A good idea to have a dependable mixture of alternative “investments”…..
“Most folks have been trained to keep their savings in the bank. It’s just the way things have been for over 100 years. But there are a lot of reasons why that is no longer a good idea. For one, deposit accounts are no longer legally protected. As well, the Federal Reserve passed a policy that in the event of an economic crisis (think “bank run) that accounts can be frozen to preserve the liquidity of the banks.”