Tue Jun 20, 2023 – 8:00 pm EDTTue Jun 20, 2023 – 4:20 pm EDT
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(LifeSiteNews) — A good deal of LifeSite readers and viewers are interested in the world of finance, a fact that came to me as a surprise. Recently, the United Arab Emirates (UAE) bought 75 tons of gold from Russia, as foreign interest in the U.S. dollar continues to decrease.
On this episode of The John-Henry Westen Show, I am once again joined by Drew Mason of St. Joseph Partners, which helps LifeSite readers and viewers with their precious metal needs. We discuss the implications of the UAE’s purchase and the necessity of protecting wealth through precious metal assets.
Mason suggests that the UAE made the purchase in order to “decrease exposure to the dollar and other currencies and increase their exposure to gold.” According to him, the UAE, seeing the current economic state of affairs, consciously opted to purchase the gold “based on risk/reward,” despite already having a large quantity of gold. He further stresses that the UAE purchased the gold from Russia, a country facing U.S. sanctions over the Ukrainian war, making
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The views expressed in this news alert by the author do not directly represent that of The Christian Journal or its editors