How would a PP perform if the US was "cancelled"?
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How would a PP perform if the US was "cancelled"?
Watching the world cancel Russia and remove them from all financial markets brings up a question. I do not have physical gold; I have it in ETF form. If the world ever decided to cancel the US and cut us off for some transgression (or for electing Trump again) , how would a PP hold up if it is all in ETF form? Obviously your home stocks will tank as Russia's have. When the markets re-open, what happens to your gold, treasury and foreign stock holdings since they are all traded on your home exchange that is in such turmoil?
Re: How would a PP perform if the US was "cancelled"?
Good question. Following.
MB
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- dualstow
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Re: How would a PP perform if the US was "cancelled"?
Two very good questions, as ‘how would a gold etf perform’ is quite different from ‘how would a pp perform.’ You can’t cancel physical gold.
Re: How would a PP perform if the US was "cancelled"?
This article's three years old but does put things in perspective:
https://www.forbes.com/sites/greatspecu ... c33c4370b9
Texas alone has a bigger economy than Russia - and Russia has nothing without petroleum exports.
https://www.forbes.com/sites/greatspecu ... c33c4370b9
Texas alone has a bigger economy than Russia - and Russia has nothing without petroleum exports.
Re: How would a PP perform if the US was "cancelled"?
Kevin K. wrote: ↑Mon Mar 07, 2022 9:19 am This article's three years old but does put things in perspective:
https://www.forbes.com/sites/greatspecu ... c33c4370b9
Texas alone has a bigger economy than Russia - and Russia has nothing without petroleum exports.
And consider California's economy is almost double Texas'. I think it's safe to say the world can't afford to "cancel" the US.
- vnatale
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Re: How would a PP perform if the US was "cancelled"?
Kevin K. wrote: ↑Mon Mar 07, 2022 9:19 am
This article's three years old but does put things in perspective:
https://www.forbes.com/sites/greatspecu ... c33c4370b9
Texas alone has a bigger economy than Russia - and Russia has nothing without petroleum exports.
2 things.
1) John McCain used to jokingly refer to Russia as a gas station masquerading as a country?
2) Ukraine is about the size of Texas?
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."