What’s got me worried is fear of bank runs in the USA. Anyone here who keeps zero money in banks because of it? Would a good money market fund of all Federal gov’t securities be better? Like what Fidelity and Vanguard have?
We switched to a credit union. They mostly avoid toxic loans and I don’t think any of them have bailout cash or the current mandates to buy government debt. The money is safer, but you’re still writing checks for everything.
All account have minimums spare cash in safety boxes - nor banks or metal or - and this is a good investment - weapons.
If things really do get so bad then you can barter with weapons, use them to hunt, or kill the people who come to steal them from you.
And they will always be worth something, especially the high end, well made weapons...
Another thought inspired by Dave Ramsey: If you have cash, pay off all your debts. If you own your home free and clear, calamities with derivatives, government mandates with home loans and bank failures don’t matter as much. Pay off all credit cards and loans, and you can live off less money later.