Skip to comments.How much Cash Should I have?
Posted on 09/10/2012 11:46:26 AM PDT by Kartographer
If you have been reading this blog for some time you already know that theres much truth in the cash is king saying. When disaster strikes the cash only signs go up. When you have to buy / sell on the go, cash makes it happen. When banks go on holydays and everyone is looking for an ATM with some money left, Cash not only buys you good and services, it allows you to get some pretty nice deals. Since were talking deals, nothing gets you as many of those as a wad of cash at the right time. For someone looking to close a sale, the money being physically within hands reach, literally speaking, is an important factor. When you have to leave everything behind, what you carry with you and what you have in the bank is all you have left, and if the banks happen to go down along with whatever is forcing you to leave, then what you have with you is all you have left. Looking at different events around the world, if theres one thing all refugees have in common is that they can all use a fat wad of cash.
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Keep as much cash on hand as you can afford. Money market yields are gone. Digital cash will vaporize in any major finanacial melt-down. Physical gold will get you killed in the market place. Hording $5s and $10s will get you by for a while.
Hmmm...How much air should I breathe?
Disagree about the plane tickets. If things are that bad, I am certainly not getting on a plane. It probably wouldn’t be an option anyway.
“...and if the banks happen to go down along with whatever is forcing you to leave, then what you have with you is all you have left.”
It would seem to me, that “if the banks happen to go down”, then the little green pieces of paper one has in their pocket aren’t going to be worth much for very long.
A few weeks ago I was at my large, name-brand bank in a large suburb on a Wednesday. Asked for some cash. The guy replied “We don’t have many $100 bills, are $50’s okay?” (WTF!?) I did get 6 $100 bills and a wad of $50’s.
My old man years ago would keep lots of cash hidden at three locations around the house. I know lots of folks can’t do that, but squirrel away a bit at a time for emergencies and it adds up. Heck, even enough money for a couple tanks of gas and food for three days might be a lifesaver depending on the situation.
I’ve got ninety thousand pounds in my pajamas
I’ve got forty thousand French francs in my fridge
I’ve got lost of lovely lira, now the deutsche mark’s getting dearer
And my dollar bills would buy the Brooklyn Bridge
There is nothing quite as wonderful as money
There is nothing quite as beautiful as cash
Some people say it’s folly but I’d rather have the lolly
With money you can make a splash
There is nothing quite wonderful as money
There is nothing like a newly minted pound
Everyone must hanker for the butchness of a banker
It’s accountancy that makes the world go round
You can keep your Marxist ways
For it’s only just a phase
For it’s money, money, money makes the world go round
A good balance of digital, cash, and metals are my recommendation. Who knows here this will go but there are some good guesses such as this thing coming down in phases and during each phase various financial instruments will be needed.
Cash is good as during the early part of the collapse, which we are in, really good deals are made to those with cash. Right now I am finding all kinds of prep deals based on having the cash to get them.
Cigarettes and silk stockings. :)
Did you listen to Rush today?
He actually gave major credence to the imminent financial collapse of America. Pulled no punches except for the implication that getting 0bama out of there will avoid the crash.
YES..I heard Rush today! Was a little shocked...
Well, I recommend, at minimum, "I Walk the Line" and "Ring of Fire: The Best of Johnny Cash", but don't forget his other works, such as "Bitter Tears: Ballads of the American Indian" and "Orange Blossom Special".
This should get you through any Cash crisis.
Yep, cash is king, but it boils down to two things:
* your personal situation;
* your tactical situation.
I concur with Ottbmare - you might not have the option of taking “the last plane out”. If you can, groovy. If not, Plans B & C should be filed for use.
Though he sometimes gets on my nerves it just goes to show how far ahead of the curve Glenn Beck is. Even ahead of the great “ Maha-Rushi”.
Keeping a stack of $5 bills handy will last you much longer than the bigger notes.
This central bank printing press policy cannot continue forever. The merry-go-round will stop with a thud soon. Trillion dollar deficits cannot be sustained. Operating the US government WITHOUT a budget is insane.
Financially, it truly is all over for the US if Obama is re-elected. The government will go bankrupt, the dollar will become worthless.
HA...I AM a chocolate horder!
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