Russia is so desperate for cash to fund its war that it has resorted to dumping one of the world's most expensive metals, palladium, on the global market to get any return they can get. The main use of palladium is in catalytic converters, but it is also used in aircraft spark plugs, electrical contacts, surgical instruments, and can be alloyed with other metals for corrosion resistance. Palladium is currently selling for a third of what it sold for in mid-2021 (before Russia's invasion). A mining operation in Montana is laying off hundreds of employees because it cannot turn a profit right now. Montana miner to lay off hundreds due to declining palladium prices My question would be if it would make more sense to buy up these metals at dirt cheap prices and sell them later when the cost recovers, and spend the money that we will be getting from these metals on weapons for Ukraine. Win-win situation. Palladium - Wikipedia
Just imagine what the situation might look like today if we had taken the common sense measures back in 2021 of using the DPA to maximize hydrocarbon production and export, food, and munitions. Inflation would be minimal in the West but asphyxiating in Russia. I point out once more, it’s not too late to start these measures and really start putting the screws to Russia.
Feels like a good arbitrage opportunity if you had somewhere to store it. Are there sanctions in place to stop the exports?
With things like palladium, platinum, or diamonds, you could probably keep it in one large warehouse. But it better be one incredibly secure warehouse. If the gold is still in Fort Knox, I believe we could find a way to store and secure a supply of palladium.
Russia just raised their key interest rate to 19%. Ignore the ongoing collapse of the Ukrainians in Kursk. Everything is going to plan. After all, Russia just raised their key rate to 19%.
You have absolutely no evidence of an “ongoing collapse” in Kursk any more than you did of everything else Russia was “getting ready to do.” If you want to see what an “ongoing collapse” looks like, the aTm game is about to start again.
Who's plan? Ours or theirs? Their current inflation rate is over 9%. The Russian central bank's "plan" was to keep it at or below 4%. https://www.reuters.com/markets/rat...n slowed to 9.05,the central bank's 4% target.
Gators need to be looking at this Ukrainian kid. Backpacker creates separation when the conscription bus pulls up …
Russia has started their attempt to re-take Kursk, but all indications are that the assault is "lacking momentum". The article also indicates that few of the Russian troops in Kursk have combat experience, even though elements of Russia's "elite" 51st Airborne Regiment are present. https://www.cnn.com/2024/09/14/europe/russia-begins-ukraine-counter-attack-kursk-intl/index.html
Are you trying to imply that there has been some big reversal of fortune in Russia’s favor recently? I just checked. Nothing of significance has transpired in the war that should have you crowing. But post a link to whatever news you think has shut us all up.
“reversal of fortune” implies that only now the war is turning in Russia’s favor which of course is borne of willful ignorance. From the horse’s mouth: Russian troops better trained and more motivated, continue remorseless advance chewing through the human power of the Western battering ram …
Collapsing. LOL! How hard do you think they're trying to hold it. Don't bother. I've had my fill of stupid for the day.
