Februar 2022.godine.
THE RUSSIAN INVASION OF UKRAINE
The Russian invasion shocked the world. Citizens of Ukraine rushed to banks in order to withdraw cash and ensure that their financial reserves remained with them. This caused large crowds and long lines in front of banks. An almost identical situation occurred at gas stations, where citizens waited in line to obtain fuel.
As a response to the invasion, economic sanctions were imposed, including the blocking of the international SWIFT payment system. The war and economic sanctions also frightened the citizens of Russia. Images of long lines in front of banks in Russia spread across the world as well. Russian citizens attempted to withdraw their cash out of fear for the stability of the ruble. Due to severe Western sanctions, the ruble reached a historic low, recording a dramatic decline of 26% in a single day. Russia introduced measures prohibiting foreign nationals from taking cash out of the country. The United Nations, by an overwhelming majority vote, condemned the Russian invasion and called for an immediate end to the conflict.
February 28 was a day that frightened the entire world and caused countless financial and structural disruptions.
Voices of reason were heard across the globe, calling for the conflict to stop immediately. Citizens feared the possibility of an irrational conflict between Russia and the NATO alliance, which could lead to unimaginable consequences. Uncertainty and unrest pushed gold to a new historic high. In just one day, the value of gold increased by six (6) percent.
Gold reacts to global disturbances by increasing in value. Demand for gold broke all records. Only two days after the invasion, leading gold producers showed zero stock availability across all inventory accounts.
Becoming the owner of even a single gram of gold became a true privilege.
IS GOLD BECOMING THE NEW DEUTSCHE MARK?
Citizens rushed in panic and completely bought out gold reserves in the largest European distribution centers within a single day.
In principle, over the past year there has been significant interest from legal entities in purchasing investment gold as a way of protecting accumulated business profits.
Fear, panic, and uncertainty caused enormous disruptions in the supply chains of the world’s largest investment gold distributors.
One of the primary factors affecting the value of gold is inflation.
Inflationary pressures on the world’s leading currencies remain very strong, and therefore further growth in the value of gold may be expected in the coming period, with possible short-term corrections.
The current global situation clearly resembles the circumstances that occurred in the Federal Republic of Yugoslavia during the 1990s, when citizens rushed in panic to buy Deutsche Marks in order to protect their savings.
Accordingly, since there is currently no currency resistant to inflationary pressures in the way the Deutsche Mark once was, it may be concluded that gold has become the Deutsche Mark of the modern era.