Russian Sanctions and Precious Metals Markets: What’s the Strategy?

By Lisa Murray-Roselli

In March of 2022, the London Bullion Market Association (LBMA) and the CME Group, Inc barred six Russian precious metal refiners from the London Good Delivery Lists for gold and silver. This move coincided with the US Treasury Department’s declaration that any transactions involving gold from Russia’s Central Bank are included in the full spectrum of US sanctions against Russia. In addition, US Federal legislators have proposed secondary sanctions which would block the transportation of gold from Russia’s Central Bank. Read more

Is Platinum a Better Buy Than Gold In 2017?

If your motivation for buying precious metals is primarily for speculative reasons, may I suggest that you consider platinum bullion? Despite platinum being less liquid than gold and silver as well as the higher buy/sell spread associated with physical platinum, the argument could be made that platinum currently offers more profit potential than gold. Read more