The possibility of a banking crisis is always looming, and investors are constantly on the lookout for ways to protect their assets in such situations. One strategy that has been gaining attention is investing in precious metals and diamonds.

Historically, precious metals and diamonds have performed well during financial crises. During the 2008 financial crisis, for example, gold prices increased by over 25% while stocks and other financial assets plummeted. This is because precious metals and diamonds are often viewed as a safe haven for investors due to their ability to retain their value even when other assets are losing value.