Iran hardliners ramp up calls for a nuclear bomb, sources say - Reuters

Iran's nuclear posturing is textbook geopolitical risk premium territory. When hardliners start beating war drums, central banks and institutions quietly rotate into gold. We've seen this playbook before - remember the run-up to Iraq 2003 or the Ukraine invasion buildup. The smart money doesn't wait for mushroom clouds to start stacking. Physical premiums are already ticking up as dealers report increased institutional buying. Silver benefits too as industrial demand concerns mix with safe haven flows. Middle East tensions have a nasty habit of escalating quickly. Stack now while premiums are still reasonable.