We’ve been through a lot as a human species over the last two years and it seems like the world we’re living in has been thrown upside down. The nature of our economies is morphing before our eyes too, and many people are beginning to ask themselves what the best economic refuge for them would be. This is a legitimate question to ask, and one anyone who truly cares about their financial future and the future of their children should think about. Let’s take a look at some assets that you should consider investing in times of conflict and uncertainty.
Some people like Mark Cuban state that all investors should try to have around 10% of their assets in crypto – and that’s sound advice. This will allow you to have exposure to the crypto markets and dial up your investment as you gain better knowledge of them or if you see a sudden upturn.
Mark Cuban also said that he is very bullish on altcoins and has his eyes on projects like Klima DAO, Ocean Protocol, Blockto, Injective Protocol, and the Alethea Artificial Liquid Intelligence Token, among others.
If you’d like to invest in altcoins, you must do your research on the projects you’re interested in, look at their use case and how it was demonstrated, and look at the people behind the project as well. It would also be a good idea to use a crypto calculator converter to have an accurate view of what different coins will cost in fiat dollars so you can start making comparisons.
Gold, Silver, and Other Metals
Gold has always been seen as a refuge against inflation, and part of it is because it is priced in US dollars, and as the price of everything will go up, so will gold. But there’s also the fact that people tend to stock up on gold during recessions and when there’s less hope in central banks.
You should, however, try to look at other precious and semi-precious metals too. Silver is another option you could consider, along with metals like platinum and palladium that may be less overpriced.
A lot of people are afraid to invest in commodities or don’t know how to. But they can be a great option during times like the ones we are living in now.
You can buy commodities through a broker, or invest in things like futures, options, ETFs, and other financial instruments. You can use your skill and your understanding of global markets to predict which commodities are the best bet and which ones will do the best in the next coming years.
People who invested in wheat right before the Ukraine conflict, for instance, have been able to make some profits during this period, and it’s safe to say that the world will not stop consuming wheat anytime soon, which could make it one of the best stores of value you can think of. Other commodities worth looking at include oil, natural gas, electricity, and livestock, just to name a few.
These are all assets that could make sense to you if you’re looking for a refuge against inflation and economic collapse. Look into all of these assets in close detail and see how you could incorporate them into your investment strategy.