I genuinely feel that there will be another economic collapse in the next 5 years and I want to protect my assets as much as possible.
Will I be better off having a personal reserve of gold/silver help during an economic crisis?
Are there better ways to address this?
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xanaxinator ago
Well, it depends.
If you are looking long-term for something to bury or as an inflation hedge, by all means--do it!
Just be aware that, in the event of global societal collapse (not likely) gold will be utterly useless to you. People will not want to trade in it--they may at first, but if things aren't getting back to "normal" in short order people will want nothing to do with precious metals.
You can never go wrong with guns, ammunition, drugs (antibiotics and painkillers), and potable water/clean food (or the means to make them so). Two-way radios will also be (excuse the pun) worth their weight in gold when the collapse comes. I recommend spending a few bucks and building your own Faraday cage and storing your electronics in there. Nothing wrong with an extra bit of precautions!
OWNtheNWO ago
All extremely sound advice. I'd add silver is more beneficial, especially if you have the means to turn it into colloidal silver.