Covid Crisis - Families Selling Their Gold

The covid-19 crisis is getting worse. In Indonesia is reported that families start to sell their savubg. Indonesian families hace habit to save gold as investment and saving. They are in the middle up families.

JAKARTA (TEROPONGSENAYAN) --Warga Kota Palembang, Sumatera Selatan, yang terdampak ekonominya setelah adanya wabah COVID-19 dalam tiga bulan terakhir, kini mulai menjual perhiasan emas untuk biaya hidup sehari-hari.
http://www.teropongsenayan.com/112279-miris-warga-mulai-jual-emas-untuk-bertahan-hidup

Those families sell gold for daily needs like food. They have spent their saving. That means the crisis has hit middle up families. That is not good sign in economy regionally in Indonesia.

Since covid crisis, therr have been many economic sectors a half dead like restaurant, tourism, hotels and schools. Those dieing sectors imply to other economic activities. Demand of local products will also decrease due minimum activities in those fields.

Budinessman should innovate the marketing and production strategies to survive. Surviving in crisis means growing in normal condition.

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