My general expectation is to the contrary. I think people underestimate how psychologically ingrained the dollar is into the american people. Money will still be worth something, maybe not as much as I like, but something. People have so much faith in the system, that everybody will be hedging against "when things get better".

Even then "failure of banking" does not have to be universal. Maybe my assets are frozen or other similar, localized issues.

In the grand scheme of things, gold is also likely to be difficult to liquidate. It does not really have any intrinsic value at this point.

As to where: On a hill, by a lake, surrounded by paranoid gulf war vets with lots of guns.