I'd agree if you just had metals as your alternative money, crypto is a bit more liquid and you don't have to go to a coin shop to convert it

Yes, I think cryptos are an option but if online goes down, that could be a problem.  Lots of unknowns.  

I guess my primary concern would be financial censorship with a bank short term,

Yes, as history shows, when the markets have problems, typically banks shut down or severely limit access to your accounts.  That's why you try to keep as little money in the banks as possible.  The rest of the cash you need, keep it on hand...unless you want to stand in line for hours on end, waiting for an ATM, only to be able to pull out $50 a day.  They will ration cash, just like they did in 2008 in some states.

This is not very good advice as you need to take into account inflation - your piles of cash will depreciate a lot in value over time, or rather in buying power. So you're still being fooled by the global fiat money system.

Some inflation is unavoidable; we've all been screwed by inflation for the past 60 years, slowly but surely.  You have to have cash to buy things, even after a crisis.  Argentina and Venezuela proves this.  You can't walk into a grocery store and buy chicken using the barter system.  They will only accept cash/card.  

Also in hyperinflation / crash scenarios, your dollars will instantly lose their value as opposed to a creeping loss of value. So no good outcomes there.

Agree, but there's no avoiding it.  You have to have some physical cash to buy stuff.  Do not have a lot of assets in currency/cash, but you have to have enough to buy necessities.


The best scenario is to buy things you will need NOW, before inflation kicks into high gear - food, clothing, repair items - stuff you will need that can be stored.

Another possibility would be to invest in stocks - ETFs are a good, simple long term investment for savings. Altough this still has the risk of market crashes, in the past the markets have always recovered after a few years. So ETFs are great for long term investment horizons.

If you're going to invest, invest in hard assets (food, extra clothing, house essentials, self defense, car essentials, garden stuff, and metals).  Even more important with the shortages that are happening now and will continue!

I would only invest in the market, at this point, if you had a lot of $ and could afford to play around.

A small portion of your net worth you could also put into cryptocurrencies, for example Bitcoin if you want to keep things simple. As long as the internet exists, Bitcoin will exist. As there only can ever be 21 million Bitcoins, their value will steadily increase over the next few years as the market grows. Some call it the "digital gold" because of that.

If you want to be absolutely safe, invest in precious metals (fractional gold coins, silver coins. You probably want to avoid bars as they're impractical).

The most important thing is to diversify between different asset classes and not just put all your eggs into one basket.

I agree with all this advice.  You have to find the right balance between short term assets (money in bank, cash in hand, food at home) and long term (metals, long term food, extra house/clothing essentials).