Would it be wise for me to start withdrawing some of my cash from my savings accounts in case of total financial meltdown of all banks?
by 
discobod
ANSWERS: 3
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In case of TOTAL meltdown, you want tangible goods. Things you can barter with or trade. Money won't be worth as much as it used to be, so you want to save it until things come back around. If you see things going bad real fast, run to the store and buy 3 months or so worth of canned foods and fire wood. Think like Y2K and you'll be fine.
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Under the new bailout package, your deposits are insured under FDIC to $250,000, up from $100,000, until December of 2009. So unless you have more that that in the bank, you're covered. If you have more, spread the money around a bit to other banks. Make sure your bank is FDIC insured. Other than that, hang in there. People pulling out their money causes part of the harm.
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Gold would be safe to put your money into, if you have a safe place to store it.
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