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  • Morgan101
    replied
    We keep cash in a safe, and have cash, in small bills, in our BOB's. I also save loose change in all denominations. I would like to think that we are nowhere near a Venezuela stage, but from what I have read if there is a problem with banks in general, they will close on a Friday, and not reopen on Monday. If a bank closed on a Friday for no apparent reason I would try to get some cash to hold me over.

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  • Applejack
    replied
    I know this has been talked about in more recent post but this one goes back to 08 and 09. Been a long time since I have read it. This is now a real possibility that this very thing can happen. It also reminds me of Venezuela and the bank closures. People had no way to get money out of banks so they could not buy food nor gas. Couldn't do anything. They were basic caught off guard. I have thought about this many times but have not felt a need to pull a lot of money out of accounts. Though we will be paying cash for our new air conditioner soon which will deplete a savings account but no bill to pay every month for it.. I do have cash and coins that I keep in house for emergencies. My safe is in a place that is hard to see or find without really hunting for it and is bolted to the floor. There are many places you could hide a safe and bolt it down. Lots of things here to think about if we do ever have a bank holiday or a flat out bank closure. I think when banks in Venezuela did open again months later, people could only take out $50.00 per either week or month.. I am trying to remember this by memory so I could be wrong on that but it is what I seem to remember. I will have to go back on that and study on what happened to that country. It has been a long time since I have heard anything. Just thought this would be worth noting as it can happen here and we need to be on guard for such things.

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  • Dracos
    replied
    I like silver. I have more invested in this precious metal than I do in the stock market. It is not a piece of paper. It is a tangeable asset I can store on my own land. The way the dollar is headed its is a good idea. But if you need to barter after the collapse nothing beats ammo

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  • out-back-2
    replied
    I am looking to connect with people in and near Nevada that are survival oriented. Anyone out there that has "part of the act" together?? I have land that is paid for. My wife and I are putting water there this summer. We need like minds that want to be "off grid" and become self sufficient. Let us know.

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  • abletobecain
    replied
    FYI.

    A 40 oz. bottle holds about $200 in dimes (and only a dime will fit through the mouth), and a Mickey's hand gredade holds about $60 in quarters and both are pretty darned heavy.

    I've never counted the nickels in the Paul Mason wine bottle or the pennies in the handle of Fris Vodka.

    It's amazing how much it all piles up. Last time they were full I cashed them in for just over $500!

    Currently I'm working on an all quarter gallon beer jug. Hopefully I'll get a new rifle when that one is done.

    All this coin saving and it never occured to me to actually to "save" them.

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  • lunicy
    replied
    Originally posted by Zombie Axe View Post
    Because one of these days you will not be able to afford toilet paper, but if you got a stack of $1 bills at least you got something to wipe your ass with!!!


    Good answer:D:D

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  • Zombie Axe
    replied
    Originally posted by lunicy View Post
    Why would you keep cash on hand. Federal reserve notes are damn about useless now.

    Because one of these days you will not be able to afford toilet paper, but if you got a stack of $1 bills at least you got something to wipe your ass with!!!

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  • lunicy
    replied
    Why would you keep cash on hand. Federal reserve notes are damn about useless now.

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  • denvernative321
    replied
    pennies

    if the penny is a 1982 drop it on a hard surface. a copper penny has a ring to it and a zinc penny has a very different clink sound. i have been sorting though pennies and have about 50$ worth so far. the us nickel has been made the same for a long time and is made 25% nickel and 75% copper and is currently worth about 7 cents per nickel. so i would suggest start collecting pennies and nickels before the mine gets wise and changes the properties of both. i have been hoarding pure copper bullion, 999 silver bullion, pennies and nickels for some time now. investing in metal is the best investment in my opinion. if all else fails at least the pennies and nickles are at least worth face value so you cant go wrong

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  • voodoo
    replied
    1982 was the turning point for the pennies as some have stated. They were 95% copper back then, and are now worth more than face value. 1983 to current, are mostly zinc. Nickels, a few years ago, were worth more than face. Now, they are worth half of face value. Daily markets reflect value and can be checked at this link; http://www.coinflation.com/

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  • TLM
    replied
    Not to be too anal but 1982 was a transition year for pennies,
    some were copper and some were the zinc type.

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  • Victor Lazlo
    replied
    Originally posted by Loshali View Post
    Pennies and nickels are now worth more for metal than face value anyway. I never spend a penny or a nickel. Getting that way with dimes and quarters too.
    Hey, if they can do the 'round up and keep the change' at banks (where they round up the purchase to the next dollar and deposit the change in a savings account for you), then why cant I do that on my own? Amazing how much change will add up and how fast.

    Loshali
    Here is the thing with pennies, anything before 1983 is real copper. If it is newer it is just copper washed and not worth it. I keep a separate bin for the early pennies. Nickles not to sure on. I think that falls under the same as when they took silver out of circulation.

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  • iceman
    replied
    safes are the way to go

    just my .02

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  • TLM
    replied
    Originally posted by Brosia View Post
    HA! I hide mine from my husband too! I'm not too worried about burglars getting in and taking it, I'm afraid HE is going to get in and take all the money!
    He's really bad with money.
    My situation in reverse.

    Leave a comment:


  • Brosia
    replied
    Originally posted by herbalpagan View Post
    The small safes are movable, but they are heavy. Mine is somewhat hidden and it's main purpose is for fire and water protection. Even my husband couldn't steal the safe it's so well hidden, so I'm not too worried.:D

    HA! I hide mine from my husband too! I'm not too worried about burglars getting in and taking it, I'm afraid HE is going to get in and take all the money!
    He's really bad with money.

    Leave a comment:

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