I just took out my last $71.42 and buried it like a treasure :).
The idea of something happening to your money is not that far fetched, but it is well in line with an idea of a doomsday scenario. If you have a problem with getting your money from your bank or insurance from the FDIC, chances are we will be in the middle of a catastrophic sized financial problem in this country and you will have much more to worry about than paper. You will need to provide food for you and your family amongst other things.
So the question lies, is it smarter to do a run on the banks or stock up on necessities? I just ran into a gentleman who owns 1 million pounds of wheat! Yes, I said that correctly 1 million pounds. He seemed to be somewhat of a normal person, but just felt as though the agricultural market and commodity market is on the brink of some major changes. Wheat has an incredible shelf life and as times get more difficult maybe stocking up on these types of things will be more valuable than a piece of paper. Just my two cents.
The more I dissect the issue of what could happen the more I realize that my worry no longer becomes one of finances, but much more of protecting my family and making sure there is food on the table. At the end of the day money means very little including silver and gold as you can’t eat it (I own plenty, but that’s reality).
