Philip Patrick
๐ค SpeakerAppearances Over Time
Podcast Appearances
And so many more.
Yeah, look, so many factors have been contributing.
You mentioned probably the biggest one, which was Biden's weaponization of the dollar back in 2022.
And I think what we're seeing now is not even really a precious metal story.
This is more of a credibility story.
What I tell people all the time, gold didn't suddenly become valuable overnight.
What changed, I think, over the last few years is the confidence in everything else priced around it.
We're talking currencies, government debt, growth forecast, all of it.
And markets, when they see things like this, they don't panic.
What they do is just reprice.
And I think that's ultimately what we're watching playing out in front of us, a slow structural repricing of credibility.
And I think
People focus a lot on prices, but I don't think the real story sits in prices.
And I'm taking your line, essentially.
I think what prices are are a thermometer.
And they're telling us that the system, and I'm not just talking domestically in the United States, but the global financial system,
sick and essentially has a fever.
Now, look at the mainstream media.
We've been talking about precious metals, you and I, for the last four years.
Bloomberg, CNBC, they're catching on today.