Putin Not Bluffing

Thu, Mar 31, 2022 - 10:28am

As Q1 ends and Q2 begins, it appears that Russia is set to impose new rules for their natural gas exports. Many had assumed that Putin was only bluffing when Russia announced that, as of tomorrow, only rubles would be accepted as payment for natural gas. Today's news makes it appear that reports of Putin's bluff may have been greatly exaggerated.

In the end, what does this mean for gold and silver? That remains to be seen...at least in the short term. However, IF these reports are true and Putin is, in fact, going to require rubles for gas, the war in Ukraine is about to get even...

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