Philip Patrick

So we're very much encouraged.

Like I said, nothing has changed in terms of the fundamentals.

Some comments on what we just listened to.

It was frustrating to say the least, but I think very clearly she was just trying to put Besson into a trap.

it is very obvious you don't get 25% cumulative inflation by accident.

That is years of bad policy, spending explosions, money printing, energy shocks, and rate suppression under a Biden and Warren worldview.

It's an absurdity to try and put it on the shoulders of President Trump after 12 months while inflation has been coming down.

It's an absurdity, and it's

Clearly trying to put Besson into a word trap.

Besson is so far and above these guys when it comes to the economy.

They're doing a fantastic job, as everybody knows.

It frustrates me to have to listen to those cold opens.

Look, I think the lesson is very clear.

We understand a lot about precious metals.

They are countercyclical.

They perform very, very well during tough times.

We understand precious metals relationship with other asset classes.

We know inflation fuels their growth.

We know gold has an inverse relationship.

We know they're broadly safe haven assets.