Gold Prices Could Keep Gaining If The EU Indefinitely Immobilizes Russia's Central Bank Assets
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Zoltan Ban8.4K FollowersFollow5ShareSavePlay(14min)Comments(2)SummaryGold's decade-long bull market may accelerate as the EU moves to use Russian central bank assets to fund Ukraine, amplifying systemic risks in fiat currencies.Central banks' gold buying has surged since 2022, with gold overtaking the euro as the world's second-largest reserve currency, signaling a shift in global monetary dynamics.Potential fallout from the EU's unprecedented asset confiscation could be gradual but profound, driving further gold accumulation and reducing exposure to European debt.I maintain a sizable gold and silver allocation—about 20% of my portfolio—as a long-term hedge against escalating fiat system dysfunction and geopolitical uncertainty. e-crow/iStock via Getty Images Investment thesis After a spectacular run this year, gold prices (XAUUSD:CUR) are taking a breather. After reaching an all-time high in mid-October, it has not been trading like it is about to crash, but neither does itThis article was written byZoltan Ban8.4K FollowersFollowMy name is Zoltan Ban, I have a BA in economics. I am a personal investor with two decades of active trading experience.Analyst’s Disclosure:I/we have a beneficial long position in the shares of GLD, SLV either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. I own physical gold & silver.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.