I have invested in silver and gold coins for awhile now but its convincing the wife to take another 20K - 30K and buy more gold/silver. She says we need fiat money to buy stuff right now until the dollar crashes.
Here's another option - buy stuff with your fiat money while it has power.
Consider things you'll need for the next few years - toothpaste, deodorant, cleaning supplies, toiletries, clothes, blankets, furniture, etc.
If your money is going to turn worthless - use it while it is worth something and turn it into things you're going to need anyways.
40k buys a lot of toothpaste. :)
Also worth thinking about - do you have other family you want to be able to help? Buy more toothpaste and those sorts of supplies so they will have them - even if they aren't paying attention like you. You'll wish you could help them if crap hits the fan, right?
Silver and gold only go so far - sounds like you have those bases covered.
Furthermore, you could consider looking at food supplies. Stock up on things you can freeze - meat, etc. Again, look out for your family and neighbors if that's in your heart.
After considering what you can freeze - look at dried foods that you would use anyways - beans, rice, etc.
All of these things take storage space - but if you're going to use them anyways, then you're only investing your money into those things now pre-emptively.
If you've got gold/silver/crypto covered - use the paper.
Got guns/ammo? Cars? Tools?
A half way mark - take it out of the bank and store it somewhere personal. At least then, if/when there is a bank run - you'll have your paper to play with for a bit before it goes worthless. Maybe not long - but at least you'll have an opportunity because you'll have it with you.
Gold, silver, and/or bitcoin. Not financial advice.
I have invested in silver and gold coins for awhile now but its convincing the wife to take another 20K - 30K and buy more gold/silver. She says we need fiat money to buy stuff right now until the dollar crashes.
Here's another option - buy stuff with your fiat money while it has power.
Consider things you'll need for the next few years - toothpaste, deodorant, cleaning supplies, toiletries, clothes, blankets, furniture, etc.
If your money is going to turn worthless - use it while it is worth something and turn it into things you're going to need anyways.
40k buys a lot of toothpaste. :)
Also worth thinking about - do you have other family you want to be able to help? Buy more toothpaste and those sorts of supplies so they will have them - even if they aren't paying attention like you. You'll wish you could help them if crap hits the fan, right?
Silver and gold only go so far - sounds like you have those bases covered.
Furthermore, you could consider looking at food supplies. Stock up on things you can freeze - meat, etc. Again, look out for your family and neighbors if that's in your heart.
After considering what you can freeze - look at dried foods that you would use anyways - beans, rice, etc.
All of these things take storage space - but if you're going to use them anyways, then you're only investing your money into those things now pre-emptively.
If you've got gold/silver/crypto covered - use the paper.
Got guns/ammo? Cars? Tools?
A half way mark - take it out of the bank and store it somewhere personal. At least then, if/when there is a bank run - you'll have your paper to play with for a bit before it goes worthless. Maybe not long - but at least you'll have an opportunity because you'll have it with you.