Marc Faber: Gold, Oil and War — My Outlook and Strategy Now

Marc Faber's take on Iran, liquidity, and gold is just another headline confirming what stackers already know: global instability drives demand for hard assets. Geopolitical risks aren't new; they simply manifest in different ways. This isn't a fresh insight for those of us watching the big picture, it's a constant reminder of why your stack is critical. Don't get caught up in the specific catalyst; focus on the enduring trend.

Gold is currently holding strong at $4763 an oz, with silver at $75.42. The gold/silver ratio sits at 63.2:1, indicating silver is showing resilience even if it's still playing catch-up. COMEX data has shown a steady increase in open interest over the past few months, reflecting institutional money seeking safe harbor, not just a knee-jerk reaction to a single news cycle. Physical premiums have also remained firm, underscoring persistent demand.

Keep watching the bigger picture. Any continued weakening of the dollar or further de-dollarization efforts by nations will accelerate the move into gold. Central banks are already increasing their reserves, not waiting for war headlines to diversify away from paper assets. This current environment simply adds more fuel to an already established trend.