The Market Looks Calm… But That’s the Problem Let me be straight with you. When markets look calm while the world is anything but—that’s usually when risk is the highest. Right now, you’ve got: Rising geopolitical tensions Supply chain disruptions Energy shocks pushing inflation higher And a mountain of U.S. debt that keeps growing Yet somehow, a lot of financial assets are still priced like everything’s under control. That’s what professionals call “mispriced risk.” And in my experience, when risk is mispriced, it doesn’t stay that way for long. Gold Is Telling a Different Story Now here’s where it gets interesting. Gold hasn’t been shooting straight up lately. In fact, it pulled back from its highs. To the average investor,…

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