Corona (covid-19) has become epidemic throughout the world, not just attacking human health. The global economy is weakening due to corona. In the midst of uncertainty in global conditions, many people are trying to find safer investments, what should we do?
According to Bhima Yudhistira, an economist for the Institute for Development of Economics and Finance (Indef), said gold is a safe choice in the midst of conditions like this. He explained that the price of gold had gone up day by day.
"This gold, 38.7% increase over the past three years alone globally. In the last three months, 13.6% cuannya," Bhima said met at the Indonesia Stock Exchange, Central Jakarta, Saturday (07/03/2020).
But he warned, even in case of precaution, not all assets were invested in gold. The problem is, gold still has a difference between buying and selling prices.
"But let me remind you, if you want to invest in gold, don't put all of it in, just in part. Remember also that there are differences in the buying and selling prices," Bhima explained. Bhima also explained not to be too rash in releasing shares in the current condition. The reason is, there is still a possibility that the financial market will recover in the near future.
"But we can look at the data again, we will find that how fast the recovery is. SARS is only 3 months, then getting better again. China is only a few days for the comeback. So do not just follow selling as others did" said Bhima. Then, buying foreign exchange is also an investment choice amid economic uncertainty. Bhima explained, unlike the economic crisis in 2009 or 1998, now most people actually choose to buy Japanese Yen rather than the US Dollar.
"Where will the foreign exchange go? If I check foreign exchange index dollars or dollars against other basket currencies it turns out that the safe haven is not the dollar, the difference in 2009 is different from 1998. Now people buy up Japanese Yen," Bhima said.
Not without reason, according to him the movement of the Japanese currency is being strengthened. During the last three months the Japanese Yen has appreciated the value of the US Dollar up to 2.8%. "Japanese stocks fell again, this safe-haven yen is unique. Because the yen against the US dollar has appreciated 2.8% over the past 3 months," said Bhima.
