The immediate reason given for the gold and silver crash on Friday was Trump’s appointment of Kevin Warsh to be the new head of the Federal Reserve. The second reason to own gold is the unprecedented economic war between the U.S. and Russia that’s raging side by side with the shooting war in Ukraine. Economic results always receive some consideration in times of war, but there has never been a war where the economic costs of sanctions are greater and more long lasting than the destruction caused by the actual fighting.
Author: Adam Sharp
Published at: 2026-02-02 23:00:05
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