Some financial “experts” will try to tell you they know the safe way to invest your money. Others will say, “Cash is King,” and by that they mean real, in-your-hands cash, not “digital” cash that you have tied up in banks or stocks or bonds. Others say that cash will soon be worthless; you need to invest in precious metals, because gold and silver won’t lose value even if the dollar fails. And still others say that cash will soon be worthless and so will precious metals, because once the monetary system fails, people will be wanting practical items, and gold isn’t good for eating, wearing or building.
So my question for you is, what are you doing right now with your cash? Are you still investing? Are you keeping it in the bank? Or are you stashing it somewhere safe? Are you diversifying? Buying precious metals? Stocking up on supplies and items to barter? Are you of the mindset that cash will be king, or that cash will be toilet paper? Or, maybe you are looking at it percentage-wise? (i.e., keep 30% of your assets in cash, the rest into other options).
I’m not asking for numbers, of course, and I’d rather you didn’t give any. But just in general terms, how are you protecting your assets?