Yeah, I agree it’s a tough time. 3 million people lost their jobs in the US and thousands died around the world. This is a huge crisis. However, I feel speculative videos like these only feed fuel to the panic. Right now people are already bogged down mentally and emotionally. No need to bring up doomsday scenarios. Cheers.
It's not easy, people say physical gold is always the best, but storing it sucks. You could use an ETF that tracks gold or oil, which is like a stock. GLD isn't too bad and doesn't have wild swings for the most part. But having a mix of various things is always best. Don't take it from me though, need to research these things.
It really depends on what your line of thought is and your timeframe. If you want to be long oil, then you could use something like the USO ETF, or companies with a strong balance sheet and foreign exposure since US shale looks dismal. But oil would be a long-term buy and hold, we know the price can't go to zero per barrel. If the thought is we have deflationary pressure for the next several months due to the virus, then inflationary pressure due to all the money printing, commodities would be good long-term since they're priced in dollars. Gold, silver, oil, even other stuff like copper would store value since there are finite quantities. But keep in mind that prolonged uncertainty and debt deleveraging could mean most asset classes go a lot lower from here, so I wouldn't be buying long-term stock positions right now until things stabilize. Just my IMO.
Already, some corporate leaders are bristling at the potential terms of the grants and loans authorized by the stimulus legislation President Trump signed last week. Boeing’s chief executive, David Calhoun, for one has suggested that the aerospace company could raise money elsewhere if it found the government’s terms too onerous.