What happens to our investments, SGX, CPF, insurance, banks, etc in wartime? - Seedly
 

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Asked by Anonymous

Asked on 13 Dec 2018

What happens to our investments, SGX, CPF, insurance, banks, etc in wartime?

Additionally, if war breaks out, where can we invest or park the money safely during the war period.

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Commodities would be king in wartime. Buy Gold and hold till it's safe to go out again.

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Question Poster

14 Dec 2018

Agree with you. Gold is a universal money. Precious metals always win, especially in post-war where there’s a ridiculous inflation. The other most important commodities would be Food and water. Water would probably be as expensive as gold today. But who knows...

It is a bit difficult to speculate now. It will totally depend on what is the reason of war and which countries are involved in the war.

Gold is always considered a safe haven for investment during the critical situation even in the global market.

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Yl Chua
Yl Chua
Level 4. Prodigy
Updated on 07 Jun 2019

War in backyard?

Depends on whether the banks, sgx, data centers, factories, offices etc survive the bombing. If they do, there is a rare chance you may see your investments again. Though of course, likelihood is that the "local companies" do not survive well - imagine half or more of the employees dead or the factories bombed.

I think it's better to count one's blessings that he is still alive (or sometimes better dead).

At that point, it's likely everyone starts anew... and is more concerned about basic survival and maybe bartering for limited resources.

Just look at the other wars for inspiration?

Safe place to park is where there is no war. E.g. other countries. Or if you are talking about gold or silver.. find a good place to bury it and make sure it's not stolen by thieves. It will come in handy if you survive.

If am not wrong, your insurance is excluded from payouts in time of war. But you may still be covered when war ends, if the insurance companies are based overseas and survive? Or come back after the country restructures? Then again, it's either they honour it (based on what's in their system) or you can find your policy documents... Maybe. Just maybe. I don't know.

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Question Poster

13 Dec 2018

That must be a heavy toll to bear for the insurance company.
Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Updated on 07 Jun 2019

Everything will be halted and anything overseas will remain there...seems like we got slighly different priorities haha

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Question Poster

14 Dec 2018

I see
Lok Yang Teng
Lok Yang Teng

14 Dec 2018

It's quite speculative, nobody know's what will happen until it happens