Are we close to World War III?

In our RRSR last week, we highlighted the ongoing talks of a possible nearing recession. We reach out to you guys on Facebook and more than 1,000 of you said you were worried about a recession.

However, some of you took to the comments to say you were more focused on World War III.

So, we decided to look into that a bit more and see what the experts think.

In an interview with Fox News, Senator Kirsten Gillibrand was asked about possible Russian cyber attacks. against U.S. and NATO infrastructures and if they would be considered an act of war.

She said cyberattacks are basically uncharted territory.

However, she did say that when it comes down to it, “The question is when [Russians] respond to our support of Ukraine, we will have to determine if any attack they do does rise to the level of a declaration of war against the United States. We are trying very hard to avoid the start of World War III because if and when that ever happens, that will result in the loss of millions of lives. And we are trying everything we can to help Ukraine push back Russia’s ambitions and to win that war on the ground.”

On Boston University’s “Question of the Week” podcast, Joshua Shifrinson, an associate professor of international relations, was candidly asked how close we are to World War III.

He said while we’re closer, we’re still a few steps away.

He said, “So right now, we have what could be considered an internationalized conflict. We have a conflict between two different states that is drawing more and more attention from external actors. Really, some of the most intense attention to such issues that we’ve seen since the end of World War II.

So, I can understand why people feel we might be on the verge of World War III. But we’re still several steps away: the United States is not actively involved, China’s not actively involved. And right now, the conflict, at least is confined to Ukraine.”

The Ukraine war has been a financial supporter for precious metals. Gold alone hit an all-time high earlier this month while many investors flocked to safe haven metals.

Because of these geopolitical tensions, experts say gold prices will continue to push higher in the coming weeks.

Chantelle Schieven, Shee-ven head of research at Murenbeeld & Co., told Kitco News that, “the overall fear in the market is not going away anytime soon, and that will continue to support gold.”

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