William Kaye tells King World News:
So Russia is retaliating and it isn’t getting the press that these largely meaningless sanctions are receiving, but in my judgment this is far more important for investors. The loss of reserve currency status has tremendous repercussions, not the least of which is a reset in the price of gold and silver.
Also, Russia already has serious gold reserves but my sources tell me that the Russian gold reserves are understated, and I believe that. We already know that China’s gold reserves are very seriously understated. ...