Jan. 15 at 8:12 AM
$GLD $IGLD Even if Trump backs down on Greenland the world is not a game, and actors are not AI controlled NPCs standing there to accept someone's offer. End of Greenland shenanigans will not make everyone chill by removing their "-5 diplomatic penalty for Greenland against the US". What happens to Greenland does not matter for gold in the long run atp - Europe collectively got the short end of the stick, and now they are forced to get their asses moving.
Europe will remember the threats and warmongering, and will have to distance themselves from the US economically, politically, and militarily. China will obviously take advantage of the situation too, as they are realistically the best hedge against the US (and they know it), and will further complicate things. You may like the EU/NATO or not, but both are major international institutions, and if they are destabilized in any way, it will be an escalation of tensions. The impact will not be contained within Europe too.
