Precious metals just smashed through record territory. Gold and silver are rallying hard, and the culprits are pretty clear: investors are getting nervous about political pressure on the Federal Reserve, US interest rates are sliding, and geopolitical tensions—including the unrest in Iran—are pushing cash into safe-haven plays. When uncertainty spikes like this, traditional safe havens see money flowing in fast. It's the classic flight-to-safety trade playing out across the board.