This compilation of financial insights includes videos from SD Bullion, Joe Blogs, and Tech Revolution.
SD Bullion talks about gold closing at the highest price ever.
Joe Blogs discusses Russian oil and gas revenue falling as sanctions crush the Russia’s economy.
Tech Revolution shares news of the US shocked by Russia’s new gas routes that changes everything.
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SD Bullion
Premiered Mar 1, 2024
Gold in fiat US dollars had its highest price close ever today.
Yet those living in the Western world would hardly know this fact, given the rampant bubbles ongoing in respective competing asset classes.
The spot gold price surged to close the week’s trading just below $2100 oz.
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The spot silver price followed with a slight pop to close the week above $23 oz.
The spot gold silver ratio still finished laughably high just below 90 on the week. That said, in a bullion bull you want to see gold lead so let’s see if gold can continue its strength next week.
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Joe Blogs
Mar 2, 2024
Russia’s OIL & GAS Revenue Fell 55% in January 2024 compared with the revenue Russia was earning prior to the invasion of U-----e. In addition to this huge reduction in income Expenditure is continuing to increase due to the investment in the War, which means that the Russian Economy is now incurring massive LOSSES. In this video I provide more details of the figures and discuss the problems that Russia is now facing.
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Tech Revolution
Mar 2, 2024
Let’s embark on a detailed exploration of the Northern Sea Route (NSR), a crucial lifeline actively utilized by Russia to connect its Northern and Far Eastern territories. This route isn’t just about local connectivity; it’s a game-changer in global trade. Picture this: a journey from St. Petersburg to Shanghai, taking a mere 28 days via the NSR. This is way shorter compared to the lengthy 50-day haul through the Suez Canal.
Russia is stepping up and offering a helping hand in the midst of tensions in the Red Sea. The deal is, they’re all in to ensure top-notch security for ships cruising the Northern Sea Route. Ambassador Nikolai Korchunov from the Russian Foreign Ministry spilled the beans on this.
Korchunov reveals that Russia is keen on offering an alternative to Red Sea Shipping. Russia’s not just talking the talk; they’re genuinely worried about what’s going down in the Red Sea region. Korchunov emphasized how they’re taking their role seriously in the global maritime transportation game. Plus, he dropped the bomb that they’ve got a plan – a big one.
Back in 2022, the Russian government gave a thumbs up to a development plan for the Northern Sea Route until 2035. Think icebreakers, supply vessels, ports – the whole shebang. And yeah, security during navigation is right up there on the agenda. What’s cool is that Russia is throwing the Northern Sea Route doors wide open for all countries, no favoritism here. They’re even boasting about how navigation there is like a fortress – super secure, sustainable, and environmentally friendly.
In fact, it’s catching the eye of logistics companies looking to play it safe. Container lines are becoming a regular thing on the Northern Sea Route, adding a bit of spice to the maritime scene.
Moscow wants to reroute its sanctioned hydrocarbons to Asia using the Northern Sea Route. Russian President V------------n even called it “one of the obvious strategic priorities.” They’re going all-in, investing around 20 billion euros by 2035 in a Northern Sea Route development project.
Now, they’ve upped their port game from four to 11, stretching the route all the way to Vladivostok in the far east. And guess what? Between January and October, a whopping 31.4 million tons of cargo sailed through the Northern Sea Route – that’s like ten times more than a decade ago!
As of now, Russia has 30 Arctic class ships in action and 33 more in the works. But hold on, they’re aiming for a whopping 100 Arctic class ships! Ambitious, right? Russian authorities are eyeing a goal of shipping over 190 million tons of cargo through the Northern Sea Route in 2030.
Russia and China are the big s---s making moves in the Arctic. Russia set the stage with a 2015 decree approving NSR development until 2030, causing sea transport volume to spike by about 9 million tons between 2017 and 2018. China is not staying on the sidelines. It entered the scene with its 2018 Arctic White Paper and the 14th Five-Year Plan, introducing the “Polar Silk Road” as part of the Belt and Road Initiative. Russia’s President P---n even welcomed this, saying “the Silk Road has reached the North.”
Since then, the NSR has been buzzing with activity. Transits jumped from 27 in 2018 to a whopping 62 in 2020! Traffic volume skyrocketed too, going from roughly 18 million tons in 2018 to over 30 million tons in 2021.
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China, being all about maritime trade, sees the NSR as a game-changer. The “Malacca dilemma” pushed China to diversify its oil and natural gas supply routes, and the Arctic shipping potential became a lifeline. The NSR not only dodges Suez Canal issues but also gives a safer, faster route to move goods between China and Europe.
China and Russia are taking things up a notch. They’re eyeing new railroads, deep-water ports, and even a fiber optic cable spanning about “10,500 kilometers along the Arctic Circle.” This cable doesn’t just boost connectivity; it enhances navigation safety by amping up data transmission. Huawei is lending a hand to make communication faster and more efficient between ships and the coast.
And here’s the thing, P---n invited countries to join the NSR development at the third Belt and Road Forum. The Nothern Sea Route has staged a remarkable comeback since 2006. It’s not just about shipping; it’s a strategic priority for Russia, as seen in the government’s plan for development until 2035. According to Vyacheslav Ruksha, from Rosatom, the pandemic may have caused adjustments, but the NSR is thriving, supporting national interests and surpassing cargo traffic targets.
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