First thing to do is not to panic. It depends on what bank you have your money in. Credit unions and small banks can collapse faster than large banks,
but the large banks are the problem right now. And we do have the FDIC which insures accounts to $100K, assuming the Federal Government can pay when
the time comes. If you do decide to withdrawe, I suggest you do it over a short time period, a couple thousand here, a couple thousand there... ease
the pressure on the banks, and yet still get your cash, and don't alert Uncle Sam as to what you're doing.
See this link.
No one really knows what is about to happen, so no one really knows what to do to soften the blow. My suggestion is simply to learn all you can about
economics and watch the news. Whatever the general public is doing, is probably what you don't want to do. Gold right now appears to me to be in a
bubble, and therefore subject to the same forces that wiped out the dot-coms and the housing market. True, gold/silver has always been the one thing
that continued to hold some value, but that does not guarantee it will always be that one thing. And the price can drop! I agree with those who have
spoken out in favor of holding off on gold/silver right now.
Commodities seem to be a better bet right now. The semi-precious metals like cobalt, chromium, copper, tungsten, lithium, and a host of others are
needed in smaller quantities for any rebuilding that occurs after a train wreck. They are also more reasonably priced and have not been discovered by
the panicking masses yet. They also do not have a shelf life when properly stored and you can take direct possession of them so you are not dependent
on a broker to sell them later. Stocks are a big no-no, since they have no intrinsic value beyond what the company you hold does financially. If
you're just set on stocks, try something that appears inevitable, like VeriChip. Should there be a massive uprising (not too wild an idea IMHO), no
doubt they'll land some nice lucrative government security contracts.
Bonds? Forget it. Government bonds are a sure way to flush your money; it would give you more use if you started cookfires with it. Utilities depend
on the ability of the masses to pay for services and energy, not a guaranteed outlook by any means.
As far as what to stockpile, should you choose to go that route, think about what you will need. That TV and DVD player won't do you a lot of good if
there's no power, and it'll be pretty hard to cook on an electric stove as well. So either switch to something you can stockpile, like propane
(with a BIG tank) or get yourself an electric generator. Make sure you have a few general-purpose firearms for protection and food, and don't forget
ammo. And what I consider most important of all, understand where you live. Cities and suburbs could become very dangerous places to be amongst the
rioting and looting that will probably occur.
But still, don't panic.
It will be survivable, especially for those who have done some measure of preparation. And I think that just asking the
question makes you one of those.