Having a bit of FIAT : OK
Real estate after a crash : OK
But please, don't advice people to buy things like diamonds, guns, bonds and stocks... please, this is ridiculous and terrible advice.
If people want to diversify, they can buy some gold and silver when it's low.
eggs in many baskets friend eggs in many baskets ... and i'm *not* advising anyone to do anything ... though i will say ... diamonds are still 1000x more expensive to produce artificially than to mine and they have industrial and artistic purposes ... guns have a practical real world purpose and are no worse than collecting classic cars antiques or art ... bonds are free money so long as your local government doesn't fail completely in which case you have much bigger problems than what % your investments made today ... and yes i wouldn't advise anyone to invest in any stocks that are not shares of extremely well established companies that fill necessary infrastructure needs of the global society ... gold and silver are quite volatile actually but overall have been excellent over the last 10 years ... they also have aerospace industrial and artistic value ... i've never lost any money on any of these things and in a year+ long bear market that's lost 80%+ of it's value (aka bitcoin) i've managed less than 0.5% loss of my net worth as a result of any involvement in bitcoin much of which has been finally made back after scraping the sub 200 / 200+ recent lows and all of which has been negated by gains in everything else ... so yeah ... i'd argue it's ridiculous terrible advice to put more than a few % of your net worth into a highly speculative experimental technology that has proven hyper volatile throughout its entire whopping 5+ year history ... but hey i suppose you'd consider me a neanderthal style scum sucking bottom feeder buying in anything i can at whatever point something craters then watching "recovery" gains in addition to buying safe things i can physically possess which can gain value ... it's worked out well for me so far ...