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- - Do you keep a stash of cash? (http://goldismoney.info/forums/showthread.php?t=32695)

falser | 03-29-2006 11:04 AM
Do you keep a stash of cash? I'm thinking about building up an "under the matress account". In medium term emergencies (TSHTF, natural disaster, blackout) I see good old US FRNs being the medium of exchange -- not gold or silver. I'm thinking of the movie "Trigger Effect" where ATMs are out of money, and printed cash is king. I don't have a car, I rent an apartment, so I see a cash reserve as probably a smart thing to have, especially I wanted to leave the state, or country. I imagine it would quite difficult to turn PMs into cash in an emergency. How much do you guys keep in cash? $500? $5000?

Tn...Andy | 03-29-2006 11:08 AM
Re: Do you keep a stash of cash? 20,000........I have TWO monopoly sets !! ( Really.....what the hell kinda question is that anyway ? )

sgflaherty | 03-29-2006 11:09 AM
Re: Do you keep a stash of cash? I would imagine that such a stash is essential to any well-stocked survival kit. The amount really depends on your circumstances (how much money you have, where you think you may want to get to, etc.). Also, any stash should probably include smaller bills along with the large for those circumstances where you don't want to ask for change. Also, the less supplies you have stocked, the more you would want to have.

Book | 03-29-2006 11:12 AM
Re: Do you keep a stash of cash? Quote:
"How much do you guys keep in cash? $500? $5000?" falser
$27,251 in FRNs under my mattress. IM me for a map to my home and I'll tell you which flowerpot on the Porch to find the key to my front door. p.s. I got a whole fridge full of Becks and if I'm not home when you arrive...just help yourself buddy.

_79 | 03-29-2006 11:13 AM
Re: Do you keep a stash of cash? How about MINUS 5000. Yes, i used my 0% APR CC to speculate on PM. Well, as long as they give me free "money" why not to use it for real money. My all other positions are short on buck. The matress saving could serve you well in case of unusually cold weather if you use FRN as a fuel. I beleive in case of TSHTF people would revert to barter first, and then - to PM money as it has been the case for last 5000 years or so.

fasTTcar | 03-29-2006 11:21 AM
Re: Do you keep a stash of cash? TN Andy is right in expressing concern on the way that the question is asked. No one here will want to tell you how they are set up. But it is a valid question. How much cake to have on hand for a SHTF scenario? I guess the first question is, how long do you think it is going to last? A week's needs are probably substantially less than 1 month or longer. My off the cuff answer is be prepared with everything you could possible need for at least a week so you do not have to worry about the short term. Barter items would also be useful in the short to mid term. But i would think a good guess would be figure 10x normal cost after the first week to 2 month period. After that point, barter will take hold. Just my 2 silver cents worth.

Ponce Cuba | 03-29-2006 11:21 AM
Re: Do you keep a stash of cash? That's a problem that I have at this time.....don't need anything and everything is paid in full. I think that I'll go to Vegas.....nawwwww not really.

goddess | 03-29-2006 11:23 AM
Re: Do you keep a stash of cash? My mattress is made of FRN. :sleep::rofl::rofl::rofl:

falser | 03-29-2006 11:24 AM
Re: Do you keep a stash of cash? Okay, you don't have to answer much money you guys have. I wasn't exactly going to track you guys down or anything. What sgflaherty mentions is more to my point. How much cash is enough to survive a medium term emergency? And what value is gold, when ATMs are out of money (or inoperable) and the grocery store wants cash?? Gold isn't going to be very useful, unless you want to take pennies on the dollar for it. "Want a bus ride outta here? That'll be $100. Oh, you only have gold eagle coins? I'll take 5 of those, take it or leave it." That could very well be the reality of the situation. You will be bartering very valuable PM's to people who want cash, and only cash.

hoarder | 03-29-2006 11:29 AM
Re: Do you keep a stash of cash? Quote:
Originally Posted by Marketneutral Lots of small bills.
$100 bills are small bills in this inflated age.

Tn...Andy | 03-29-2006 11:32 AM
Re: Do you keep a stash of cash? If the SHTF, in 2-3 hours there won't be enough in any grocery store to worry about.....write a check.....they'll probably take it. If is looks like a REAL SHTF situation, I suspect FRN cash is going to revert to toliet paper within a day or two. That 'five gold coin' ride you mentioned MIGHT be the only way you are riding....and depending on how bad you need the ride, may be quite cheap at the price.

Tn...Andy | 03-29-2006 11:32 AM
Re: Do you keep a stash of cash? Quote:
Originally Posted by hoarder $100 bills are small bills in this inflated age.
God, isn't THAT the truth.......

Ponce Cuba | 03-29-2006 12:28 PM
Re: Do you keep a stash of cash? Ponce <-------- buying more future FRN = toilet paper.

G-khan | 03-29-2006 12:35 PM
Re: Do you keep a stash of cash? Quote:
Originally Posted by falser I'm thinking about building up an "under the matress account". In medium term emergencies (TSHTF, natural disaster, blackout) I see good old US FRNs being the medium of exchange -- not gold or silver. I'm thinking of the movie "Trigger Effect" where ATMs are out of money, and printed cash is king. I don't have a car, I rent an apartment, so I see a cash reserve as probably a smart thing to have, especially I wanted to leave the state, or country. I imagine it would quite difficult to turn PMs into cash in an emergency. How much do you guys keep in cash? $500? $5000?
None of your business.......:bandito:

GREENSILVERHORN | 03-29-2006 12:38 PM
Re: Do you keep a stash of cash? Quote:
Originally Posted by Marketneutral Lots of small bills. If the SHTF they will not be taking credit cards and you will not be getting any change back on purchases. :wavey:
Hadn't thought of that, Thanks MN. 100s would be doo-doo.

Indy | 03-29-2006 12:38 PM
Re: Do you keep a stash of cash? Quote:
Originally Posted by Tn...Andy 20,000........I have TWO monopoly sets !! ( Really.....what the hell kinda question is that anyway ? )
hahahaha someday monopoly games will ship with the funny money we use today. What else will worthless dollars be good for?

Agile | 03-29-2006 12:42 PM
Re: Do you keep a stash of cash? There are emergencies, then there are emergencies. :cheerful: In the south, around hurricane season, it's a good idea to already have at least a couple of weeks worth of food and water stocked so you can avoid the whole "wait in line for everything" thing. At a minimum, for "ordinary" (non-SHTF) scenarios, I'd want to have two weeks worth of cash on hand. This will be different for each person of course. In an "ordinary" emergency, prices for most items aren't likely to rise much (because of local price gouging laws), so you won't need an extraordinary amount of cash. I lived this in 2004. Waited too long to buy groceries / get gas / cash for the first hurricane. Vowed "never again". Started taking out 120% more money at the atm each time and socking away the 20%. Built up a nice little cash savings at home.

smullen | 03-29-2006 12:48 PM
Re: Do you keep a stash of cash? Quote:
Originally Posted by falser How much do you guys keep in cash? $500? $5000?
Now I don't feel so bad about asking about how much Silver or Gold people had... These guys are a fountian of knowledge on PMs, Finances, Survival in SHTF situations and several other topics and are extreamly helpful to the budding Gold and Silver Bugs... However, Curiosity about something that could be even remotly personal does not go over well here...

Tn...Andy | 03-29-2006 01:16 PM
Re: Do you keep a stash of cash? You're catching on, dude.

Infidel | 03-29-2006 01:34 PM
Re: Do you keep a stash of cash? If you rent keep at least extra above all other suggestions for the next month rent. If TSHTF you need to try to negotiate to pay as little of the cast at that time as possible to your landlords. Thy to negotiate (times are tough, we have little, but here is 1/4, 1/3, 1/2) for now. Of course it depends on your bargaining skills, how nice and how dumb, how unprepared and how destitute are your landlords

Tn...Andy | 03-29-2006 01:42 PM
Re: Do you keep a stash of cash? As an about to be 'former' landlord, I'd say Zhukher is right on......assuming you are dealing directly with the landlord, my guess is when things go south, you WILL be able to dicker downwards. I rented houses for "X" FRNs, but in my mind I always had a much lower figure I could go to, and would have, should the market not hold up for "X". But dealing with corporate landlords or landlords that are highly leveraged on their property ( read that as "no money down, got a ARM loan" ), they will have less incentive to deal.

mightyspuds | 03-29-2006 04:31 PM
Re: Do you keep a stash of cash? Thats a valid question,and a glaring shortcoming in my plans.I do need to get some FRNs on hand.Got trapped on the road in a snowstorm,pulled into a mini mart to ride it out.ALL they took was cash,the computer links were down.We had 40 bucks in the car,darn glad we it. Same will hold true in a short term shtf,depending on how you define shtf,i called that snow shtf,it was for us. Very valid question,I think a couple grand wouldnt be out of line. Spuds:sheep:

Bugle | 03-29-2006 06:05 PM
Re: Do you keep a stash of cash? Quote:
Originally Posted by falser I'm thinking about building up an "under the matress account". In medium term emergencies (TSHTF, natural disaster, blackout) I see good old US FRNs being the medium of exchange -- not gold or silver. I'm thinking of the movie "Trigger Effect" where ATMs are out of money, and printed cash is king. I don't have a car, I rent an apartment, so I see a cash reserve as probably a smart thing to have, especially I wanted to leave the state, or country. I imagine it would quite difficult to turn PMs into cash in an emergency. How much do you guys keep in cash? $500? $5000?
You should have a good supply of everything. Just walk into the bank and try to withdraw say 11 to 15 thousand see what happens.

Infidel | 03-29-2006 06:10 PM
Re: Do you keep a stash of cash? try to withdraw 9999 and see what happens. you might get a call

Ragnarok | 03-29-2006 10:19 PM
Re: Do you keep a stash of cash? I have seen several recommendations that one should keep 2-3 months worth of "normal expenses" cash on hand for emergencies at all times. At a bare minimum 1 month's worth, IMHO. Ragnarok

edjerider^ | 03-29-2006 10:59 PM
Re: Do you keep a stash of cash? Where I live the population exchange food/fuel/commodities for money, cash or electronic transfer. They don't use gold or silver or 22 cartridges and most never will. I keep cash in case the banks fall over one day, or in case trouble comes and I need to get out of town. It will buy me food etc when everyone else is queuing up at their local bank and it will buy me fuel and supplies as I travel west away from a collapsing society. Sellers are programmed to accept cash and 90% of retail outlets/ service providers prefer it because they can stuff it in their back pocket as undeclared income. Cash, on hand, is the first of all survivalist tools because it can buy anything else. Only survivalists think in terms of Armageddon, the sheeple think in terms of "the government will fix it" and with that type of thinking they will accept cash right up to the minute their house is vaporized. if you don't have a months worth of cash on hand your crazy IMHO. Just split it up and bury it well. :smokin:

SilverNuts@Bolts | 03-29-2006 11:26 PM
Re: Do you keep a stash of cash? Keeping cash, in an appartment enviro is risky. Need to find a good hiding place and the matress is not it. A thief will find it in 3 minutes flat, in most cases. Cookie or sugar jar also don't work. Maybe moving the big, heavy fridge and unsrewing the back panel and stuffing it in there, away from sources of heat would work. Gota be creative or risk loosing it. Fiat, covering a months expensis should be enough, for small emergencies. What about real big ones? Perhaps we will learn real soon, if things don't go, as planed, with the Persion Gulf adventure?

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