If we think (and there have been numerous posts here to support this idea) that all major banks are going to fail because of over-investing in derivatives, what should we do if we have money in those banks? Pull it out in cash? Convert it to silver or gold? Put the cash under our mattress? And will cash be worth anything?
So if we have cash in checking or savings with a bank, how can we protect our assets?
"I think gold and silver are worthless."
Meaning you don't have any, right?
"You're not going to walk into a grocery store with gold shavings and buy bread."
This is exaggeration for effect. No one expects to use gold for tiny purchases.