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studiopaul | 02-27-2009 09:29 PM
Cash FRNS whats worth holding onto? At this point im seeing and trying to understand inflation with simultaneous deflation. With the private holdings vs public effect. Inflation/ hyperinflation/ stag and deflation.. its a lot to take in. We are seeing grocery prices and sizes being manipulated... and im sure we have all stockpiled food by now. TA mentioned a while ago having cash on hand is an important factor. Im now trying to look for other countries economic collapse and the amount of cash to hold during these events. Especially not being caught with too much devalued paper! I have PMS FOOD water and filters ...ammo/protection. What would be a good cash pile to have, $1000 in $1 bills is annoying to have... your thoughts welcome! :23_31_2:

Stealinator | 02-27-2009 10:02 PM
Re: Cash FRNS whats worth holding onto? Im kind of at this point too. I ge a little excess every month, and more offten than not, spend it on increasing stacks of metal. All of my bank accounts have less than $50. As soon as business checks clear, I pay bills, my self and (we will just leave it at reinvest in the business) I have the unfortunate circumstance of being in a intrest only mortgage. So , of course would be nice to know the level of SHTF scenario. I somehow have to come up with xxxx every month to pay country wide. Im going with 2,000 cash 1,000 in 20's, 600 in 10's 300 in 5's and 100 in 1's. In the event of a total meltdown, what would happen to lenders? I mean, they will still want the $ monthly, I am sure, but will there even be a mail service? Is that never gonna happen? Maybe more like Argentina? 70% employment, takes 3 dollars to make what 1 is today, major black market everywhere, etc. I actually think about this often. I plan on working my arse off this year and saving alot of $, but do not want to be stuck with alot of frns ( have really lost most desire for them anyways) showed my little girl a 100 dollar bill and a silver eagle , of course she reached out for the eagle :)

studiopaul | 02-27-2009 10:44 PM
Re: Cash FRNS whats worth holding onto? Id rather hold a lot of silver fractionals than green pointless paper... so im looking for the major tell tell signs that make me dump them before they are useless... Going to a store and finding they will not accept FRNS would be bad planning on my part! Looks like you have a smart young lady in the family!!!

TheNocturnalEgyptian | 02-27-2009 11:08 PM
Re: Cash FRNS whats worth holding onto? I keep some cash on hand in 5's 10's and 1's. I get looks at the bank but I have my cash. Other than that it's all about metal for the long term.

Mujahideen | 02-27-2009 11:09 PM
Re: Cash FRNS whats worth holding onto? nickels & copper pennies. then start saving money for farmland.

Sparky | 02-27-2009 11:16 PM
Re: Cash FRNS whats worth holding onto? Quote:
Originally Posted by studiopaul (Post 1598741) Id rather hold a lot of silver fractionals than green pointless paper... so im looking for the major tell tell signs that make me dump them before they are useless... Going to a store and finding they will not accept FRNS would be bad planning on my part! Looks like you have a smart young lady in the family!!!
Anything similar to Stealinator's cash list is suitable. If there is a meltdown, there may a period (days or weeks) during which fiat is in short supply, and much more liquid than fractional silver. The fractional silver would then become valuable when the government tries to solve the fiat shortage by distributing massive amounts of paper dollars.

studiopaul | 02-27-2009 11:39 PM
Re: Cash FRNS whats worth holding onto? Once again we have all preps on speculation... we get it....but want to see any docs or accounts of what happened during these times.... anyone have any useful historical data on this subject?

Tome | 02-28-2009 12:32 AM
Re: Cash FRNS whats worth holding onto? Many places don't accept $100 bills so I keep a few thousand in $20 bills with my AGEs. Silver makes no sense to me because the clerk at the grocery store will not be reading the date on your dime.

studiopaul | 02-28-2009 12:47 AM
Re: Cash FRNS whats worth holding onto? Thats true and im sure we have barter items too...people learn fast! Your paper no good here! whats this a quarter thats silver! no way! Again we need to research a historical actual meltdown like Argentina... We may get lucky and learn from other smaller countries collapse first and get first hand accounts of what to do.. There is being prepped but still ignorant to how this will play out in our futures. ignorance is not bliss from where I stand.

ImaCannin | 02-28-2009 12:51 AM
Re: Cash FRNS whats worth holding onto? This guy in Argentina...... Its a must read! http://goldismoney.info/forums/showthread.php?t=32462

studiopaul | 02-28-2009 01:11 AM
Re: Cash FRNS whats worth holding onto? Good article.. that i have read Again it all seems to point to preps... looks like the USA will be very different with its collapse... maybe more like Weimar or maybe less subtle... With 3OOMIL people.. my estimates seem to point to much greater problems. Do we conclude with AS MUCH OF EVERYTHING AS YOU CAN CARRY, STORE, HIDE AND DEFEND!

studiopaul | 03-01-2009 01:24 AM
Re: Cash FRNS whats worth holding onto? Thinking of reducing my FRNS savings to the bare minimum soon... eight months of bills worth... remove all from accounts.. remaining and earned on a week to week basis spent on more preps. Anyone else getting out of there banks... TD north likes to play with my cash too much!!! :MIA:

ImaCannin | 03-01-2009 01:43 AM
Re: Cash FRNS whats worth holding onto? pretty much been out for months! Just enough in my business account to pay bills.

End of Hope | 03-01-2009 03:11 AM
Re: Cash FRNS whats worth holding onto? Quote:
Originally Posted by studiopaul (Post 1598586) What would be a good cash pile to have,
At least three months of "operating funds" in cash, at home, in bills no larger than $20s. And be sure the bills have no missing pieces, rips, tears, writing, or other major blemishes. And that they're colorized. You don't need someone questioning the bills in a SHTF scenario.

End of Hope | 03-01-2009 03:16 AM
Re: Cash FRNS whats worth holding onto? Quote:
Originally Posted by studiopaul (Post 1598741) Going to a store and finding they will not accept FRNS would be bad planning on my part!
The far greater problem would be chain stores not accepting Silver Eagles at more than face value. We may never get to the point where FRNs are not accepted; it will just require 100 times more of them. Unfortunately, the reality will be that we have to convert real money into fake money as we go along. Very few businesses will accept Gold & Silver at intrinsic value (I'm sure they'd take a 1/10 GAE and give you $5 for it!).

Fullpower | 03-01-2009 03:20 AM
Re: Cash FRNS whats worth holding onto? I only stack hundreds. 20's, fifties and other small change are for gas and groceries

End of Hope | 03-01-2009 03:24 AM
Re: Cash FRNS whats worth holding onto? Quote:
Originally Posted by studiopaul (Post 1598915) Again we need to research a historical actual meltdown like Argentina...
Argentina is Argentina. There will be only minimal crossover on issues for us. Hispanic cultures have traditionally valued precious metals. The WASP culture no longer does. And most American "minorities" value Gold or Silver only for teeth or bling-bling. Wal-Mart and all chain stores will not accept anything but the "legal tender." Abandon ye all fantasies that we will go into the Wal-Mart Supercenter, or Super K, or Super Target, or Safeway, etc., plunk down a Silver American Eagle, and walk out with a sack full of groceries. Nope, that SAE will be, in accordance with policy, the exact equivalent of a single Federal Reserve Note. You might have better luck at the Farmer's Market, but even then, it will depend upon how easy it is for the recipient to convert the metal to FRNs. If the regime "outlaws" real money, then conversion will be relegated to a much more complex underground system. Cash for the short-term, precious metals for the long-term.

End of Hope | 03-01-2009 03:27 AM
Re: Cash FRNS whats worth holding onto? Quote:
Originally Posted by studiopaul (Post 1598942) Good article.. that i have read Again it all seems to point to preps... looks like the USA will be very different with its collapse... maybe more like Weimar or maybe less subtle... With 3OOMIL people.. my estimates seem to point to much greater problems. Do we conclude with AS MUCH OF EVERYTHING AS YOU CAN CARRY, STORE, HIDE AND DEFEND!
America will NOT experience a mirror of Weimar (or Zimbabwe). "They" cannot tolerate another Weimar, because they know what that resulted in the first time (Hitler). This will be a controlled slide, a "slow-motion train wreck." Double-digit inflation, not nine-digit inflation.

End of Hope | 03-01-2009 03:30 AM
Re: Cash FRNS whats worth holding onto? Quote:
Originally Posted by Fullpower (Post 1600650) I only stack hundreds.
HIGHLY inadvisable. Even now, $100s are frowned-upon everywhere, with great scrutiny (pens, UV lights, etc.). In a SHTF scenario, they'll say, "sorry." No bills larger than $20s, and only the newer, colorized ones in good condition.

hypervel | 03-01-2009 09:50 AM
Re: Cash FRNS whats worth holding onto? Guv will require FRN use with them. Tax, licensing, whatever for as long as a semblance of order holds. They won't be taking chickens in exchange for property taxes.

lhslancers | 03-01-2009 10:23 AM
Re: Cash FRNS whats worth holding onto? Quote:
Originally Posted by End of Hope (Post 1600659) HIGHLY inadvisable. Even now, $100s are frowned-upon everywhere, with great scrutiny (pens, UV lights, etc.). In a SHTF scenario, they'll say, "sorry." No bills larger than $20s, and only the newer, colorized ones in good condition.
These newer bills don't seem to hold up as well as the older ones did. They change the paper cause they get thin real quick it seems to me?

ruprick | 03-01-2009 11:04 AM
Re: Cash FRNS whats worth holding onto? I figure that worst case the 3 mo cash stash will be a complete loss. That would suck...but we will probably get some warning to spend these. Otherwise preps and metals are the only thing to hold. Bank accounts at minimum functional balances....been that way for many months...way prior to IndyMac. Go with a mix of paper FRNs....concentrate on $20 and $10......$1 and $5 are too stinking small. I do have 6.5 tons of copper pennies - but that is mostly a long term copper price speculation play...but in a real jam...it will also spend....

studiopaul | 03-01-2009 02:30 PM
Re: Cash FRNS whats worth holding onto? Its good to see the response.. I have a lot of $1 dollar bills that I will be moving into $5 dollar bills (the new $1 dollar due to inflation :4_1_72: ). I agree, i had problems a couple of weeks ago with a $100 dollar bill.. and have been spending them and keeping the change...much like when you put your change in a jar. I am seeing a slow slide down hill with inflation..yes but dont want to be caught at the bottom with stacks of green.. But I guess once it reaches that point we will be concerned with larger problems anyway.. Just ironing my chinks out of my armor till then! :ok:

Sparky | 03-01-2009 02:37 PM
Re: Cash FRNS whats worth holding onto? Quote:
Originally Posted by ruprick (Post 1600874) Go with a mix of paper FRNs....concentrate on $20 and $10......$1 and $5 are too stinking small.
I don't understand this. If there is a fiat shortage, your seller may be unable to make change. You grab the last can of tuna on the shelf, and you have to pay $10 for it because neither of you has small bills. Make sure $1s and $5s are part of your stash.

studiopaul | 03-01-2009 03:25 PM
Re: Cash FRNS whats worth holding onto? Well depends on what state of financial breakdown we are in... if its close to looting and no food left...they cant make change..take the $10.. Its one more meal that will add to my stash..but i think i will be well prepped for this not to happen. As i said have a lot of ones.. takes up a large bag to get one thousand of them. And have concentrated on $5's due to inflation.

dimitri | 03-01-2009 06:18 PM
Re: Cash FRNS whats worth holding onto? Printed dollars account for roughly 3% of the money in our economy. I think having cash will be a smart move - definitely smarter than having electronic digits in a bank account. I could see people rejecting electronic transfers before they reject your physical fiat.

studiopaul | 03-01-2009 06:52 PM
Re: Cash FRNS whats worth holding onto? I have drained most of my accounts slowly without raising eye brows, im feeling somewhat comfortable with what has been achieved so far...I need more hiding places and more defense planning.

CajunCoin | 03-01-2009 10:28 PM
Re: Cash FRNS whats worth holding onto? I carry $1 in paper and coin with $2 Bills, $5 and $10 Stacked way, $1000 in 5&10s, $1000 in 1 and twos each. Twentys, Fifty and Hundreds are reserve stuff, but small change in misc coin could be a problem, Keep 50$ in pennies, $500 in dimes and $1000 in quarters and halves each. In Hurricane Season, most stores here run short on small change, have no fear, coinage for sale!!! Clad for premimum prices!!!!

ruprick | 03-01-2009 10:36 PM
Re: Cash FRNS whats worth holding onto? Quote:
Originally Posted by Sparky (Post 1601126) I don't understand this. If there is a fiat shortage, your seller may be unable to make change. You grab the last can of tuna on the shelf, and you have to pay $10 for it because neither of you has small bills. Make sure $1s and $5s are part of your stash.
I figure when it turns to crap.....everything will be expensive and I'll also just buy more of whatever it is.....will not want change....will just want more of whatever it is....

j-son | 03-01-2009 10:40 PM
Re: Cash FRNS whats worth holding onto? Quote:
Originally Posted by Fullpower (Post 1600650) I only stack hundreds. 20's, fifties and other small change are for gas and groceries
i do the same.

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- - Cash FRNS whats worth holding onto? (http://goldismoney.info/forums/showthread.php?t=354001)

mike77777 | 03-01-2009 10:57 PM
Re: Cash FRNS whats worth holding onto? we called hundreds "alaska tens" at times when i lived there.

End of Hope | 03-01-2009 11:33 PM
Re: Cash FRNS whats worth holding onto? Quote:
Originally Posted by lhslancers (Post 1600842) These newer bills don't seem to hold up as well as the older ones did. They change the paper cause they get thin real quick it seems to me?
I've noticed the new paper seems less resilient, too.

Silverstone | 03-01-2009 11:51 PM
Re: Cash FRNS whats worth holding onto? I don't have a problem with 100 dollar bills, if we get heavy duty inflation, you'll be able to spend a $100 dollar bill, it'll be the new equivalent of the $20 dollar bill.

TTAZZMAN | 03-02-2009 12:04 AM
Re: Cash FRNS whats worth holding onto? Quote:
Originally Posted by ruprick (Post 1600874) I figure that worst case the 3 mo cash stash will be a complete loss. That would suck...but we will probably get some warning to spend these. Otherwise preps and metals are the only thing to hold. Bank accounts at minimum functional balances....been that way for many months...way prior to IndyMac. Go with a mix of paper FRNs....concentrate on $20 and $10......$1 and $5 are too stinking small. I do have 6.5 tons of copper pennies - but that is mostly a long term copper price speculation play...but in a real jam...it will also spend....
how did you sort the copper ones out? .....any good clues to how to do that mechanically....i think i would like to hold a similar pile?

Matt-themaddog-Dollar | 03-02-2009 12:09 AM
Re: Cash FRNS whats worth holding onto? Aren't you all aware that gold went up 75% during the great depression?

thrifty_bob | 03-02-2009 12:58 AM
Re: Cash FRNS whats worth holding onto? Tens or Twenties, I think, enough to pay for 3 months spending is a good idea. Fifties and hundreds aren't accepted everywhere. Rolls of nickels are a thought, but would be a pita to store. In Zim they brought back the old coins that had been made worthless by inflation at much higher values. I see Gold or Silver as something you want to hold longer term, like 5 to 10 years out, when the dollar is no longer a world reserve currency.

Cassandra | 03-02-2009 01:59 AM
Re: Cash FRNS whats worth holding onto? If you can get bags of Ike dollars or even post 1964 Kennedy halves from your bank, there's a good way to store some dollars that will have a floor metal melt value. And you use them as a decoy and put them where a thief might carry them off instead of something real. Better than the presidential Chuck E. Buck dollar by a long shot or even paper for small denomination IMO.

immanti | 03-02-2009 02:07 AM
Re: Cash FRNS whats worth holding onto? I think holding some cash is always a good idea; how much depends on your total capital. You need some protective paper wrapping your PMs. But if you have 1 ounce of gold and 40 ounces of silver, holding on to 6 months worth of cash would not be your best option, imo. A percentage of the current value of your PM's (or whatever you'd sell in a pinch) might be a good parameter.

G.W.Tanker | 03-02-2009 02:45 AM
Re: Cash FRNS whats worth holding onto? For example, I bought a bottle of water for my daughter during her AAU game; machine gave me back a coin (can't remember value) I'd never seen before. I just about threw it away then used it in same machine to buy another bottle of water for another $1; used to be I'd do hard labour for 20mins for said $1. I figure the water is worth more than the zinc coin. Hell, largest PbZn mine on the cont. is just across the border. Paper, OK; Ag better, Au best but need a little paper to keep the idiots happy during the trade 'till they (or I) figure better. How much of each to how much of each to hold is personal speculation. Best of luck! Tanker

Sparky | 03-02-2009 05:28 AM
Re: Cash FRNS whats worth holding onto? Quote:
Originally Posted by Silverstone (Post 1601961) I don't have a problem with 100 dollar bills, if we get heavy duty inflation, you'll be able to spend a $100 dollar bill, it'll be the new equivalent of the $20 dollar bill.
No, this is faulty logic. The reason for holding cash is for a temporary shortage. This will be short-term deflationary. Prices can't be high if spending power is low. Also, such a shortage would be quite temporary, so you won't need months of FRNs. The response from the government will be a massive paper print and distribution effort. Imagine palates of notes being sent to your bank for distribution. This process will only take a couple of weeks at most. THEN the $100 will be the new $20. The cash hoard is for the temporary dry spell.

oldmansmith | 03-02-2009 05:53 AM
Re: Cash FRNS whats worth holding onto? Anybody hoarding cash....and you all should be...would be wise to keep receipts for it (I do). Otherwise the goobermint may confiscate it as "illegally obtained."

Twisted Avatar | 03-02-2009 07:50 AM
Re: Cash FRNS whats worth holding onto? Quote:
Originally Posted by studiopaul (Post 1598586) What would be a good cash pile to have,
If depends on what your Money situation is but lets say for the sake of argument it is 10K I would go 3000 in 1's 3000 in 5's 2000 in 10's 2000 in 20's You have got to think like a bank....... if the hammer falls NOBODY IS GOING TO BE MAKING CHANGE FOR ANYTHING people That do have "money" are going to be buying very expensive items or be forced to leave without it. Think Argentina with the coin shortage. You can have some 50 and 100's if you like but I think that will mark you more than anything else as one who has. With lower currency it is still in the reach of most pesants. The name of the game is Blend in if you have to deal.

Twisted Avatar | 03-02-2009 08:01 AM
Re: Cash FRNS whats worth holding onto? Quote:
Originally Posted by oldmansmith (Post 1602178) Anybody hoarding cash....and you all should be...would be wise to keep receipts for it (I do). Otherwise the goobermint may confiscate it as "illegally obtained."
Quoted for truth. Yeah I remember a story (forget which State) where the Cops came to guys house maybe it was domestic dispute but it was something that was no big deal . During the course of the visit the Homeowner had a safe with like 50-100k in it THE POLICE TOOK HIS MONEY BECAUSE HE DID NOT HAVE A RECEIPT AND COULD NOT EXPLAIN (TO THERE SATISFACTION) WHERE HE GOT IT FROM!!!!! He now has to go to court(with an attorney chang ching!!) to explain how he had this money what, where and from whom and it will be courts soul perogative if he gets back one clad dime(minus fees of course). Capone is rolling over in his grave at the thought of such everyday corruption. People I am telling you DO NOT CALL THE COPS FOR ANYTHING !!! It always turns into a @#$%^&*ING Disater when they show up. FOR YOU. T

Team Paratrip | 03-02-2009 01:02 PM
Re: Cash FRNS whats worth holding onto? Quote:
Originally Posted by Cassandra (Post 1602048) If you can get bags of Ike dollars or even post 1964 Kennedy halves from your bank, there's a good way to store some dollars that will have a floor metal melt value. And you use them as a decoy and put them where a thief might carry them off instead of something real. Better than the presidential Chuck E. Buck dollar by a long shot or even paper for small denomination IMO.
I do actually keep my clad kennedy halves when I sort through looking for 90% silver halves for emergency cash purposes. Very much a good idea I would say.

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