Have you heard that little tune? It returns with every conflict. A discreet yet persistent melody whispering that, in the storms of the world, some people never really get wet. The rich, it is said, are not the ones struck by the bombs. They stack their gold, their assets, and their fortunes into private jets, ready to take off at the first rumble in the sky.

Meanwhile, the consequences of war are felt elsewhere. In soaring energy bills, in rising fuel prices, in the daily lives of modest workers. Those who already had very little. Those who live beneath this carpet of bombs, economic and sometimes real.

Do you hear that little tune that says that when cities in the Middle East catch fire, certain private planes loaded with wealth take off for Europe, for London, Paris, or other financial havens? Fortunes cross borders far faster than people do.

And sometimes, more cynically still, there are those who profit from uncertainty. Those who speculate on the stock market during crises, betting on market fluctuations, on gold or energy, to increase their wealth even further. History has seen many of them. Wars have always had their profiteers.

Yet amid these geopolitical tensions and serious disruptions to trade in the region, some places continue to attract capital and fortunes. A recent report notes that the United Arab Emirates remain a land of opportunity for the wealthy. The country is steadily consolidating its status as a global hub for entrepreneurship, international capital, and private wealth.

Wealthy investors continue to favor equities, complemented by domestic real estate and substantial cash reserves. The diversification of their portfolios is also expanding through alternative investments and strategic hedges such as gold.

For ultra-wealthy individuals, concerns about currency depreciation and the advice of their wealth managers are among the main reasons for increasing their exposure to the precious metal. For many, gold remains the ultimate safeguard when the world begins to tremble.

Such is the contemporary world. Between bombs that fall and markets that rise, between hurried departures and capital that always finds a refuge. And always, in the background, that little tune reminding us that wars never have only victims. Sometimes, they also have their winners.

FM