FT News Briefing

Dispatch from Kyiv

Mar 23, 2022
Tim Judah shares firsthand accounts from Kyiv, revealing the unexpected calm amidst fierce conflict as civilians flee from Russian advances. Heartwarming stories of resilience highlight the strength of the Ukrainian spirit. Meanwhile, Claer Barrett delves into the allure of gold as a safe investment in turbulent times, exploring its historical significance and the concept of shrinkflation. Join the conversation about survival and strategies for financial security in uncertain landscapes.
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ANECDOTE

Fleeing Irpin

  • Tim Judah visited Irpin, a town near Kyiv, witnessing civilians fleeing amid Russian checkpoints.
  • An old woman waved a white flag, and others followed with white armbands, discarding them upon reaching Ukrainian lines.
INSIGHT

Ukrainian Organization

  • Ukrainians demonstrated remarkable organization and discipline during the conflict, surprising Tim Judah.
  • Municipal teams and residents cleaned up bombed buildings, officials took statements, and distributed plastic for windows.
INSIGHT

Gold Rush

  • Russia's war in Ukraine caused investors to seek safe assets, driving up gold prices to $2,000 per ounce.
  • This surge prompted FT readers and listeners to contact Claer Barrett for financial advice.
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