What would be the best investment in case there is a depression

Think and act on the way to riches/millions

Is it cash, stock, diamond or gold.    No.

You have to be in survival mode.  What counts are food, water, shelter and electricity.  It has to be the survivalist wish list.   

Thus Bill Gates now becomes one of the the biggest farmland owner in USA (no 43). 

1. According to the 2025 Land Report, Gates ranks 43rd among America's largest private landowners with 275,000 acres. Roughly 248,000 of those acres are active farmland,   In case of economic cataclysm, we need food shelter, security.  Back to basics.   

Thus Philippines is good place to come to in case of such an economic disaster

                                                        Even China is aping him

WB dislikes avoid real estate. Should you?

Think and act on the way to riches/millions

In one of their talks WB mentioned that he dislikes investment in real estate:

     1.   Negotitations can take long and there could be many issues:   inheritance, taxes, lawsuits, 

           physical defect.

    2.  Its not a passive income source  You have to actually manage it:   pay rpt, have it surveyed, watch

         for encroachment

   3.  Its value could be altered dramatically due to natural disasters, sinkholes, volcanic eruption

   4.  The market is not very liquid unless there is bank financing.  

And for example commercial property is on the decline because of the WFH.   If the holder or lender is evaluating the value based on ROI (or income approach) the 50% vacant building is valued lesser and the banker may find out that he is under collateralized.  When the bank does, can foreclosure can  be far behind, or being poor?

Is gold a sound investment?

Think and act on the way to riches/millions

Warren Buffet did not hink so.  Because like cyrpto, it has not productive function.   Unlike companies that produce products, are sold, there are needs by the people

In hard times its price actually falls.   Also most of the gold supply  are limited and mostly what you trade are certificates -  paper that hardly represent real gold.    Its gain over certain number of years has been 10% or less.  Stocks fared better.  Appreciation and dividends

For an investment to be truly valuable it must be of value to humanity, like food, bottled water, load, internet   But gold are just used for jewelry and how many buy jewelry many times over   Just a few.