Commodity Trade Mantra

Posts Tagged ‘National Currency’

Ukraine Currency Collapses Nearly 70% Against Gold In 4 Months

Year to date, gold in hryvnia has surged by 69% from 9,992/oz to 16,880/oz, or more correctly, Ukraine’s national currency has collapsed by 69% against gold in less than four months. This week alone hryvnia has fallen by 7% against gold. The lucky few who own physical gold are being protected from the currency collapse.

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