Philip Patrick

adds another dimension and more instability.

And you're correct in your assessment.

Look, the Iranians can't wage a military war, can't win a military war against the United States.

So the best way to do this is to morph this into an economic war.

I think it's why they're

hitting the gulf states currently to to create the uncertainty and chaos and i think it's going to be a very effective strategy obviously oil prices increasing on the back of it significantly if the war is long drawn out and protracted that's going to increase even more and that puts pressure on things domestically ultimately we said this a lot under biden um

Oil is the most inflationary commodity.

Oil prices go up, put pressure on pricing across the board domestically at a time heading into the midterms when we really don't need it.

So the Iranians are smart, and I think they're going to continue to play a smart game.

So we'll have to see how this pans out.

But economically, this is problematic.

Listen, predictions, what I'm hearing is this is the perfect storm we're seeing now for precious metals, right?

The world is turning into chaos.

Sadly, the silver lining is it bodes well for investors in precious metals.

predictions now are increasing dramatically.

UBS, JP Morgan, Bank of America have scrambled to up predictions now on precious metals.

They're projecting 6,300 now for gold by the end of the year.

We're trading in the 5,100 range.

So significant upside from where we sit.

This ultimately strengthens the long-term fundamentals.