What Are the Best Assets to Hold in Times of War?

We have to say it how it is; things aren’t looking up for humanity right now. The war in Ukraine could either end with some sort of agreement or bring the world into a global conflict that could look very ugly very fast. While we could be seeing the literal apocalypse unraveling before our eyes, it doesn’t mean that we should stop living, however. The world keeps turning and we still have to work to survive. And you need to find something other than cash to store value as we have no idea what’s going to happen to the dollar during this crisis. So, what are the best assets to hold in times of war?

https://pixabay.com/photos/gold-ingots-treasure-bullion-513062/

Gold and Other Metals

Gold has always been used as a financial refuge during times of war and there are many reasons for this. For one, its value can be easily verified no matter where you are on the globe, whether it’s Marrakech, Morocco, or North Dakota. Gold is gold wherever you are and has some sort of value everywhere, making it one of the most versatile stores of value there is.

Another thing that makes gold such a great store of value in the face of disaster is the fact that it’s relatively easy to move. You can carry a sizable amount of gold wherever you go, and you could even mint the gold into coins to make it easier to carry and divide.

You have to be careful to not concentrate on gold only, however, as it could become overvalued as more people start collecting what’s on the market. This is why it’s also a good idea to look at other metals such as silver, copper, and nickel as well.

Cryptocurrency

Bitcoin and other cryptocurrencies have reacted favorably to the war in Ukraine, and it shouldn’t come as a surprise. Cryptocurrency is seen as a refuge against disaster and inflation, and this was proven by how it reacted to the Covid crisis. Many people trust crypto as a store of value, and you should at least have some sort of exposure to the market.

You could take an aggressive approach here, but it would be a good idea to stay patient right now. Some experts estimate that you should put at least 10% of your total portfolio into crypto, and we have to agree.

If you’re intimidated by the crypto buying process, don’t be. Buying and selling crypto is a lot like trading stocks. If you have a basic understanding of stock trading, all you have to do is find a user-friendly crypto trading platform and start trading. Know, however, that you will first need to get familiar with things like cryptocurrency wallets and understand some of the limitations of crypto exchanges – like the ability to trade fiat currency for crypto, for instance – before getting started.

Commodities

Anything that holds intrinsic value should be a priority when preparing for a disaster, so you should also look at the commodities market. Those who invested in oil early in the conflict are making a killing right now, and other commodities like wheat, sunflower oil, and corn have all increased in value recently. So, we suggest you keep an eye on the commodities market and stay tuned for any sharp increase in value.

These are all assets you could consider in times like these. Let’s hope that the conflict ends with a diplomatic solution, but either way, you have to be ready and protect your assets from any global crisis.