Robin
.475 A&M Magnum
Coffee cans and a map.
Robin
Robin
Cash on hand. What is needed?
- Thread starter GOPerfect
- Start date
Cash is a necessary component of any bug out bag. In fact it may be the most essential. If you really need to leave asap and are limited to what you can bring or carry, cash is king.
Of course, it all depends on how valuable the cash is. In a hyperinflationary period then cash is almost worthless. The amount required to have any purchasing power would be too heavy to carry.
Just to ruin my monday morning I came across this article:
www.zerohedge.com
This guy accurately predicted the real estate crash back in 2008 (he was a major character in the book/movie "the big short").
In the near term it makes sense to keep some cash on hand. In a few years it may not be feasible to have any on hand.
Of course, it all depends on how valuable the cash is. In a hyperinflationary period then cash is almost worthless. The amount required to have any purchasing power would be too heavy to carry.
Just to ruin my monday morning I came across this article:
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
This guy accurately predicted the real estate crash back in 2008 (he was a major character in the book/movie "the big short").
In the near term it makes sense to keep some cash on hand. In a few years it may not be feasible to have any on hand.
YEP, I keep a 'comfortable' amount of cash in the safes, in smaller denominations (large bills just draw attention!!).
REMEMBER; 'cash is king'!! During natural disasters, etc., which is where we are at this moment in time!!
BUT, once everything turns to shit, it won't be worth much, AND all bets are off!!
REMEMBER; 'cash is king'!! During natural disasters, etc., which is where we are at this moment in time!!
BUT, once everything turns to shit, it won't be worth much, AND all bets are off!!
Cash is King!
Until cash isn't worth anything either...
Don't short your thinking, think in commodities! A little bullion never hurt anyone and is cheap enough (think silver)...
Banks aren't as reliable as anyone would imagine, what's to happen when or if the economy takes a shit and then banks limit how much you can withdraw, say $500 per day? Then what are you going to do?
I talk shit... I usually have a decent chunk of cash on hand, but have been lax lately largely because what/where are you going to spend it???
Well, thank you Texas for the wake up call (smack to the head)...
Until cash isn't worth anything either...
Don't short your thinking, think in commodities! A little bullion never hurt anyone and is cheap enough (think silver)...
Banks aren't as reliable as anyone would imagine, what's to happen when or if the economy takes a shit and then banks limit how much you can withdraw, say $500 per day? Then what are you going to do?
I talk shit... I usually have a decent chunk of cash on hand, but have been lax lately largely because what/where are you going to spend it???
Well, thank you Texas for the wake up call (smack to the head)...
Well then....no one has asked how much people have, exactly where their money is or where they live.
It is an interesting thread for that are being interested in prepping and the like. You think crime are reading our forums to get ideas of where to rob? Think we here are the only ones that have a few bucks in the house?
EXACTLY!!Doesn't matter if you trace my home addy...
The real question is risk vs reward!
If you "KNOW" it might cost you your life for a chance at a few schmekles... Would ya'?
Well do ya feel lucky, punk?!
Hahahaha (sorry, had to
spat
.700 Nitro Express
I think the forum members here are probably *not* the houses you want to plan on robbing LOL.
Full tank, 20 gallons in cans, some cash, some essentials and I can easily make it to where I want to go.
Great time for this type of reminder....
I never thought of that
Make sure you rotate through those extra cans on a regular basis. Ethanol gas will go bad in a matter of days without stabilizer. Even with stabilizer I wouldn't store it for more than 30 days.
spat
.700 Nitro Express
So, $5k cash and the rest in gold and silver.
Seems like a reasonable amount to keep to me.
GTN
.308 Win
Cash rules! No power = no charge card machines will be working. I always keep $100 in small bills in my wallet just in cash.
Still power but lots of charge card machines work off the internet. Gas station can still pump but you can’t pay unless you have cash
Saltwater60
.950 JDJ
That’s why I’m staying out of it.
Saltwater60
.950 JDJ
Will Homeowner's Insurance Cover Stolen Cash?
A typical homeowner’s policy covers up to $200 in cash lost in a fire, theft or any other peril, according to the Insurance Information Institute.
www.insurancequotes.com
This says $200 is what is covered and then expect to pay $20-$25 to double that coverage.
Doc8404
.450/400 Nitro Ex
That’s a general bullshit article designed to snag more premium.Will Homeowner's Insurance Cover Stolen Cash?
A typical homeowner’s policy covers up to $200 in cash lost in a fire, theft or any other peril, according to the Insurance Information Institute.
This says $200 is what is covered and then expect to pay $20-$25 to double that coverage.
I have premier HO and they cover a lot more than that. And $10k in guns, etc.
Cash is a necessary component of any bug out bag. In fact it may be the most essential. If you really need to leave asap and are limited to what you can bring or carry, cash is king.
Of course, it all depends on how valuable the cash is. In a hyperinflationary period then cash is almost worthless. The amount required to have any purchasing power would be too heavy to carry.
Just to ruin my monday morning I came across this article:
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
This guy accurately predicted the real estate crash back in 2008 (he was a major character in the book/movie "the big short").
In the near term it makes sense to keep some cash on hand. In a few years it may not be feasible to have any on hand.
I've seen this posted elsewhere and other similar pieces with similar conclusions. I'm growing increasingly apprehensive.
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
This is pretty much the scenario that causes "the crunch" in the Patriots book series.
We may be dangerously close to the abyss and I'm no where near as ready as I should be.
I'm up right now stressing out what to do about many things and trying to make many decisions. Do I pull my money bout of the market on a down day. Do I pull my money out of my 401k funds for a month or 2 and see what happens? Best case the market has a minor correction and by April I'm back in the same positions with more shares. Worst case I lose future earnings on lost shares.
I think the warning signs are starting to flash. I'm seeing more and more random articles on Yahoo finance about "investor says indicators point to a bubble about to burst" I'm sure it's the algorithms giving me what I want to see but the articles are coming out none the less.
Very very uncertain times we're entering.
I think even in a collapse cash currency will be more useful than we realize. Even if it has no value there are those out there who would gladly accept bit for goods and services. Keep that in mind. Especially if the grid goes down and communication breaks down without news coming in people will default to what they know and are comfortable with a fair amount will take cash just because they won't process things are different.
spat
.700 Nitro Express
That will certainly be good for a while, if it was a grid collapse sort of situation.
If it's an economic collapse, that won't last long.
Cash is a necessary component of any bug out bag. In fact it may be the most essential. If you really need to leave asap and are limited to what you can bring or carry, cash is king.
Of course, it all depends on how valuable the cash is. In a hyperinflationary period then cash is almost worthless. The amount required to have any purchasing power would be too heavy to carry.
Just to ruin my monday morning I came across this article:
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
This guy accurately predicted the real estate crash back in 2008 (he was a major character in the book/movie "the big short").
In the near term it makes sense to keep some cash on hand. In a few years it may not be feasible to have any on hand.
For those who are interested this is the guy predicting another crash. He called the 2008 before it happened. He's predicting it again in the near future.
This is well worth 20mins of your time
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I've seen this posted elsewhere and other similar pieces with similar conclusions. I'm growing increasingly apprehensive.
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
This is pretty much the scenario that causes "the crunch" in the Patriots book series.
We may be dangerously close to the abyss and I'm no where near as ready as I should be.
I'm up right now stressing out what to do about many things and trying to make many decisions. Do I pull my money bout of the market on a down day. Do I pull my money out of my 401k funds for a month or 2 and see what happens? Best case the market has a minor correction and by April I'm back in the same positions with more shares. Worst case I lose future earnings on lost shares.
I think the warning signs are starting to flash. I'm seeing more and more random articles on Yahoo finance about "investor says indicators point to a bubble about to burst" I'm sure it's the algorithms giving me what I want to see but the articles are coming out none the less.
Very very uncertain times we're entering.
I started a thread about this same thing a while back, maybe a month ago or so...
meketrefe
.450/400 Nitro Ex
Always plan for at least 15 days or more.
How much one needs depends on many factors. Some might be fine with $500 and other will need 10 or 20 times that.
But also plan for extra expenses due to 5hose special situations and if one does not have a generator, some batteries or a food pantry, plan ahead because also one might have the cash bit if there is no stock left, it doesn't matter how much cash we have.
MikeM
.44 mag
Money at home, at my storage place and my office. A few grand each.
This thread reminded me that I used my generator this past summer for the first time. And I just remembered that when refilled a few gas cans I forgot to put in stabilizer. How do I get rid of the gas now? Would it be safe to put a few gallons in the car each time botulinum?
This thread reminded me that I used my generator this past summer for the first time. And I just remembered that when refilled a few gas cans I forgot to put in stabilizer. How do I get rid of the gas now? Would it be safe to put a few gallons in the car each time botulinum?
libertysnake
.338 Win Mag
Probably hazardous waste disposal events. They may take it. Normally towns will run them a few times a year.
crunchberry
.40 S&W
You need a leather belt with pockets for stacks of thousand dollar bills like the lovable criminal in Midnight Run.
Steal2B
.700 Nitro Express
I've read suggestions for hiding some cash in your freezer .... it makes sense .... you know ... cold hard cash
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