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  • Posted by term2 10 years, 7 months ago in reply to this comment.
    keep a little cash separated from the real cash you might carry, so they get something and maybe leave you alone
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  • Posted by term2 10 years, 7 months ago in reply to this comment.
    I doubt they can track the new money if its buried in the ground without knowing pretty well where its at.
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  • Posted by term2 10 years, 7 months ago in reply to this comment.
    Its kind of big, but a store of toilet paper in an emergency would hold its value well. Something everyone needs, and could be traded if needed. Other things like toothpaste and other personal items or hardware store items could be in short supply like in Venezuela. None of these things would add up to hundreds of thousands of dollars, but might add up to the equivalent of $10k or so.
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  • Posted by term2 10 years, 7 months ago in reply to this comment.
    They would have to pull my precious metals out of my cold dead hand this time around. I would agree that smaller stashes of various stores of wealth are best.
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  • Posted by term2 10 years, 7 months ago in reply to this comment.
    I agree with you as to storing drugs like amoxicillin. I get mine from www.alldaychemist.com from india. Comes in very handy. Comes with expiration dates. If you have diseases that require drugs, its best to have a 6 month supply of them on hand in case disaster strikes.
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  • Posted by term2 10 years, 7 months ago
    I would say that one should use the US dollar as a trading token for short term trades with other people. BUT. long term stores of wealth should be in gold or silver, and hidden effectively in a place only you know, that is difficult for others to find. Safe deposit boxes arent safe, in the the government can confiscate the contents easily.
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  • Posted by $ MichaelAarethun 10 years, 7 months ago
    Obviously a long term and continuing problem but a side note or question. How does the total in this case stack up against the fraud perpetuated by our own in house situation starting, this time, with the government forced loans to those with no credit repayment ability and the ethanol fraud, through the printing press funny money and it's usual pathway through inflation, devaluation and debt repudiation ending up with the elderly, no longer able to work seeing their retirement funds slashed..

    Cui Bono? Who profits? Who skated and who evaded transferring to million dollar a year jobs?And who marched right out and voted them back into office every two years of more than the last twelve? Who allowed this to happen and who supported it? I suggest cleaning up our own mess as a first priority of public business and that starts with using the recall at the local level. if you don't have it get it - then use it. Not going to get at the top but a little hamstringing goes a long way at the bottom.

    Think about it next time you are tempted to vote for the government party in either of it's two forms. It's not what they say it's what they do, have done, and will continue doing that counts. Supporting evil greater or lesser only makes you an individual who is a supporter of evil.

    Äs for electronic fraud? Nothing new there only the format has changed. Is it any greater than changing coins for 'tokens and making printed money unacceptable for all debts pubic or private?

    I suspect the average attitude will be ho hum is it time for the game? Which channel. You get what you asked for and deserve. The power to do it to you was granted by none other than yourselves.

    Stop whining.
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  • Posted by Robbie53024 10 years, 7 months ago in reply to this comment.
    1) They have to know you have it. 2) They have to find it, and 3) They have to take it away from me and that's not going to be easy. ;-)
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  • Posted by Stormi 10 years, 7 months ago in reply to this comment.
    In 1933, FDR signed the Executive Order which banned the personal hoarding of gold. What is to stop the king of executive orders from doing likewise today?
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  • Posted by $ jdg 10 years, 7 months ago in reply to this comment.
    Both precious metals and gemstones have one big drawback -- it takes an expert to authenticate them, so if you collect either one you will want to live close to a trustworthy coin or gem dealer and hope he stays in business. Or become one yourself.

    Beyond that I can only suggest having some means to flee the country (only useful if the collapse is confined to one country), or to hide the way the Gulchers did. Because the other obvious ways of getting through an economic collapse (like having your own farm) only work until somebody stronger finds you and plunders you. With or without a badge.
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  • Posted by PeterAsher 10 years, 7 months ago in reply to this comment.
    Grief stricken, by the sudden death of my mother in early evening, my father nevertheless took me with him to the bank, first thing in the morning, and emptied her box.
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  • Posted by teri-amborn 10 years, 7 months ago in reply to this comment.
    Same way with my husband.
    I am just mechanically, electrically, carpentry, etc. inclined and know how to make things happen. Always learning.😀
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  • Posted by Robbie53024 10 years, 7 months ago in reply to this comment.
    Well, I'm a mechanical engineer, and a pretty darn good mechanic (at least on things that are mechanical instead of electrical ;-)
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  • Posted by Robbie53024 10 years, 7 months ago in reply to this comment.
    While bartering will be sufficient for most of life's necessities, when it comes to the larger luxuries, there will still need to be some medium of exchange. Over time, precious metals have been the best store of value, while remaining relatively easily exchangeable. Even in those instances where it was "banned" there was always an underground economy that traded with precious metals.
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  • Posted by DaveM49 10 years, 7 months ago in reply to this comment.
    True. "Value" can become a complex matter to determine, depending on the situation. Gemstones have traditionally held value, but there are so many variables as far as quality that both buyer and seller would almost have to be gemologists to agree on trading value.

    And of course there is a considerable difference between amassing a "store of value" which will serve in something resembling the present economy and something of a "survival" situation. In the latter, raw materials and tools may well prove to have more value as media of exchange than any traditional currency.
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  • Posted by Esceptico 10 years, 7 months ago in reply to this comment.
    You may be right. Except I doubt I would experience the PTSD from an electronic theft as I did from the robbery.
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  • Posted by Herb7734 10 years, 7 months ago
    I carry minimal I.D., one credit card and never more than $30. I figure that a couple of phone calls would take care of the I.D. and credit card, and $30, I can usually spare. I don't always carry because I live in what I thought was a safe neighborhood. I'm thinking of re-appraising that.
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  • Posted by Herb7734 10 years, 7 months ago in reply to this comment.
    Such incursions usually end in a violent act in order for the miscreants to have time to make their getaway. So, you actually came out better than usual. I was using my wife's mini-van that advertised her Avon business. I guess the bad guy expected a little old lady. I may be old, but I'm not little. As he approached me I saw a knife appear. We were in the parking lot of a big multiplex theater. I carry a cane. It has a metal handle in the shape of an eagle with a prominent beak. I remembered my training and when he got in range, I bopped him in the head with the beak of Sam. (Named after the eagle on Sesame Street.) I got into my car and drove off. I thought about staying and using the cell to call the cops, but he was young and still had his knife. I drove off and let the cops sort it out. I was shaky by the time I got home, but I had an interesting story to tell and a lesson reinforced.
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  • Posted by Robbie53024 10 years, 7 months ago in reply to this comment.
    The gov't still backs the first $250k per person at a single institution. Of course, if there were a sudden collapse, that could be useless, or the gov't could just print the money (as if they haven't been printing enough) and then inflation would make it worthless. Or, the FDIC could just default.
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  • Posted by Robbie53024 10 years, 7 months ago in reply to this comment.
    I wouldn't stash paper money, or at least not all of a single currency. There are many durable stores of value from precious metals (which have been outlawed in the past), to real estate (which can come under taxation), to artwork (depends upon a buyer to convert into usable funds), to businesses (which have their own inherent risks of viability, taxation, and competition). There is no one safe bet, merely various bets, each with their own risks.
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  • Posted by teri-amborn 10 years, 7 months ago in reply to this comment.
    My suggestion is: Get some skills that can be traded for what you need/want.
    I do a lot of that....
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