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?
Gold, silver after you burn thru the 6 months of food will buy you food and anything else you need. You don’t have to have 1 ounce gold, you can buy fractional gold - 1/10 ounce. Another thing. What if your neighbours or friends that have nothing hear about your stored food? Cooking smells among hungry people travels far. And if you have to flee, gold and silver can help you establish in a new location. And yes, until this thing work’s itself out, people will trade in gold and silver. It’s been money for thousands of years. What’s to say there will even be grocery stores? When SHTF, there will be some A grade predators about in gangs. The police will be nowhere to be seen because they will be overwhelmed. Gold and silver are insurance. You can flee with it quickly.