That sounds very smart, however if your money is held in an FDIC insured bank, then it's likely to be in a national currency that is systematically devalued by the issuing institution through progressive year-on-year inflation. (Note that I use the term institution instead of government as two major issuers, the Federal Reserve and the Bank of England, are private organizations).

PS. I'm not characterizing inflation as bad, nor am I a goldbug. I am merely pointing out that the entire population of FDIC-insured banks are paying constantly for the mystical "it might happen some day" promise of a bailout, due to an inflationary system that reserves priveleged access to a central clique - ie. it's not like the conservative viewpoint of "faith in <the national central bank>!" comes without strings. (I am most aware of this perspective as someone who used to live with someone on the interest rate committee for the Bank of England.)