How To Protect Wealth In A Depression - Safe Haven Private Vaults (2024)

Home » How To Protect Wealth In A Depression

  • ByEric Buek
  • March 26, 2020
  • 1:21 pm
  • 10 Comments

How To Protect Wealth In A Depression - Safe Haven Private Vaults (1)

With current stock market conditions a lot of people are searching “How to protect wealth in a depression”. You’ve worked hard for your wealth, make sure you protect it during a depression by knowing the best assets to own and best places to keep it.

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Best Assets To Own During A Depression

In today’s market with unpredictable stock market conditions savvy investors are looking to more stable assets to avoid losing wealth. While our economy might have been on an upswing, recent events have greatly impacted the market. History has taught how important depression proof assets are. The Great Depression was one of the greatest teachers the world has ever seen when it comes to how to protect wealth in a depression.

Gold And Cash

Gold and cash are two of the most important assets to have on hand during a market crash or depression. Gold historically remains constant or only goes up in value during a depression. If the market is diving and you want to save your investment portfolio, investing in and safely storing gold or cash in a secure private vault is in your best interests.

As a guideline it is best for your emergency fund to be at least 3 months of your living expenses. While banks may seem like a safe way to store wealth they are not insured nor legally liable if something goes missing from safety deposit boxes. In addition the FDIC will not always be able to insure your money in banks. It is better to invest in hard assets such as gold, silver, coins, or other hard assets.

Real Estate

Real estate is also a good way to protect wealth during a depression. Debt free real estate ownership is another investment opportunity which typically holds value and appreciates. Location is of course a major consideration. An area of interest for savvy investors is near colleges, these areas typically weather depressions better. With that said the survivability of this wealth protection method does rely on the health of the local economy.

Domestic Bonds, Treasury Bills, & Notes

Mutual funds and stocks are considered to be a big gamble during depressions. While Treasury bonds, bills, and notes are more secure investments. These items are issued by the U.S. government. They give the purchaser a fixed rate interest once they mature.

Depending on your needs you may choose short term bills that mature in as little as days. If you are looking for longer term investment notes mature in as little as 2 years.

Foreign Bonds

In the past many experts would have recommended foreign bonds as your depression resistant investment opportunity. As recent events have shown this isn’t always a safe gamble. Worldwide pandemics and other market instabilities have overcome this as being a wise investment as all countries’ economies are being affected.

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What is The Safest Place To Keep Wealth?

You want to protect your hard earned money, but where is the safety place to keep wealth during a depression? You have options such as the bank, bank safe deposit boxes, or the most secure method: private vaults. Read about your options below.

In The Bank

Pulling your wealth out of the stock market and depositing into your bank accounts is a risk. While the FDIC does currently back your accounts up to $250k, there may come a time where that insurance isn’t available. That means banks could fail, along with your money.

In Bank Safe Deposit Boxes

For hard assets such as gold bullion, silver, coins, diamonds, or other valuable commodities bank safe deposit boxes may seem like your savior. Unfortunately banks nor the FDIC are legally obligated to insure or protect the items in the safe deposit boxes. In fact a bank employee was reprimanded by the Federal Reserve Board for stealing approximately $30,000 dollars from a Frost Bank in San Antonio, TX.

In The Stock Market

The stock market during a depression is volatile. Keeping a large portion of your wealth in such an unpredictable investment method is risky. While some stocks will likely rebound buying large amount of them may not pay out in the end.

In A Private Vault

Private Vaults are the most secure way to protect wealth. Moving your liquid assets into hard assets such as gold, sliver, diamonds, or coins helps invest in depression proof investments. Once you’ve invested keeping these items at your home isn’t wise and is downright dangerous. For this purpose Safe Haven Private Vaults was created. We offer your 24/7, military-grade security gold storage option.

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10 thoughts on “How To Protect Wealth In A Depression”

  1. How To Protect Wealth In A Depression - Safe Haven Private Vaults (9)

    Paris Patt

    August 22, 2020 at 4:01 pm

    I am retired, and have approximately $200,000 in American Express personal savings.
    I feel there is an upcoming depression worldwide coming.
    Is a personal vault or other vault, safe for gold, silver and diamonds?

    Reply

    1. How To Protect Wealth In A Depression - Safe Haven Private Vaults (10)

      Safe Haven Private Vaults

      September 23, 2020 at 9:08 am

      A personal vault at your home is safer than nothing. With that said, our private vaults offer you 24/7 surveillance, biometric access control, and much more. We protect your wealth all day, all night, so you can rest easy.

      Reply

  2. How To Protect Wealth In A Depression - Safe Haven Private Vaults (11)

    James Glosson

    May 2, 2022 at 5:42 am

    Can you name some honest suppliers to buy gold from?

    Reply

    1. How To Protect Wealth In A Depression - Safe Haven Private Vaults (12)

      Eric Buek

      May 5, 2022 at 12:54 pm

      We have a few clients who highly recommend working with Advantage Gold. They are located in Los Angeles, but they will ship gold to our facility if you plan to store here with us.

      Reply

  3. How To Protect Wealth In A Depression - Safe Haven Private Vaults (13)

    Anna F Denham

    June 21, 2022 at 9:27 am

    If I buy gold and send to you for protection, what are your guarantees? And how can it be converted into to useable money in the future?

    Reply

    1. How To Protect Wealth In A Depression - Safe Haven Private Vaults (14)

      Eric Buek

      June 21, 2022 at 9:45 am

      Great question.
      We would provide secure storage for your gold, and keep it safe until you had a different need for it.
      Currently, gold can be sold at many different places to convert it back into usable money. If you were storing with us and wanted to convert it into money we could also contact several of our clients who have previously expressed an interest in purchasing more gold.
      You can call us at 801-688-8810 to get more in depth answers to your questions.
      Thank you!

      Reply

  4. How To Protect Wealth In A Depression - Safe Haven Private Vaults (15)

    Anna F Denham

    June 21, 2022 at 9:29 am

    Where are Safe Haven private vaults located?

    Reply

    1. How To Protect Wealth In A Depression - Safe Haven Private Vaults (16)

      Eric Buek

      June 21, 2022 at 9:41 am

      Hi Anna,
      Safe Haven Private Vaults are located in South Jordan UT.
      Thank you for your comment!

      Reply

  5. How To Protect Wealth In A Depression - Safe Haven Private Vaults (17)

    Annie

    July 20, 2022 at 1:12 am

    At the time of depression, is not the best investment strategy to buy many stocks in the stock market? Since they have very low values during depression and often bounce back, I feel that this is a method with the greatest returns in the long run (20-30 years).

    Reply

    1. How To Protect Wealth In A Depression - Safe Haven Private Vaults (18)

      Eric Buek

      July 20, 2022 at 10:58 am

      Hi Annie,
      Good question.
      Investing in stocks when the market can definitely be a solid investment strategy. However, the “best” investment strategy for an individual depends entirely on that individual’s investment goals, opportunities, risk tolerance, etc.
      Gold can be used to get high returns, but is often used to diversify one’s portfolio, act as a hedge against inflation, etc.

      Reply

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How To Protect Wealth In A Depression - Safe Haven Private Vaults (2024)

FAQs

How To Protect Wealth In A Depression - Safe Haven Private Vaults? ›

In A Private Vault

How to preserve wealth during a depression? ›

Consider these five preemptive strategies that may help protect your finances in a recession.
  1. Revisit your budget. Keeping close tabs on your budget is a cornerstone of good financial health, especially when inflation is high. ...
  2. Pad your emergency savings. ...
  3. Tackle debt. ...
  4. Consider staying invested. ...
  5. Maintain focus on your goals.

What was the best asset to own during the Great Depression? ›

The best performing investments during the Depression were government bonds (many corporations stopped paying interest on their bonds) and annuities.

Where is the best place to put money during a depression? ›

Cash equivalents include short-term, highly liquid assets with minimal risk, such as Treasury bills, money market funds and certificates of deposit. Money market funds and high-yield savings are also places to salt away cash in a downturn.

Is cash worth anything in a depression? ›

And, nominally, that's true: holding cash means the value of your account won't suddenly plummet. But relying too heavily on cash can detract from your ability to meet your long-term goals. To wit, let's examine seven pros and seven cons of holding cash during a recession.

How to protect your wealth from economic collapse? ›

The Bottom Line

Build up your emergency fund, pay off your high-interest debt, do what you can to live within your means, diversify your investments, invest for the long term, be honest with yourself about your risk tolerance, and keep an eye on your credit score.

How to protect money from bank collapse? ›

Ensure Your Bank Is Insured

If a bank or credit union collapses, each depositor is covered for up to $250,000. If your bank or credit union isn't FDIC- or NCUA-insured, however, you won't have that guarantee, so make sure your funds are at an institution covered by deposit insurance.

What to buy before a depression? ›

To avoid that, we will offer just ten more important pieces of survival gear that may become handy during an economic depression:
  • Hunting and fishing supplies.
  • Seeds for fruits, vegetables, and herbs.
  • Water filters.
  • Multi-tools.
  • Sewing kit.
  • Personal defense items.
  • Flashlights, headlamps, and candles.
Jul 26, 2023

Who thrived during the Great Depression? ›

Business titans such as William Boeing and Walter Chrysler actually grew their fortunes during the Great Depression.

How did people survive financially during the Great Depression? ›

Farm Families and the Great Depression

Farmers could grow their own food in large gardens and raise livestock to provide meat. Chickens supplied both meat and eggs, while dairy cows produced milk and cream. Many women had sewing skills and began producing much of their family's clothing.

Where is the safest place to put money if banks collapse? ›

Money market accounts are worth considering as well; they're FDIC-insured, and combine features of checking and savings accounts. U.S. government securities—such as Treasury notes, bills, and bonds—have historically been considered extremely safe because the U.S. government has never defaulted on its debt.

Is my money safe in the bank during a depression? ›

Your money is safe in a bank, even during an economic decline like a recession. Up to $250,000 per depositor, per account ownership category, is protected by the FDIC or NCUA at a federally insured financial institution.

Are CDs safe in a market crash? ›

Are CDs safe if the market crashes? Putting your money in a CD doesn't involve putting your money in the stock market. Instead, it's in a financial institution, like a bank or credit union. So, in the event of a market crash, your CD account will not be impacted or lose value.

What are the best assets to own during a Depression? ›

Domestic Bonds, Treasury Bills, & Notes

Mutual funds and stocks are considered to be a big gamble during depressions. While Treasury bonds, bills, and notes are more secure investments. These items are issued by the U.S. government. They give the purchaser a fixed rate interest once they mature.

Is it better to have cash or property in a recession? ›

Cash: Offers liquidity, allowing you to cover expenses or seize investment opportunities. Property: Can provide rental income and potential long-term appreciation, but selling might be difficult during an economic downturn.

What happens to your money in the bank during the Great Depression? ›

In all, 9,000 banks failed--taking with them $7 billion in depositors' assets. And in the 1930s there was no such thing as deposit insurance--this was a New Deal reform. When a bank failed the depositors were simply left without a penny. The life savings of millions of Americans were wiped out by the bank failures.

How did people save money during the Depression? ›

To save money, families neglected medical and dental care. Many families sought to cope by planting gardens, canning food, buying used bread, and using cardboard and cotton for shoe soles.

Is money safe in the bank during a depression? ›

Money deposited into bank accounts will be safe as long as your financial institution is federally insured. The FDIC and National Credit Union Administration (NCUA) oversee banks and credit unions, respectively. These federal agencies also provide deposit insurance.

How did the wealthy maintain their wealth during the Great Depression? ›

Those wealthy whose wealth was all in the stock market or was highly leveraged, lost everything. However, not every wealthy person had all their assets in the stock market or leveraged with debt. Many wealthy people owned land and buildings, all debt free. Many had lots of cash.

Where is the safest place to put your money during a recession? ›

The Bottom Line

If you're wondering where to put your money in a recession, consider a high-yield savings account, money market account, CD or bonds. They can provide safe places to store some of your savings. It's worth noting that a recession doesn't mean you should pull all your money out of the stock market.

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