Tuesday, March 4, 2025

Tag: Biden Threat to Seize Russian Assets Sends Gold to All-Time Highs

Biden Threat to Seize Russian Assets Sends Gold to All-Time Highs

by Mike Maharrey, Gold Seek:

The United States enjoys the privilege of issuing the world’s reserve currency. But it increasingly uses that privilege as a hammer to shape foreign policy.

Could Americans end up feeling the blows from that hammer?

Economist and the author of Currency Wars Jim Rickards thinks that’s already happening.

After gold futures closed at a record high last Friday, the intraday spot price of gold surged over $2,100 per ounce on Monday, knocking on the door of its all-time high of $2,135 set last December.