Philip Patrick
👤 SpeakerAppearances Over Time
Podcast Appearances
I'm sure of that.
The problem in my mind with the Federal Reserve.
Listen, not dramatic.
Look at what happened in France and the UK.
The bond markets are not revolting in that respect.
You're absolutely correct.
Flip side, though, we've had five rate cuts in the last two years.
Borrowing rates have stayed fairly firm.
In a normal climate, rates should have declined.
So yes, bond markets aren't freaking out yet.
They're certainly happy with the direction Trump's heading.
But Scott Besson's reaction, you know more than me.
I'm getting this from the Daily Mail.
There's people within the administration trying to calm this down a little bit because I think if it goes too far, we may start to have problems.
Listen, there's so many forces driving it.
We've got inflation.
We've got de-dollarization.
We've got geopolitical instability.
It's like the perfect storm for physical precious metals that we're seeing.
By the way, I want to say something on foreign policy.