As history shows, in times of crisis, we are not talking about increasing the state, but about preserving it from complete depreciation and loss. “Now is the time for me when I don’t want to be a hero. It is much more important to protect and preserve what I already have, ”the expert shared his opinion.
He recommends that investors prepare for the acute phase of the crisis: "It is very important to have free capital in order to be able to immediately buy strongly depreciated assets, since there will be many people on the market who urgently need liquidity, which means they will sell their assets at a low price."
According to Simon Mikhailovich, gold is the optimal defensive asset, even despite the recent decline in its price. Over time, the value of this precious metal will only grow. Therefore, he recommends that you gradually build up your positions in gold over the long term in order to protect your savings from a complete loss.