From 2004 to 2024, the U.S. dollar’s purchasing power has declined by about 65% due to inflation. In contrast, holding silver would have increased your investment by around 360%, while gold would have appreciated by about 525%. These figures highlight how precious metals have significantly outperformed the dollar, making them effective hedges against inflation and current devaluation. 

Bank failures are relatively rare, and deposits are insured by the FDIC up to $250,000 per depositor, per bank. However, bank failures do occur. Since the year 2000, there have been at least 569 bank failures, averaging about 25 per year. Given this risk, it's worth considering whether you are comfortable with the possibility of your family's financial well-being being affected if your bank were to fail. To mitigate this risk, diversifying with tangible assets can provide an additional layer of security.