Truthfully, I sincerely suggest what I have been suggesting for some years now: to keep a significant amount of cash, perhaps $5,000, in a secure place at home.
It’s most important element is that you have complete control over it at all times. Unlike a bank deposit, withdrawals cannot be “halted” by the government, or the bank itself. (Just a year or two ago, the rules were changed so that even “demand” accounts are no longer safe.)
It cannot be savaged by any kind of “currency run” on banks. (N.B.: there is only enough physical currency to support 4% of US daily retail trade.)
And paper money and coin cannot be hyperinflated, as such, because there are only two US printing offices, that already work around the clock producing mostly $1 bills, and proportionately fewer higher denominations. So they cannot produce *more* money, and there are not enough $20, $50 and $100 bills to support even a $500 denomination, much less a $1000 denomination.
So the weird situation might exist of hyperinflation in virtual money, and hyper-deflation of physical money, at the same time. That is, *starting* with a nickel being worth a dollar, rapidly becoming a penny worth a dollar, then a penny worth ten dollars. While at the same time, virtual money becomes worthless, because no one will accept it.
The biggest twist here is that physical money is legal tender, and virtual money is not. So creditors *must* take physical money, but they can refuse any form of virtual money. So pay in cash, or nothing.
The final blessing of having cash at home is that if there is an economic disaster and massive inflation affecting all currency, you can spend it immediately.
“And paper money and coin cannot be hyperinflated”
I thought that was the basis of hyperinflation, and the stories of paper money in wheel barrels during the weimer republic?