After bitcoin was hammered by the uncertainty the coronavirus is causing, then even gold lost 3 percent in a day, where do you go to protect your wealth in these scary times? First I want to say gold has slowly rebounded and recovered most of this loss but is struggling to make any gains. Im still at a loss as to why anyone would be selling gold right now, but im expecting the gold rally to continue, even aside from the fear in the market that I believe will soon start driving the price of gold, I'm expected fed rate cuts and quantitative easing to continue driving the price much higher. Like I said in a past post, a good way to capitalize on this is buying stocks of mining companies.
I'm thinking Netflix is a great buy, likely to see some new subscribers as people start to lock themselves in.
Kroger or any grocery that delivers could see sales through the roof as people load up before locking themselves in and then still do well delivering groceries after. Though, the smart person will load up with enough food not to have to have anything delivered, because I'm hearing doctors are saying the grocery is the best place to pick something up, but my guess is most won't prepare well enough and these companies stocks could hold your wealth and maybe even make a little. Im guessing uber and other food delivery companies could see the same effect.
Amazon is probably another one that could even see a rise in price as people lean on deliveries, though again I caution if you're trying to avoid germs, not a good idea, but im betting most people will still use their services.
Ultimately, all that to be said I stick with gold, especially because I'm bullish beyond the coronavirus, but if you're looking to diversify with decent options hopefully this gives you something to think about.
Any other companies or markets that could potentially perform well through the fear? Let me know what you come up with in the comments.