Reply to Is a credit union safer than bank? Safer than vanguard?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]FDIC absolutely does cover runs on the bank. [/quote]

They DID. I don't trust Musk et al with my money, do you? Do you remember the Silicon Valley bank near run two years ago? And that was with competent financial stewardship from the federal government. All bets are off.

I'm not telling you to take out your cash and put it in your mattress. [b]But have a plan[/b]. [/quote]

What would a plan look like? Genuinely asking. [/quote]

Move some money abroad. Have a few thousand in cash, both in dollars and foreign currency. Store as much non perishable food as you can fit and afford. [/quote]

How does a normal person (who doesn't have investment managers or tax lawyers and what have you) move some money abroad? Serious question. [/quote]

+1 I looked up UBS as a Swiss bank with no residency requirements, but it looks like their minimum deposit is $500K, which is not "some money" for most of us.  Any other ideas/outlets for storing some cash abroad?[/quote]

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