Under extreme scenario assumptions, the discussion is not about profits, but about survivability.

On the asset level, the logic is very clear:

Gold:
Does not rely on systems, does not consume credit, mainly hedges against the risk of order failure.

Bitcoin:
Self-custody is a priority.
Exchange assets, under abnormal conditions, are equivalent to 'subject to takeover'.

Stablecoins:
USDT / USDC being usable is more important than being able to appreciate.
Address history must be clean, and the interaction parties determine usability.

Sovereign credit assets:
Not absolutely safe.
Freezing, restrictions, and repricing all have historical precedents.

Equity assets:
Tech stocks are highly dependent on globalization.
Once the supply chain and capital flows are interrupted, the valuation system collapses first.

Real estate:
Lowest liquidity.
Cross-border, monetization, and maintenance all rely on stable order, only lease, no pledge.

On the physical level:

Priority of identity increases.
Neutral, resource-rich, away from the core of conflict, is more important than the tax rate.

These are not pessimistic judgments,
but treating system failure as a stress test.

Hope it will never be needed.