Joseph Wang 3

Cash is King

June 13, 2020

As at the 26th of May, the world has recorded more than 5.5 million cases of the coronavirus. The pandemic has led to the deaths of 348,000 individuals across the world. Lockdown measures have been reviewed, traveling has been banned from selected countries, small and large businesses have been forced to shut down since the emergence of the virus in Wuhan, China. It is only logical to conclude that the economies of the world, and several nations have suffered a drastic recession. It is in this pandemic that the discussions around the importance of cash have gained more prominence. More than any time in the last few years, several individuals now see the relative importance of possessing cash in the long run. The world is plagued with uncertainty, and it is almost impossible to accurately predict the next moment; who would have thought the whole world will be on lockdown in 2020? With the uncertainty of our existence comes the need to be prepared at all times, hence the need to p...