As Peter Schiff put it in his latest podcast, the yellow metal is climbing a "wall of worry."
Clearly what we did heightens the risk in the Middle East and in particular with Iran...
The question is is the world a safer place? Is America in particular safer now that we took this guy out? And nobody knows the answer to that for sure, but the odds are probably not."
Peter said that these things have a tendency to blow back with unintended consequences, just like everything the government does.
My initial feeling is because we took out this guy, the world is a little bit less safe than it was the other day. And the risk premiums have to go up, because the odds of some type of hot war in the Middle East go up."
As with any conflict in the Middle East, this raises the possibility of a disruption to the oil supply. This is not good news for the US economy.