/biz/ - Business & Finance

>>58280180
If Iran attacks Israel directly, oil and gold will go parabolic.
Not saying it is likely, but it would be foolish to rule it out.
>inb4 back to pol inb4 muh two weeks
Not here to argue or speculate, just stating a fact that if it happens there will be massive global economic upheaval.

So, I live in the UK. London, to be specific. And I've noticed a lot of precious metals demand popping up lately. Keep in mind, this is an economically conventional area and international finance is a huge employer. But precious metals have A LOT of support here. Yesterday, I even heard a neighbor of mine say, "Yeah, I used to trade stocks, but I think I'm selling it all to FOMO into Moonshot Metals - they 'ave our backs!" And yeah, they do affectionately call them "Moonshot Metals" now. It's rather odd. Last Friday I was at jummah and the prayer leader said "Oi fellow Britbongs! It's treeBong, time ta stack silver roight?" and everyone streamed out of the mosque to the nearest coin shoppe. I'm very concerned this wave of precious metals demand will be unstoppable and the global stock market is finished this year - if it is struggling to hold its own here in London, what hope does it have in Shanghai, Lagos, and Karachi?