Russia Default, Sanctions Damage, Gold: 3-Minute MLIV

The video discusses the 1998 Russian default and its long-term effects on the financial system, including Lehman Brothers. It examines the current state of the Russian economy under Western sanctions, highlighting the redirection of oil and gas supplies to Asia. The impact of potential bans on Russian gold and the broader commodities market is analyzed, with a focus on the price dynamics of gold. The role of China in the industrial metals market is explored, considering its growth targets and potential stimulus measures.

What factors are contributing to the current performance of industrial metals in the market?

In what ways might China's economic policies influence the demand for metals in the future?