Wednesday , May 24 2017
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Wars and Rumors of Wars

Summary:
The world is nervous. With the recent US missile strike in Syria and escalating tensions in North Korea, people have turned their thoughts to war. Google searches for “world war 3” have hit all-time highs according to info available on Google Trends. Related searches such as “Trump war,” “Syria war,” and “nuclear war” are also trending at record levels. The Korea Times reported a high level of anxiety in South Korea as the US and North Korea spar in an escalating war of words and military posturing. President Trump recently ordered a US carrier group to waters near the Korean peninsula, saying North Korea is “looking for trouble.” An aid for Kim Jong-un warned a ‘reckless’ Donald Trump that North Korea will ‘annihilate’ the US. Meanwhile, South Koreans have flooded a popular message board in that country with talk of war.Things seem to have settled back to the status quo in the Middle East since Trump ordered a cruise missile strike on a Syrian airbase in retaliation for a chemical gas attack allegedly launched by the Syrian government. But tensions remain high. The tangled web of alliances, including Russia’s support for the Assad government, creates the potential for rapid escalation in the region, with the possibility of a broader conflict between the US and Russia.

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Wars and Rumors of Wars

The world is nervous. With the recent US missile strike in Syria and escalating tensions in North Korea, people have turned their thoughts to war. Google searches for “world war 3” have hit all-time highs according to info available on Google Trends. Related searches such as “Trump war,” “Syria war,” and “nuclear war” are also trending at record levels.



The Korea Times reported a high level of anxiety in South Korea as the US and North Korea spar in an escalating war of words and military posturing. President Trump recently ordered a US carrier group to waters near the Korean peninsula, saying North Korea is “looking for trouble.” An aid for Kim Jong-un warned a ‘reckless’ Donald Trump that North Korea will ‘annihilate’ the US. Meanwhile, South Koreans have flooded a popular message board in that country with talk of war.

Things seem to have settled back to the status quo in the Middle East since Trump ordered a cruise missile strike on a Syrian airbase in retaliation for a chemical gas attack allegedly launched by the Syrian government. But tensions remain high. The tangled web of alliances, including Russia’s support for the Assad government, creates the potential for rapid escalation in the region, with the possibility of a broader conflict between the US and Russia.

All of this underscores what we said in the wake of the US attack on Syria – the only certainty is uncertainty.

Of course, all of this uncertainty is good for gold and silver. The price of gold is up by about 8% since the beginning of the year, driven in large part by safe-haven buying as both political and economic uncertainty has increased. A recent article on CNBC called world tensions “a new pocket of opportunity” for gold.

Investment analyst Mike Maloney put it in even starker terms.

We don’t know the future, but we can always prepare for it.

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