Considering the effect of war on gold prices I asked Chat GPT the following question and got the appended reply. It is of course biased and I am sure you will see the areas of bias.
Thinking of the Ukraine attack on Russian nuclear delivery aircraft, of the morality of going against a current agreement. Your opinion please
ChatGPT said:
This is a profound and sensitive question — one that intersects military ethics, international law, and the evolving nature of war.
🧭 The Moral Dilemma
Ukraine’s alleged attack on Russian nuclear-capable aircraft, even if those aircraft were not carrying nuclear weapons at the time, raises key questions:
- Does Ukraine have the moral right to strike such targets?
- Is it wrong to violate a prior understanding or agreement — even during a defensive war?
Let’s look at both sides of the ethical tension.
⚖️ Argument For the Attack (Moral Justification)
- Self-defense: Ukraine is under full-scale invasion. Under jus ad bellum (the right to go to war), it has every moral and legal right to strike at legitimate military targets inside the aggressor’s territory — including delivery systems for weapons that have destroyed Ukrainian cities.
- Precedent and deterrence: Russian Tu-95 and Tu-22M aircraft have been used to launch cruise missiles that kill civilians. If these aircraft are capable of delivering nuclear payloads but are used conventionally, they are still lawful targets — especially if they’re being actively used in the war.
- Escalation is already asymmetrical: Russia has violated multiple international norms — targeting civilian infrastructure, abducting children, and threatening nuclear use. To say Ukraine should hold to a prior understanding (e.g., not targeting nuclear delivery systems) when Russia breaks larger taboos creates a moral imbalance.
⚖️ Argument Against the Attack (Moral Caution)
- Breaking implicit red lines: Some understandings — like not targeting nuclear delivery platforms — may be informal but are meant to reduce existential risk. Breaching them can set dangerous precedents or provoke escalation.
- Moral high ground: One of Ukraine’s greatest assets has been its moral clarity and restraint. Deliberately expanding the war into strategic nuclear realms (even without nukes involved) risks undermining this and feeding Russian propaganda.
- Nuclear stability doctrine: In Cold War logic, targeting the other side’s nuclear triad (even just part of it) was seen as potentially first-strike behavior. Even if Ukraine doesn’t possess nukes, the symbolism can create real strategic instability.
🌍 My View Chat GPT (Balancing Principles)
I believe Ukraine is morally justified in striking any actively used military target that is used to kill its civilians — including nuclear-capable bombers if they are launching conventional attacks.
However, moral restraint and strategic caution are also crucial — especially around anything that might be interpreted as escalation toward nuclear conflict. Ukraine and its allies must carefully weigh each strike’s potential to trigger irrational or disproportionate responses from Russia.
In other words:
Yes, defend yourself — but never lose sight of the bigger fire you’re playing next to.
My view (Larry)
I believe that this was an extremely dangerous move. I believe that it was sanctioned by Lindsay Graham and his cohorts. I do not believe it was sanctioned by Donald Trump. I think that ‘Republican’ support was promised. I believe that NATO and the European countries of France and Germany as well as the UK were also intimately involved. This is my conjecture. They want conflagration and need it because of their failing economies. I think the retribution on Ukraine will be beyond their imagination. I believe Putin is aware of the involvement of other nations but will keep his cool regarding nuclear escalation.
PLATINUM
Buy: (15 April 2025). Currently a hold. We have a spike high so expect a sell, no sell signal yet. Indicators are weakening, no sell yet.
URANIUM
Buy: (09 April 2025) URA Looking toppy. No sell yet.
BITCOIN AND GOLD
BUY gold versus bitcoin (24 May 2025). Gold outperforms bitcoin.
ETHUSD: SELL: 18 May 2025. Indicators still mostly negative.
BTCUSD: SELL: 19 May 2025. NASDAQ (Cyan).
GOLD AND SILVER STOCKS
Gold stocks outperforming gold (21 May 2025). Continuing to do so by far.
Silver stocks outperform silver (22 May 2025).
GOLD AND SILVER
The long term chart below shows the perfect cup and handle pattern. Usually a pattern such as this will resolve strongly upwards. We wait for a positive break upwards at the green circle.
Then hopefully the price will start moving to its correct relative value.
Silver to Gold Ratio
Silver outperforming Gold. (Signal given 22 April 2025) When we think that silver is coming out of the ground at about 8:1 and the Gold:Silver ratio is 94.57, something is way out of kilter.Silver is an astounding buy at this time or gold is in for an extremely heavy correction.
GOLD TO USD
Gold outperforms USD, (28 May 2025). Gold turning up against USD.
A LOOK AT THE GOLD AND SILVER CHARTS
| Today | Last Week | |
|---|---|---|
| Gold Price | $3,351.00 | $3,299.00 |
| Silver Price | $35.50 | $33.06 |
| Gold:Silver ratio | 94.58:1 | 99.83:1 |
| Gold Miners bullish percent index | 96.43 | 57.14 |
| Dollar Index | 98.78 | 99.78 |
| Dow:Gold Ratio (BahaUS 42,539.00 Gold price, $3,351.00) | 12.69 | 12.79 |
| Current USA inflation rate (Dept. of Statistics) | 2.3% | 2.4% |
Gold’s low of the week was $3,301.00 and the high was $3,403.00, now trading at around $3,349.00.
- Gold Monthly: is a hold. We bought in at $1,800.00 in October 2023. Funds flows into the metal are substantial. No sell signal yet. (Chart below)
- Gold Weekly: (SELL 12 May 2025) The sell indicators are very early, but I see no signs of recovery at this point.
- Gold Daily: (SELL 23 April 2025). Given the spike high not being exceeded, the sell signal remains in place. The candles have turned up, but no buy yet. The price has increased, but is looking overbought. I would wait for better confirmation.
The low for Silver this week was $32.95 and the high $36.06 trading around $35.50 at present.
- Silver Monthly: Hold. (Buy: $24.00 March 2024). Looking positive. (Chart below).
- Silver Weekly: (BUY 14 April 2025). Looking slightly weak. No sell yet. Strengthening.
- Silver Daily: BUY (21 May 2025). Very early signal. Great price increase subsequent to signal.
Our partner has stock of both gold, silver and Goldbacks in our vaults available in Panama. Please contact us for more information.
A video by Mike Adams on the Goldbacks.
Well worth a look!
On the Stockcharts.com charts, the blue vertical lines are our proprietary system buy signals and the red vertical lines are system sell signals – for information purposes only
An interview with Josh, owner of Scottsdale Mint:
Please contact us to arrange the purchase and storage of your gold and silver requirements in a safe, insured location outside of your jurisdiction.
If you are interested in an overview of Fort Kobbe, you may want to have a look at this video: Mike Brown, Director, Fort Kobbe, International Vaults, A DotCom Magazine Exclusive Interview
This is my interpretation of the market and is not to be taken as financial advice. Before making any buy or sell decisions I recommend that you consult with your professional financial advisor.
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