Bigworld, One thing Rickards never seems to recommend or even discuss is shorting. I don't subscribe to his newsletter, but have listened to many of his interviews, and his main hedges are gold, hard assets, cash, and some Treasury notes. He may have mentioned shorting once in relation to the British pound and Brexit (several years ago), but that's about it.
I assume there's a reason for that, ie it's too risky. Shorting means you are going up against a Fed that has been determined to re-inflate the stock market since 2008, and now presumably want to maintain it at/near these higher levels.
Some day Rickards may recommend shorting, probably when we're very close or actually in the midst of the collapse. But he says when the big collapse comes they will probably institute 'Ice-9' and the stock market will be closed, accounts will be frozen, perhaps for months. In that case having short positions won't help since all trading has gone dark.
So gold seems like a better bet than trying to short, a lot safer anyway.