Conflict and Cash: Preparing for the Economic Shock of War

Why essential industries and precious metals will outperform in volatile times.

War brings immense human tragedy and leaves a deep financial mark. Someone fortunate enough to survive must bear the costs not only of fighting but also of rebuilding afterward. In modern conflicts, these costs usually manifest as a mix of higher taxes and rising prices.

Taxes fall largely on the middle class, though the wealthy contribute too. Inflation…