GMRgold Blog

There are two wars going on in the world at present. The sacrificial lamb for the real war is Ukraine. The real war being waged is an all-out economic war orchestrated by the same architect of the conflict in the former territory of the Soviet Union.

A recession is when your neighbor loses his house. A depression is when you lose your house. This old adage, while recited tongue in cheek, speaks to the awareness of economic situations occurring around us. There is a multitude of distractions currently to keep our attention away from the most important headline that is missing from the front page of the newspapers.

Gold traded in a tight range between $1,926.00 and $1,952.00 per ounce on the spot market last week. It would appear that the Ukrainian War is priced into the yellow metal.

Gold took the markets on a roller coaster ride last week with prices ranging from a high of $2,060.00 per ounce to a low of $1,950.00 causing independent investors to re-think their positions. Stand firm!

The war in Ukraine continues to dominate the headlines and drive markets across the board. Gold is now threatening to topple the all time high while knocking on the $2,000.00 per ounce door.