Where to Make Money in This Frustrating Lockdown Situation
There is panic in the markets but I for one have been waiting for market opportunities like this since 2011 when Gold last surged. With a little bit of money you can make a significant return (1,000%) if placing your money in a smart way, lets look at the two biggest areas I think could be huge for you in the months and years ahead:
Gold
For over 5,000 years, gold has been mankind’s most enduring form of wealth.
Governments are destroying their currencies at breakneck speed. Following the outbreak of the coronavirus, which popped the bubble that has been ready to explode for a long time, governments have thrown out the last semblance of fiscal and monetary sanity. Central banks have fired up the printing presses and created more currency units out of thin air than they have for most of their existence.
Some smart ways to play this could be Gold Mining companies or gold royalty companies. Names such as Franco Nevada (FNV) around the $100 price and Wheaton Precious Metals (WPM) around the $30 price could be a good move, but wait for a pullback as the price is currently a little high. More speculative plays could be companies such as Lynas Corporation (LYSDY),
Cryptocurrencies
I got in late (2016) however I have still seen 1000% returns and then next bull run is about to hit and the smarter plays seem to be Bitcoin (BTC) and Monero (XMR). Bitcoin as its the main gateway coin and Monero as it is the strongest privacy coin and in times like these when governemnts are taking away even more freedoms, people will naturally look for privacy.
I hope that is useful and I hope you all stay well and make some money when others are fearful.