The outbreak of a world war would have significant effects on the global economy and financial markets, including the price of precious metals such as gold, silver, platinum, palladium, and rhodium.

During uncertain economic and political times, precious metals are often viewed as safe havens that retain their value in times of crisis. In the event of a world war, investors may flock to these metals, driving up demand and prices.

Historically, precious metals have been used as a store of value during times of conflict, as they are considered a reliable hedge against inflation and currency devaluation. For example, during World War II, the United States government fixed the price of gold at $35 per ounce to prevent it from being hoarded and to stabilize the economy.

However, in the current global economy, the effects of a world war on the price of precious metals are difficult to predict. While it is likely that demand for these metals would increase, other factors such as supply chain disruptions, production issues, and government intervention could also impact prices.

In addition to gold, silver, platinum, palladium, and rhodium, other precious metals such as copper and nickel may also be affected by a world war. Copper, for example, is used extensively in infrastructure and construction projects and could experience a surge in demand if rebuilding efforts were required. Nickel, on the other hand, is used in military equipment such as tanks and aircraft, and could experience a price increase if there were supply disruptions.

In conclusion, while a world war could potentially impact the price of precious metals, there are many complex factors that would influence market dynamics. As a result, it is important for investors to carefully consider their options and consult with a financial advisor before making any decisions about investing in precious metals. However, during uncertain times, it is prudent to consider the potential benefits of diversifying one's investment portfolio with precious metals.