This article by John Hathaway is important for two reasons. One obvious(the theme presented by the author) and another that may or may not have been the US administration’s reason for pushing for war and the subsequent sanctions. As he describes, the price of gold is lagging in reaching an inflation adjusted high compared to it’s nominal high back in 2011 when gold peaked from it’s ten plus years previous bull run. We may disagree on when that inflation adjusted high, which he calculates as being above $2300, is reached and exceeded but probably no one at this forum doubts, it is just a matter of time. The second reason, not mentioned about the war and the sanctions that he correctly describes as reducing global confidence in fiat currencies in general and the US dollar as the reserve currency in particular, is that the US whether purposely or as a result of their policies is accelerating the need for and date of introducing a CBDC. The resulting decline in dollar confidence and subsequent move to adding more gold to reserves(driving the price up higher and faster than just what inflation normaly does) means it is likely the FED introduces the digital dollar soon after the mid term elections. With an almost two year window from the November election until the 2024 next Presidential election, the Biden/Harris(or whoever replaces them) team will be able to announce results of their previously authorized study, plans for creation and phasing in of the digital dollar and a timeline for it’s rollout and adoption. https://sprott.com/insights/sprott-gold-report-putin-s-gambit/