Florida Governor Ron DeSantis expressed concerns about the surge in precious metals, attributing it to a lack of confidence in the U.S. monetary system. The year-to-date rally in gold and silver, 61.19% and 79.36% respectively, is seen as an “indictment of the Fed” as investors seek hard assets to hedge against inflation and U.S. Dollar depreciation. Hedge fund manager Kenneth Griffin shares similar worries, emphasizing the need for asset diversification. Economist Peter Schiff predicts gold prices to continue rising, currently trading at $4,208.20 per ounce, with silver at $52.61. Schiff sees gold possibly reaching $20,000 per ounce.

Read more at Yahoo Finance.: ‘Investors Lack Confidence In Fiat’