At this point, the more relevant question may be how much stress global markets are already pricing in. Gold breaking above $5,000 an ounce and silver outperforming almost every major asset suggest investors are no longer hedging short-term risks, but repositioning for a longer period of economic and political instability. Gold is up more than 65% over the past year, while silver has surged roughly 270% in just over thirteen months. Those moves have unfolded alongside rising global debt, renewed geopolitical tensions, and early signs of US dollar weakness. Together, they point to a rally driven less by speculation ... (full story)