Not necessarily. Gold and guns, certainly, but have some cash as well. A devalued dollar doesn't mean a disappeared dollar. Take Argentina 2001 until today as a case in point. The Peso was devalued 4-1 against the US Dollar overnight and banks accounts were frozen, but the Peso didn't disappear. But if you didn't have cash at home in 2002, you were SCREWED since the banks were all closed, and you couldn't access your accounts. When they reopened, you could only take out a tiny amount per week.
Gold, guns, food, cash and maybe even Euros. Keep diversified.
Read Fernando Aguirre's book "The Modern Survival Guide" (on Amazon) for a realistic look at a monetary collapse and living in the aftermath.
This kind of doomsday speculation makes my head hurt, but I agree on some level with the “cash is king” sentiment. Even if TSHTF, physical cash, even though just paper, is still:
1) recognized by all
2) easily portable
3) virtually impossible to counterfeit
4) scarce
So yeah, I think physical dollars will still be useful as a medium of exchange, perhaps even more so than gold, if all hell breaks loose.
We personally strive to never be more than 50% reliant on fiscal US infrastructure and systems for our long term retirement investments.
Groceries / Garden, Guns, Gold/Cash and Gas on hand (AT HOME) to get through at least a minimum of six months of any national monetary crisis, as well as a safe deposit box at your local bank and additional resources stored in a private bonded secure storage facility. A defense in depth per se......
Self reliance is the key .
My opinion !