If the economy should collapse would it be smarter to?

Question

not have very much money in banks and instead have it hoarded up and hid away in cash?

Answer 1

i believe it would.

But the FDIC is supposed to insure that all that stuff from 20's doesn't happen again.

but if they didn't have money.. then how would you get yours, right?

I'd keep it in a safe or something.

I have a checking account, but i never keep over 300 dollars in it..

Answer 2

you better have everything paid for and plenty of commodities to take care of yourself, cash money is not going to be worth much. You cannot eat cash and it makes a very fast burning fire and gone in a poof. so your still gonna get cold. Your best bet is to be ready for a long camp out!