transition into multipolarity brings risks & volatility into financial markets
Illya Gerasymchuk
transition into multipolarity brings risks & volatility into financial markets
some FX currencies & bonds go up - others down
the demand for safe assets is not going away anywhere
the debt still needs to be refinanced 🤷♀️
now you might think that gold would be a perfect collateral for repos, but currently:
it's too volatile - price may drop > 10% on systemic risks
there is no lender of last resort (you can't print gold or have swap lines for it 😀)
