Maybe too early to say for sure, as each ‘haven’ succumb to cratering, in turn, as part of collapse process.
At one point I had a lot of 0388.HK (HK Stock Exchange) as a haven, because it is equity, denominated in HK Dollars which in turn is tagged to the US Dollar, had an okay yield per payout rule, global-enough, connected to Shanghai and wired w/ London, owns the London Metals Exchange, and should do okay at the onset of any financial crisis given its commission flow.
By and by I am 0388.hk-less, the haven, and at this moment only have the shares I received as dividends.
I essentially got rid of most positions in the course of February so as to focus on the one beauty that is god-sent by its founder, Tesla. It was a lucky happening. Shorting TSLA enabled a ~5X return relative to whatever residual long positions I had on the table. Nothing brilliant, just plain dumb luck, again. And this time I did not even have to re-read the book, merely mentioning it was enough Message 32561688 :0) to remind me what to do, and how, without hesitation.
I now consider ‘haven’ to be physical gold even though the haven might crater to 900, or at least below 1400 easily. Once the shell shock passes, something else can serve as haven. Dollars and anything pegged to Dollars are nice now, handy, as a lot of stuff have been re-priced in Dollars, except gold, for this time it has re-priced the Dollar as opposed to be re-priced by the Dollar, so far.
Next step, as soon as the mines open and can courier out gold, the miners might serve as haven as the Dollar gets further re-priced down, as casualty of wars against everything from lots of imaginary enemies to either hype-d virus / flu or poopoo-ed clear & present danger.
I am disappointed that HKEX did not get cratered to its trade-war low, but am okay as it did get re-priced relative to Tesla. In a strange way, Tesla in effect has been my haven - well, technically, anti-Tesla / alt-Tesla / contra-Tesla.
 |
