As the conflict between the United States and Iran intensifies, the global economy is once again facing volatile market conditions. Prices of oil are sparking, and investors are fleeing into shock-absorber assets such as oil and gold (GCK26).
In his 1979 shareholder letter, Warren Buffett stated that while the government is "exceptional" at "printing money and creating promises," it remains fundamentally unable to “print gold or create oil.” Although written nearly five decades ago, this observation remains strikingly relevant as geopolitical instability drives investors toward material assets.
