Inflation or deflation?

Hi,

with this crisis and with a lot of people losing their jobs and maybe everything they have, we need to ask ourselves how to prepare.

We can see here two scenarios, where both are possible, inflation, most likely or deflation. Inflation will just cut out the net-worth of everyone if it is not stored into some valuable good that maintains it's value over time. Here we see the gold buyers, as gold is actually a safe haven in such cases. Well most metals, like gold, silver and other.

I see my friends buying frenzy gold now. I won't as it will take from my liquidity and I need the liquidity at the moment as I think the times are going to be challenging and cash will be king. Also there will be good opportunities of investing when we hit rock bottom. The only thing is that we will never know when we hit rock bottom. Like the negative oil price, this was caused by massive over production. The big players with tankers made millions on those days as they will need to have the tanker loaded and bring it one month later some hundred of miles to the pipeline. Absurdity. Here who had the right means won and who didn't lost.

This can show us the other side of the coin, deflation. This is harder to recover as the market is saturated from overproduction, a lot of people are losing their jobs and everyone is frugal, sitting on money and not using it. This is for me an opportunity which need to be taught over a longer period. Investments shall be picked wisely as on the long run, they can bring fortunes, when the market recovers. I want to buy near the town of my parents a big storage facility to store some goods that I buy.

This choices need to be made wisely. I will focus on real-estate, to get some good deals in good areas. Besides this only on value goods. When I feel that we hit the deep I will buy shares massively.

How do you see it?