Hello Everyone!
As the potential impact of the coronavirus continues to grow, it is important to reevaluate your financial resources. I am no financial adviser, but, I have learned quite a bit throughout the years. One thing I have learned is that you never put all of your eggs in one basket, so to speak.
For instance, I hold Crypto currencies and I also hold investment grade Coins. There are pros and cons for any asset group. I am starting to see a lot of people indicate that Crypto will become more in demand, as the Coronavirus impact begins to become more apparent. It would surely serve as a means to obtain goods, without going into the public and risking exposure to this contagion. This is true. The downside, would come into play should a critical mass of people become incapacitated or deceased from the Pandemic. It is very likely that Electricity supply would become undependable(at the best) and non existent, for the majority, at the worst. The internet may become undependable or inaccessible to many. Therefore, I would be very cautious about placing a large percentage of my financial assets into Crypto. I will maintain my current level and add only a small percentage of future acquisitions, in Crypto.
Precious Metals(in the form of coins or bullion) may well become extremely valuable in the resulting economy of a massive world wide outbreak. When insecurity, doubt, and fear become a part of the equation, people generally prefer to have something(of value) they can hold, feel, and see. This can range from valuable coins to foodstuffs and other necessities of life. I am not saying that we have reached that point, but, it is entirely possible, given the track record of this spreading lethal disease! Should it become wide spread and times become desperate, those who trust in God and make preparations will come out ahead.
Just some thoughts to consider. Please feel free to share your insights in the comment section below!
To access links and information about this growing threat, please read and revisit my post titled "The Coronavirus is much worse than you have been led to believe!..." I will be updating it as pertinent links and information come to my attention.
Thank You for Your time, attention, and interest!
Anthony