Steve Hanke Warns: $7,000 Gold, Oil Shock, Inflation Surge

00:00:13 Very Important Warning00:00:59 What does the Iran situation mean for energy-market risk premiums, and how long could they persist?00:04:43 Where does the Strait of Hormuz toll cost show up in markets?00:10:07 Could agricultural commodities be a hedge for investors in this situation?00:13:28 Is it too late for new investors to enter these metals?00:17:13 Why does Steve Hanke think a commodity supercycle is starting?00:19:32 How does Steve Hanke view gold and silver?00:22:24 Could central banks make things worse by treating this as inflation?00:27:35 What one move would Steve Hanke make with a $100,000 portfolio?