Ther is a reason why you termed it an emergency funds and that's because, its a fund reserved for moments of great and immediate need which seems like the kind of situation your in. A position where your left with 2 contrastive choices and you cautious not to make any bad decion.

If you call it an emergency fund and this is about that situation, you might just as well allow it to solve that which it was meant for. Otherwise, you could endure and adjust your budgets to suit prevailing circumstances in accordance with your economy.

Having to sell your assets doesn't seat well with me as, assets are investments of some sort and have the ability to generate that which you could spend in the future. This makes selling it a don't for just any course.