webfact Posted March 7, 2022 Share Posted March 7, 2022 file photo by Michael Bridge It is obviously a worrying time for everyone in Thailand with currencies crashing, and the prospect of peace diminishing as Russia drives through Ukraine. Global stocks and equity futures tumbled last week while bonds and oil soared as Russian President Vladimir Putin’s decision to order a military attack on Ukraine cast a pall over global markets. So apart from hiding cash under the mattress, what are the sensible measures to take? Well firstly look at the past as an indicator. In occupied Europe during World War II, all things considered, gold was the best asset to hide in, preserve wealth, and maintain some liquidity. Thais as we know like to buy gold as many do not trust banks. Stocks, land, real estate, and businesses worked only if you had a very long-term horizon. A review of market reactions during the major wars between 1926 and 2013 shows that the impact of war on stocks was perhaps strangely largely positive, rather than negative. Keep up to date with all things Thailand - Join our daily ASEAN NOW Thailand Newsletter - Click to subscribe World War II, the Korean War, Vietnam, and the first Gulf War were all periods in which "both large-cap and small-cap stocks outperformed" their long-run averages (although the final war on that list was extremely short compared with the others). Perhaps more surprisingly still, volatility did not take off (in other words, prices didn't seesaw dramatically) indeed, markets experienced lower volatility than normal. Other safe havens Safe havens are investments that typically retain value or even increase in value when other investments lose ground. Bonds are a classic example of a safe haven asset. High-quality bonds with a low risk of default continue to pay interest through good times and bad. The safest assets are known as risk-free assets, such as sovereign debt instruments issued by governments of developed countries. With sanctions being announced daily, perhaps having a cash emergency fund is sensible, and maybe work with a financial advisor to create a diversified portfolio. Have adequate life insurance, through both work and/or private insurance, and make sure beneficiaries and wills are updated. Meanwhile, an ounce of gold was trading at US$1,927 on March 4th, which was up by US$17.67 an ounce in a week. The black market was of course the most lucrative profession during the war, but not sure if silk stockings and cigarettes will still be in demand in 2022! -- © Copyright ASEAN NOW 2022-03-08 - Aetna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. - Follow ASEAN NOW on LINE for breaking COVID-19 updates Get your business in front of millions of customers who read ASEAN NOW with an interest in Thailand every month - email [email protected] for more information 2 Link to comment Share on other sites More sharing options...
Popular Post ukrules Posted March 7, 2022 Popular Post Share Posted March 7, 2022 Is the Baht taking yet? Get back to me when it's 45 Baht / USD..... 1 2 Link to comment Share on other sites More sharing options...
FlorC Posted March 8, 2022 Share Posted March 8, 2022 In august 2020 when the gold price was 30.000 THB , Thai's were selling their gold. I thought stupid , and didn't sell. Gold fell back a lot of course. Now gold is there again ( and more in sh-tty euro) , but I don't hear the Thais selling while I want to .... I guess Thais are better at it than I and listen to them ? Gold and defence company stocks ? As soon as there is a stop of the conflict , gold will tumble again. 2 Link to comment Share on other sites More sharing options...
BE88 Posted March 8, 2022 Share Posted March 8, 2022 No, but all foods that can be stored for a long time are a good investment. ???? Link to comment Share on other sites More sharing options...
BritManToo Posted March 8, 2022 Share Posted March 8, 2022 (edited) 23 minutes ago, BE88 said: No, but all foods that can be stored for a long time are a good investment. ???? Tinned & shelf stable foods are always a safe bet. Store in plastic bins sealed with tape. Come TEOTWAWKI they'll be worth more than gold ................. And if it doesn't happen you can still eat them. Edited March 8, 2022 by BritManToo 1 Link to comment Share on other sites More sharing options...
Lacessit Posted March 8, 2022 Share Posted March 8, 2022 Investments earn income. Gold is not an investment, it is a currency hedge. Any Russian who bought gold prior to the invasion of Ukraine is now sitting on huge profits. A Swiss once observed to me Swiss francs are a good safe haven whenever there is a major crisis, as they always go up relative to other currencies. I guess investing in companies who stand to profit from the sanctions imposed on Russia would be safe havens. Link to comment Share on other sites More sharing options...
Lacessit Posted March 8, 2022 Share Posted March 8, 2022 4 minutes ago, BritManToo said: Tinned & shelf stable foods are always a safe bet. Store in plastic bins sealed with tape. Come TEOTWAWKI they'll be worth more than gold ................. And if it doesn't happen you can still eat them. Watched "The Book of Eli" recently? Link to comment Share on other sites More sharing options...
edwinchester Posted March 8, 2022 Share Posted March 8, 2022 57 minutes ago, FlorC said: In august 2020 when the gold price was 30.000 THB , Thai's were selling their gold. I thought stupid , and didn't sell. Gold fell back a lot of course. Now gold is there again ( and more in sh-tty euro) , but I don't hear the Thais selling while I want to .... I guess Thais are better at it than I and listen to them ? Gold and defence company stocks ? As soon as there is a stop of the conflict , gold will tumble again. Couple of wifeys friends sold at 30k a couple of years ago, bought later when it dipped and are now selling again. Link to comment Share on other sites More sharing options...
mokwit Posted March 8, 2022 Share Posted March 8, 2022 28 minutes ago, Lacessit said: A Swiss once observed to me Swiss francs are a good safe haven whenever there is a major crisis, as they always go up relative to other currencies. Apart from when the Swiss National Bank devalues it. 1 Link to comment Share on other sites More sharing options...
Lacessit Posted March 8, 2022 Share Posted March 8, 2022 9 minutes ago, mokwit said: Apart from when the Swiss National Bank devalues it. https://www.xe.com/currencycharts/?from=USD&to=CHF&view=10Y Link to comment Share on other sites More sharing options...
Henk Langeweg Posted March 8, 2022 Share Posted March 8, 2022 1 hour ago, BE88 said: No, but all foods that can be stored for a long time are a good investment. ???? Or shares in food companies. You've always need to eat .. 1 Link to comment Share on other sites More sharing options...
Popular Post Tropposurfer Posted March 8, 2022 Popular Post Share Posted March 8, 2022 Do what a lot of US senators do buy stocks in Lockheed Martin and McDonnell Douglas sure to make a 'killing' there. 1 1 1 Link to comment Share on other sites More sharing options...
bangkokairportlink Posted March 8, 2022 Share Posted March 8, 2022 Maybe propaganda medias ? the ones that didn't even allow people to tell the truth of their ideas about covid and that now do exactly the same about Russia... Link to comment Share on other sites More sharing options...
BE88 Posted March 8, 2022 Share Posted March 8, 2022 2 hours ago, Henk Langeweg said: Or shares in food companies. You've always need to eat .. Maybe but you need to know which company is the most reliable because but the stock card is not very appetizing ???? Link to comment Share on other sites More sharing options...
Marvest Posted March 8, 2022 Share Posted March 8, 2022 The goal of a 'safe haven' investment is to protect against volatility. A protective investment is an investment that maintains or increases value during the volatile period. Traditional safe haven investments during war time are certain currencies (including some cryptocurrencies), precious metals, and equities that benefit from war such as military contractors and oil. There are hedge funds that are set up for this specific purpose. The ultimate (and perhaps riskiest) hedge is to short a volatile equity. Like with most investments, timing is a critical success factor. Gains (or losses) are not realized until the investment is sold. Link to comment Share on other sites More sharing options...
brianthainess Posted March 9, 2022 Share Posted March 9, 2022 Sadly, munitions or body bag companies. Link to comment Share on other sites More sharing options...
KhunLA Posted March 9, 2022 Share Posted March 9, 2022 Same profits to be repeated with every regime change. Arms & oil stocks. Hmm ... almost like it was planned ... ???? Link to comment Share on other sites More sharing options...
Knocker33 Posted March 9, 2022 Share Posted March 9, 2022 (edited) Weapons manufacturers seems a safe bet. Edited March 9, 2022 by Knocker33 Link to comment Share on other sites More sharing options...
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