Quote from: hugeblack on August 07, 2018, 12:23:36 PM

There have already been several shocks[1], and the world has been able to control it, so I do not expect a global economic crisis was leading to the collapse of the entire financial system.
A breakdown may occur for some individuals, banks, large corporations or even countries, so diversification of the economy is the only way to avoid bankruptcy.
Gold[2] and cryptocurrencies[3] considered as an alternative economic pattern of the current system, so if there is a global crisis will be offset by a wave of rising/falling of other systems.
So far cryptos have not gained sufficient confidence as a guarantor of value, so it is better to invest in gold.

[1] https://en.wikipedia.org/wiki/Financial_crisis
[2] Macro-factors on gold pricing during the financial crisis
[3] How Would a Financial Crisis Affect Cryptocurrencies?

An entire collapse is unlikely with the system that we've built up. It's so intricate that it could never completely fall apart, it would just have to be restructured. Worst case scenario a "bail in" where tax payers rescue corporations... again.

Gold doesn't necessarily gain value during a crisis. It spikes during times of high risk, along with Franc, Yen, and (now sometimes) Bitcoin. It gets monkey-hammered by major banks though so never retains value. And it doesn't carry interest, so isn't that popular for institutional investors. That's not to say you shouldn't buy it, I always make sure to have some gold hanging around. Just don't expect it to skyrocket.