Saving cash (whether physically or in a bank account) as an investment is a losing proposition considering inflation. A small amount for emergencies in a bank account probably makes the most sense.
If you want to hedge your bets, gold and/or silver is the way to go. If you worry that during an emergency you won't be able to get it out of a safe deposit box, the only reasonable method of securing it is the bolted down fire safe.
Once I realized how much my gold and silver had appreciated and thought about how easy it would be for someone to walk off with it (it was in a cheap office fire safe - not bolted down) it was time to get a quality safe and have it proffesionally installed.
I didn't bother to hide it since it is a full-size gun safe. My hope is that once the thieves see that it's a Cannon and bolted down they will figure that anything of high value will be inside and give up before trashing my place too bad.
If I had to hide some cash I'd take a ratty looking ace bandage and roll the cash up in it and toss it in a bathroom sink drawer next to a tube of Bengay. It wouldn't look out of place there and I haven't seen the idea above.
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