Rick Rule: How likely is WW3? Here's why Gold price will triple over the next 5 years

Russia's President Vladimir Putin's war in Ukraine has caused significant moves in major commodities. Since the invasion of Ukraine on the 24th of February, the prices of oil, gold, uranium, and even soft commodities like wheat have all rallied.

Although a diplomatic resolution to this conflict will most likely be reached, the war will leave a deep impact on markets for years to come, according to Rick Rule, director of Sprott U.S. Holdings.

Video: Speaking to Michelle Makori, Editor-in-Chief of Kitco News, Rule said that it's only a matter of time before Russia runs out of resources to continue a protracted war.

Timestamp

0:00 - Ukraine and Russia

6:10 - Diplomatic concession?

9:16 - World War 3?

11:35 - Russia selling gold reserves

13:26 - U.S. curbing buying of Russian gold

15:01 - Gold price outlook

19:04 - U.S. economy

24:00 - U.S. recession?

27:55 - Nuclear power fundamentals

31:00 - Russia and uranium

33:00 - Sentiment of nuclear power

35:00 - Uranium stock picks

35:52 - Investing in Russian stocks

37:52 - Investment implications

39:00 - Rick's stock rankings

Source: Kitco News

Disclaimer: This video is provided for informational purposes only, and not offered or intended to be used as legal, tax, investment, financial, or any other advice.