@MichaelCorleone Russia is stockpiling enourmous quantities of gold. Putin is in the trenches and ready for the economic war. Read his statement he made today before departure for the G20 in Aus. Russia have huge forex reserves and have in effect let the ruble float they don't need to fight the US.
Re: Saudi oil, their numbers are very dodgy and i I have seen commodity notes from analysts stating that Saudi need oil b/w 90-100bbl as their domestic budget will not balance, so dont think Saudi or US will wont the price of oil to stay artificially low for too long.
Re: Saudi oil, their numbers are very dodgy and i I have seen commodity notes from analysts stating that Saudi need oil b/w 90-100bbl as their domestic budget will not balance, so dont think Saudi or US will wont the price of oil to stay artificially low for too long.