Thursday 24 September 2015

Oil vs Diamonds for the struggling russian economy

The collapse of the oil price has been painful for the russian financial system .... because oil was the best way for Russia to get foreign currencies !!!

With a ZERO economical growth worldwide, the price of oil will probably stay low for decades ....

Physical gold is a key political asset and will disappear from the markets ....

 But Russia is the most important producer of rough diamonds in the world !!!

Diamonds should be a main element for Russia to get foreign currencies .... because the world doesn t need more energy (oil), the world needs safe assets !!! 

 
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