Secret Saudi Gold Purchases, Nuclear Doctrine Russia & Euro Loss of Value - Frank Knopers

Yael Potjer speaks with Frank Knopers of Geotrendlines in a new monthly update. We start with an update on the conflict in Ukraine. Russia has changed its nuclear doctrine. What does this mean exactly?

Despite the sanctions, we do see that the EU is importing more Russian gas again. A Hungarian minister said: "Everyone does business with Russia, but only we are transparent about it". Are the sanctions watertight? We also discuss the cooperation between Russia and Iran and see the plans for a new trade route.

In addition, we discuss the reports about a new international payment system that the BRICS are working on. Countries such as China want to become less dependent on the dollar and are therefore building an alternative system. Does gold play a role in this?

We discuss the record gains in the Chinese stock market following measures from Beijing. The US Fed also intervened. What's behind this decision?

Meanwhile, the gold price continues to rise sharply. Frank indicates that there is a lot of demand for gold from central banks. We see that Saudi Arabia has been buying huge amounts of gold, 'under the radar'. Frank says they don't do this publicly because you can see it as a "vote of no confidence in the dollar." What exactly is behind it and what are the expectations for gold and silver?

Frank also shares an interesting graph on the development of house prices. Have house prices become much more expensive or has the euro lost a lot of value? Finally, we'll take a look at a noteworthy post about Rolex and discuss alternative investments.