SBUG - The Petrodollar And Gold (And Silver)

• Regardless of which side of the Russia/Ukraine/U.S./NATO conflict you might associate, it has without question shined a bright light on the dollar’s diminishing status as the reserve currency.
• More important, it has pulled gold into the conversation as an alternative trade settlement currency. Gold is, after all, designated as a Tier 1 bank asset per the BIS.
• The implication of these events unfolding is that, not only is a monetary system reset in motion, but I believe that, along with this, the price of gold will “reset” to a much higher price.

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