This is a question that always perplexes me so I'm wondering how you guys handle this.
I've been reading for years about investing in silver and other precious metals, how all the banks will all fail eventually, how the dollar will be worth very little (already kind of happening) so it's wise to move your money into something more tangible.
But what about smaller saved amounts, like let's say the equivalent of 4 months rent or something? How do you protect that, knowing that you wouldn't buy silver with it, invest it or buy land with it? The above makes sense for large dollar amounts, but I rarely see answers as to what to do with money you've been saving in amounts under 5 - 10k or less...
If leaving money in the bank isn't good if things go south, and taking money out of the bank is not the answer because cash will be more or less worthless, what do you do with smaller dollar amounts?
I've been reading for years about investing in silver and other precious metals, how all the banks will all fail eventually, how the dollar will be worth very little (already kind of happening) so it's wise to move your money into something more tangible.
But what about smaller saved amounts, like let's say the equivalent of 4 months rent or something? How do you protect that, knowing that you wouldn't buy silver with it, invest it or buy land with it? The above makes sense for large dollar amounts, but I rarely see answers as to what to do with money you've been saving in amounts under 5 - 10k or less...
If leaving money in the bank isn't good if things go south, and taking money out of the bank is not the answer because cash will be more or less worthless, what do you do with smaller dollar amounts?