Ready cash

Kendel58 · 2023-03-17

Let's say I want to have $10,000 in ready funds available not in a bank. What is the best/ safest form to have that money in? Is there anything better than just paper currency? Just thinking out loud here...

M

MikeFlorida

· #141 · 3 mo ago

markmmg said:
I live in Louisiana and I have been through many hurricanes. We have lost power for a week or so and data lines often get damaged so the stores that are running on generator will only take cash. So for a natural disaster, you need cash. No store will accept a piece of gold or silver. Now, in a complete breakdown of society where we are all trying to scrap up resources to survive, both cash and gold would be worthless to me. A shiny rock will not feed my family. I would be going by the barter system.
In 2016 we had a major flood in my area where 90% of all structures took on water. There were very few stores open in the area right after the flood and the stores that were open were rationing what they had. Luckily we keep a medium size supply of shelf stable food on hand so we were ok for a week or so until we could get out of town to restock. During that event, if someone had offered me cash for some of what I had, I would not have accepted it. We had enough food and supplies to survive on short term, but not enough to sell and share. You cannot eat cash or shiny rocks.

I've been reading the comments and have to ask: "If I had a stash of food, water, generator, and other goods, why would I sell anything for metal coins?" Unless I were sitting on a mountain of goods, why would one sell? Metal might be good for a store of value AFTER the emergency, but I do not see the value for purchasing goods/services during the time of disaster--sure cash is good short term, but eventually people undestand that they cannot eat it.

I like the seeds idea, but how long does it take to obtain produce? What if the emergency is during winter?

I have a modest supply of food, a water filtration system, some metals, and guns with an appropriate amount of ammo. SO, what do I do after the first few weeks?

What about the people who live in large cities?

Other than leaving for farm land, where are you going to go in a vehicle? Why would car repair be a particularly important commodity? Have any of you northerners been through a gasoline shortage? Assume EMP, no gas pumps, no electronics, and PANIC. I can tell you getting gasoline will be a major problem; additionally, what about getting stranded in the middle of no where in your car (during a snow storm). I'm sorry, but I just do not 'get' it. Please explain.

Mike
Florida

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cadillacmike

· #142 · 3 mo ago

91B said:
What ever specie you decide, where ya gonna keep it? And how are you going to earn more of it? It seems preppers never think the long game....Bows, arrows and knives....Hunger Games indeed

This one's really gone down the drain.

If it's gotten that bad, you don't need to worry about earniing more of anything. As for storing it, It all fits in my home already.

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USMM guy

· #143 · 3 mo ago

MikeFlorida said:
I've been reading the comments and have to ask: "If I had a stash of food, water, generator, and other goods, why would I sell anything for metal coins?" Unless I were sitting on a mountain of goods, why would one sell? Metal might be good for a store of value AFTER the emergency, but I do not see the value for purchasing goods/services during the time of disaster--sure cash is good short term, but eventually people undestand that they cannot eat it.

I like the seeds idea, but how long does it take to obtain produce? What if the emergency is during winter?

I have a modest supply of food, a water filtration system, some metals, and guns with an appropriate amount of ammo. SO, what do I do after the first few weeks?

What about the people who live in large cities?

Other than leaving for farm land, where are you going to go in a vehicle? Why would car repair be a particularly important commodity? Have any of you northerners been through a gasoline shortage? Assume EMP, no gas pumps, no electronics, and PANIC. I can tell you getting gasoline will be a major problem; additionally, what about getting stranded in the middle of no where in your car (during a snow storm). I'm sorry, but I just do not 'get' it. Please explain.

Mike
Florida

Forget about the seed thing. My wife and I grow most of our own food and then some. Somebody that does not know anything about growing food that thinks that they can get from seeds to a big pile of food without a lot of other things going into it to include prepared soil, crop protection and a modicum of knowledge about what you are doing. They are living in LaLa land.

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Snort

· #144 · 3 mo ago

Beer for small purchases. Hurricane tested.

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glider

· #145 · 3 mo ago

In your scenario guns and ammo are going to be very valuable. Canned food will be highly sought after also

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OpticGard

· #146 · 3 mo ago

Old Grumpy said:
If you want a real clue to what is needed, just watch the Mad Max series. I'll be investing is studded collars, loin cloths, dirt bikes, and chainmail shirts. Axes made from bicycle sprockets, crossbows, and spears will also come in handy.

Grumpy

AND CHROME! You can't forget the CHROME!

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NonHyphenAmerican

· #147 · 3 mo ago

Just my opinion, but back to the original question.

$10k in Cash, at least half of which should be $1's, $5's, $10's and $20's.

Simply put, if cash is totally worthless, $10k isn't going to save you.

If Kendel58 wants to go beyond cash, then American Eagle Silver Dollars are fairly sound and easy to accumulate.

For all those claiming that Gold & Silver will be totally worthless, I direct you to check out history.

Throughout Human History, Gold & Silver have had value and were tradable for goods and services.

Regimes come and go, entire civilizations come and go, but silver and gold are still with us in the world economy.

On top of that, they're both used in a variety of products including electronics, windshields and in the case of silver, is a biocide and is used in medications and can be used to purify water.

When the Weimar Republic had inflation issues after WWI, yes they had instances where their paper money literally wasn't worth the paper it was printed on.
However, Gold, Silver and Gems were still traded and many Jews seeking to flee the Nazi Holocaust used them to buy their way to safety.

I refer to preparing for disasters, which can range from ice storms to tornados to hurricanes to blizzards, fire or a ton of other disasters that can and do happen every day in the world, as keeping my 6B's fully stocked.

Beans,
Bullets,
Bullion,
Benjamins,
Booze,
& after the great toilet paper shortage of 2020-2021,
Buttwipe.

First aid supplies are good, generators are good, fuel is good, keep it Stabilized if it's gasoline, and with gas just like grocery and sundry items, rotate your stock.

Basic Cooking Supplies and shelter supplies are always good to keep around.
My wife doesn't like to "Camp", but we still have camp stoves and lanterns with fuel and mantles along with a tent, bedrolls and other "Camping Supplies" that can make life easier if things have gone to hades in the proverbial handbasket.

Many of the items that I keep stocked and rotated have wound up being very useful.

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USMM guy

· #148 · 3 mo ago

I expect that good governance will see us through any adversity we might go up against.
After all it has been working to date.

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cadillacmike

· #149 · 3 mo ago

OpticGard said:
AND CHROME! You can't forget the CHROME!

My car bumpers satisfy the chrome requirement.

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Walt3

· #150 · 3 mo ago

NonHyphenAmerican said:
Just my opinion, but back to the original question.

$10k in Cash, at least half of which should be $1's, $5's, $10's and $20's.

Simply put, if cash is totally worthless, $10k isn't going to save you.

If Kendel58 wants to go beyond cash, then American Eagle Silver Dollars are fairly sound and easy to accumulate.

For all those claiming that Gold & Silver will be totally worthless, I direct you to check out history.

Throughout Human History, Gold & Silver have had value and were tradable for goods and services.

Regimes come and go, entire civilizations come and go, but silver and gold are still with us in the world economy.

On top of that, they're both used in a variety of products including electronics, windshields and in the case of silver, is a biocide and is used in medications and can be used to purify water.

When the Weimar Republic had inflation issues after WWI, yes they had instances where their paper money literally wasn't worth the paper it was printed on.
However, Gold, Silver and Gems were still traded and many Jews seeking to flee the Nazi Holocaust used them to buy their way to safety.

I refer to preparing for disasters, which can range from ice storms to tornados to hurricanes to blizzards, fire or a ton of other disasters that can and do happen every day in the world, as keeping my 6B's fully stocked.

Beans,
Bullets,
Bullion,
Benjamins,
Booze,
& after the great toilet paper shortage of 2020-2021,
Buttwipe.

First aid supplies are good, generators are good, fuel is good, keep it Stabilized if it's gasoline, and with gas just like grocery and sundry items, rotate your stock.

Basic Cooking Supplies and shelter supplies are always good to keep around.
My wife doesn't like to "Camp", but we still have camp stoves and lanterns with fuel and mantles along with a tent, bedrolls and other "Camping Supplies" that can make life easier if things have gone to hades in the proverbial handbasket.

Many of the items that I keep stocked and rotated have wound up being very useful.

Yup. Canned food and shotgun shells. The only good long term investments. Or at least variations on that theme.

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USARV72

· #151 · 2 mo ago

USMM guy said:
I expect that good governance will see us through any adversity we might go up against.
After all it has been working to date.

Yep, sad, very sad. My grandparents lived in Detroit around 1903, they always told me how beautiful it was back then. Work took me there in early 80s and was amazed how bad it looked. Went back for seminar in 2001 and on day off friend there drove me around. Looked like East Berlin under the commies. Wonder how many millions of real estate taxes are gone now compared to the 50s?

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