Iran "Laying Traps" And "Building Up Defenses" On Kharg Island, Preparing For U.S. Ground Attack
Kharg Island handles 90% of Iran's oil exports. When they're digging in for a fight there, it signals serious supply disruption potential. Oil shocks historically drive flight-to-quality flows into precious metals. We saw this playbook in 1979, 1990, 2003. Central banks have been loading up on gold for exactly these scenarios - currency debasement from energy price spikes. Silver benefits even more from industrial demand destruction fears. The timing matters here. COMEX registered gold inventories are already tight. Any Middle East escalation that threatens 4% of global oil supply will send institutional money scrambling for real assets. Physical premiums will gap higher first.