Gold has been all over the place since the Iran conflict; highly volatile, but still a good asset to own (just my opinion). Perhaps taking some 'monopoly money' and buying gold at its current price is prudent?
The great physical realignment: Gold $10,000, silver $200, and the death of the paper market(Kitco News) - Global markets are navigating a violent realignment as a paralyzed Federal Reserve and escalating energy warfare in the Middle East collide with historic producer inflation. The Federal Open Market Committee (FOMC) voted 11–1 on Wednesday to maintain the benchmark interest rate in a target range of 3.5%–3.75%, citing "uncertain" economic implications from the broadening conflict in Iran. While the central bank signaled it still expects one rate cut by the end of 2026, it raised its year-end median projection for core inflation to 2.7%, acknowledging that price pressures remain stubbornly elevated despite the recent tightening cycle.
Philippe Gijsels, Chief Strategy Officer at BNP Paribas Fortis, told Kitco News that the immediate volatility in the precious metals sector is a temporary "de-leveraging" event occurring within the early stages of a historic cycle. He explained that while the paper markets are currently in a state of panic, the physical world is just waking up to what will be "the largest bull market in history".........
The fundamental case for hard assets is being bolstered by a "stagflation environment" where central banks may be forced to abandon price stability to prevent a broader economic collapse. Gijsels stated that he is "absolutely convinced that central banks eventually will all choose to let inflation run" to manage massive global debt loads, particularly in the U.S., Europe, and Japan. He argued that as the purchasing power of fiat currency diminishes, the market will realize that the money in their pockets is essentially "monopoly money," driving a massive rotation back into gold and silver.......
https://www.kitco.com/news/article/2026-03-18/great-physical-realignment-gold-10000-silver-200-and-death-paper-market
