I am deeply concerned for the people I know personally who still keep their money in a bank.
1 It is no longer ‘their’ money. Once it is deposited in the bank, they become unsecured creditors of that institution. If the bank fails, they will be at the back of the queue of a long line of creditors.
2 It is not ‘money’. Fiat bank notes are paper representations of the nation’s total debt. When the debt collapses, the debt notes will become, simultaneously, utterly worthless.
3 The banks will fail and no amount of government ‘insurance’ can stop that. Will the SVB bank collapse be the trickle that turns into a flood? Probably not. What is certain is that it will begin one day, any day, and when it does begin it will move quickly. On that day, if you still have any money in the bank, you will lose it all.
For God’s sake wake up and switch any spare fiat for Gold and/or silver immediately. Never has it been, or will it ever be again, as important as it is right now to hold honest money, not faux money.
Do not have money sitting in a bank account for any longer than is absolutely necessary.
Better to be a year or two too early than one second too late.
N.B. Notwithstanding the SVB collapse, the threat of imminent bank collapses are more of a problem for the rest of the world than the U.S. If you decide to keep fiat cash at home, instead of Gold/silver, then store US dollars, not your local currency.