For What it is worth for those that are interested

I have previously commented on Global and Domestic Financial Issues. In this case with the Russian and Ukraine issue some may be interested in specific activity,

Oil is well covered in the media but the following indicates to me a long term change in the way Central Banks may better/ further manage their economies. I highly recommend that if this interests you then you open the link "Fedguy".

I have not quoted the source as it is a private subscription that I have paid for and whilst I do not think there is copyright issues, you can come to your own conclusions.

Purchases from central banks are also expected to rise as Joseph Wang at Fedguy explains:

Sovereigns across the world are now all alerted to sizable tail risk that they must manage. Foreign reserve managers are a risk averse group who are far, far more interested in safety than profit. They will happily accept -5% real yields, but even a remote prospect of losing all their assets is completely unacceptable. They now understand that the US and EU view banking sanctions as an effective tool that can even be deployed against prominent members of the global community. Risk free assets are no longer risk free……A much larger gold allocation is a necessary safeguard against the existential risks posed by financial sanctions.

FX Gold & Currency Reserves

Conclusion

Financial sanctions by the US and EU are likely to have long-lasting effects on central banks around the globe. We can expect to see a reduced weighting of currencies in their FX reserves and an increased weighting for Gold.

Gold breakout above $2050 per ounce would offer a target of $2400 but the recent spike in energy and commodity prices could drive the price even higher.

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Replies

The Captain March 9, 2022 at 8:46am

Any kind of geopolitical instability always pushes people to gold, it's the safest place they know to hide from volatility. It'll definitely be interesting to watch as these sanctions play out and start to really bite over the coming year.
Elvis_the_eel March 9, 2022 at 10:26am

Gold at $2,043.30 as of this morning.
Tad March 9, 2022 at 12:15pm

I read Silver will be a good option as well. Maybe consider both.

Maybe some clarification needed Pops Is their a safe issue around paper Gold or real Gold.?
- MeelK > Tad March 9, 2022 at 12:34pm
  
  Tad, Poppa will know more about this, but for what it's worth here is a good web page that talks about the different options for getting exposure to gold:
  
  www.bankrate.com
  
  For me personally, the simplest way would be to buy gold mining shares or a gold ETF. Here is a link to a couple of gold ETFs traded on the ASX:
  
  Betashares
  
  With all of that in mind, if you look at any chart of the gold price history, there are periods of underperformance, even losses. You could do worse than just leaving your money in the bank if you are worried about preserving value in times of uncertainty.
  
  How To Invest In Gold: 5 Ways To Buy And Sell It | Bankrate
  
  Investors like gold for many reasons, but it comes with a number of risks.
  - Tad > MeelK March 9, 2022 at 8:24pm
    
    Thanks Meelk I appreciate your input