For those who have eschewed the easily corruptible Federal Reserve system in favor of investing in gold, recent threats of international conflict have sent your stockpiles into the stratosphere.
As Donald Trump and Vladimir Putin face off in the Middle East over how exactly to deal with Syria’s monstrous President and the influx of ISIS militants, tensions are also rising to the east where China has begun pressuring North Korea to heed the warnings of the United States.
These conflicts could have immense global repercussions should any of them go sour, and that apprehension always tends to wreak havoc on the global economy. The first metric to show a major tick this go-round: Gold prices.
“The price of gold spiked to a five month high on Tuesday, and as I write this article gold is currently sitting at $1277.10 an ounce. Right now silver is at $18.35 an ounce, and many analysts believe that it is poised for a dramatic jump in the weeks and months to come as global tensions continue to rise. Google searches for the phrase ‘going to war’ are the highest that they have been at any point in recent years, and many people out there are starting to understand that the U.S. could soon be facing military conflicts in Syria and in North Korea simultaneously.
“In response to persistent threats from the Trump administration, the North Koreans are promising that they will not hesitate to use nuclear weapons if they are attacked by the U.S. military.
“In particular, an article that was just published in North Korea’s official state newspaper says that U.S bases ‘in South Korea and the Pacific operation theater but also in the U.S. mainland’ would be targeted.
“Most analysts do not believe that North Korea has any missiles that can reach the U.S. mainland, so that is probably an empty threat, but they can definitely hit Seoul, Tokyo and all U.S. military bases in South Korea and Japan.”
There are certainly more strange economic turns to be navigated as these international disputes gets ironed out, including a healthy jump in stock prices for companies such as Raytheon, who manufacture the Tomahawk Cruise missiles used in Trump’s airstrike on Sharyat airfield in Syria.