I was reading how many people in Russia are scrambling to pull virtually all of their money out of the banks as they fear worldwide sanctions against Russia in the financial sector will result in them not being able to have access to their money. Because of this there was an interesting note on how many businesses such as restaurants are asking customers ahead of time if they actually have enough cash to pay for their orders since it affects credit card transactions.
I couldn’t imagine simply pulling out all of my funds from the bank and then say placing it all under your bed like a teenager. I would like to think where even if the system itself collapsed where you can’t pull it out you would at least have some kind of digital record of how much you actually had where it is recoverable. That is where many people also invest in actual items instead such as gold or jewellery.
Would you actually invest in properties as well such as additional real estate or land during these times if you fear the dollar value will drop immensely? That is one thing that is usually always a safe investment of sort. But again, I can’t imagine carrying around so much money in say a suitcase like some spy agent movie.