It's cool, no judgment - I came a cross a partially-awakened fellow recently who was fully awaking, and he does have a LOT more assets than I'd imagined. He'd seen the bank headlines and asked me what I knew. For whatever reasons he's already invested in cases of precious metals, for years, and is semi-prepped. All I could add was to shift his stuff to credit unions and finish prepping in case his family wakes suddenly and shows up needy, as well as thinking about future business.
For us normal folk, I don't know about parental choices other than as parents, we've put into college funds and normal retirement savings. Yeah, if there's a 401k or IRA that can be swapped out for money market or CDs or something not stock market-dependent, now would be a good time. Moving it to paper certificates of silver or gold you can't touch is a bad idea. As for bank money, withdrawing and spending on lasting goods of value would be a good move, whether it's food, equipment, first aid, whiskey or ammo, things that can be resold and even profited on in times of trouble, or used yourself later. For instance, we bought freezers, and a chunk of cow, and other clean food that we vacuum-packed for cold or dry storage. We cook so all of it will be well used, and when we started that process, stuff was less than half the price it is now, do we've doubled our investment (even after adding in the freezer and supplies costs). Butter was <$2/lb, now it's >$4/lb, guess when we stocked up on it. Even now, we know things will only get more expensive and clean food harder to find as the water and farmland gets more contaminated, as they inject livestock, and continue burning down food plants.
It's cool, no judgment - I came a cross a partially-awakened fellow recently who was fully awaking, and he does have a LOT more assets than I'd imagined. He'd seen the bank headlines and asked me what I knew. For whatever reasons he's already invested in cases of precious metals, for years, and is semi-prepped. All I could add was to shift his stuff to credit unions and finish prepping in case his family wakes suddenly and shows up needy, as well as thinking about future business.
For us normal folk, I don't know about parental choices other than as parents, we've put into college funds and normal retirement savings. Yeah, if there's a 401k or IRA that can be swapped out for money market or CDs or something not stock market-dependent, now would be a good time. Moving it to paper certificates of silver or gold you can't touch is a bad idea. As for bank money, withdrawing and spending on lasting goods of value would be a good move, whether it's food, equipment, first aid, whiskey or ammo, things that can be resold and even profited on in times of trouble, or used yourself later. For instance, we bought freezers, and a chunk of cow, and other clean food that we vacuum-packed for cold or dry storage. We cook so all of it will be well used, and when we started that process, stuff was less than half the price it is now, do we've doubled our investment (even after adding in the freezer and supplies costs). Butter was <$2/lb, now it's >$4/lb, guess when we stocked up on it. Even now, we know things will only get more expensive and clean food harder to find as the water and farmland gets more contaminated, as they inject livestock, and continue burning down food plants.