How to Protect Your Investments During an US Economic Collapse

I have watched shows on CNBC about investment scams.  I have learned a lot while watching the shows.  The situations are different, but the outcome is always the same.  The victims were penniless while the criminal walked away with millions of dollars.  Here are some tips to avoid losing money.

1.  If it is too good to be true then it probably is just too good to be true.  In many cases, the con artist promised the victims ridiculous figures on the returns.

2.  Background checks are necessary.  Most scam artists are great social engineers and know how to manipulate people. Investors must do background checks to make sure the investment is solid.

3.  Be care in using your primary residence to invest.  In many cases, the victims took out home equity loans to finance investments in the scams.  This puts the investor at a disadvantage if things turn bad.  Using the primary place of residence can be a particularly dangerous risk.

4.  Stick with proven investments that continue to perform over time.  Gold and silver are solid investments.  Real estate is also an excellent opportunity.

5.  Always check with a trusted financial planner before investing.  In addition, a financial planner can help an investor research and analyze financial trends.

In the event of an economic collapse, an investor can not afford to lose money in a scam.  I feel some would try to use the threat of a stock market crash to create a panic mentality and a sense of urgency.  Fear and desperation create the perfect atmosphere for social engineers to take advantage of people.  I would recommend being very conservative in any financial or investments decisions. I truly believe an economic collapse is imminent, and it is just a matter of time.