From what I've seen and read gold and other precious metals seem to currently have their value based relative to everything else, especially currencies, which should be pretty obvious. A good strategy in my books and many others would be to watch the markets for the shift downward, sell modest amounts of the stuff on the way down, obviously not all of it, to acquire other assets that will benefit you either from a market standpoint or a survival standpoint. This would be good to do on the market uptick for precious metals in the immediate future of a market crash because after a while precious metals would start to level out and decline again due to alternatives like bitcoin.

The assets purchased from an uptick in the value of precious metals would definitely benefit you in the long run if and when the economy was to stabilize. When that uptick is gone, it's gone, so I would put it to use, not just ride it up until it's too late.