perspective).
I anticipate Russia will respond in some manner to this event. Perhaps not with direct military confrontation, but they will do something. One thing Putin is not is a wimp- plus he has crazy high support from Russian citizenry it appears. We'll have to wait and see what happens next.
One of my friends who is a history buff (not a PM bug though) feels there are many correlations between current events and the time period preceding WWI (and to a lesser extent WWII). I don't know if that is accurate or not but I am definitely concerned.
Just my opinion.
Jim
I am being serious in my question. Historically, any time there was uncertainty due to "war-like" situations and such, gold would at least temporarily rise in price. In today's world, nothing going on in the world related to war and such makes PM's move in any way (except down, if having any influence at all).
Today's shooting down of a Russian fighter, allegedly done by Turkish jets, doesn't even register on the PM prices. I suppose there is so MUCH going on in the world via fighting and occupations (war-like), that the markets are immune to it (from a PM perspective).
I anticipate Russia will respond in some manner to this event. Perhaps not with direct military confrontation, but they will do something. One thing Putin is not is a wimp- plus he has crazy high support from Russian citizenry it appears. We'll have to wait and see what happens next.
One of my friends who is a history buff (not a PM bug though) feels there are many correlations between current events and the time period preceding WWI (and to a lesser extent WWII). I don't know if that is accurate or not but I am definitely concerned.
Just my opinion.
Jim
