If you live near the gulf coast and have experienced typical post-hurricane outages (power, phone, internet), you should be fully aware of what you can do with cash in those situations.

IF they eliminate cash, there will still be those that take it, or perhaps small denomination gold and silver. At least for a little while.

quote:

Originally posted by SIGnified:
If we can’t have fertilizer and baby formula, what makes you think they’re going to allow us to keep our cash?

The alternative is metals. I am surprised that gold and silver have been trending down...or at least holding where they are.

quote:

Originally posted by gearhounds:
It wouldn’t at all surprise me if this isn’t part of the globalist plan; get EVERYONE into digital currency and then crash the system, making everyone insolvent in an instant. Everyone but the elite and those with actual money.

Once everyone is in chains, no need to crash the system. They know where and how you spend your money. They know how much money you have. They can devalue your money as they see fit to keep you in your place.

quote:

Originally posted by Schmelby:
Cash is King. I have never paid for a meal or gas ever with a credit card....

Do you actually walk over to the Go Mart, go inside and get in line and wait to pay a cashier for the gas you pumped?

quote:

Originally posted by SIGnified:
I think the advocates of cash miss what’s coming … there won’t be any soon.

Oh no no no. I see what's coming. Quite clearly. Which is why I'm screaming so loudly about it whenever I can.

There was a thread on SF a couple of years ago about how much cash you kept in your home for immediate use if need be.

I was amazed at how little some people kept on hand…

quote:

Originally posted by ridewv:

quote:

Originally posted by Schmelby:
Cash is King. I have never paid for a meal or gas ever with a credit card....

Do you actually walk over to the Go Mart, go inside and get in line and wait to pay a cashier for the gas you pumped?

Yes,I do. If it's crowded I wait till the next day when it's not. Maybe an extra 1-2 minutes.
I have never had a credit card compromised.

quote:

Originally posted by smlsig:
There was a thread on SF a couple of years ago about how much cash you kept in your home for immediate use if need be.

I was amazed at how little some people kept on hand…

Same here.. But I use CC for convenience/fraud protection/cash back and pay it off monthly.

That said, keep cash at home/ready for POS failures or power/infrastructure issues. If you can stack silver/gold.

quote:

Originally posted by smlsig:
There was a thread on SF a couple of years ago about how much cash you kept in your home for immediate use if need be.

I was amazed at how little some people kept on hand…

I usually keep several thousand in cash at home. I used to keep it in 50's and 100's.
I think from advise on here, I now save mostly 10's and 20's and some 50's.

quote:

Originally posted by Schmelby:


I usually keep several thousand in cash at home. I used to keep it in 50's and 100's.
I think from advise on here, I now save mostly 10's and 20's and some 50's.

I wonder how smart it is to advertise that. Of course all the Mason residents are as honest as the day is long. Well, maybe.

Some issues. Folks won't take 50s all the time, and hundreds are tough to buy a pack of gum with. Often can't buy a gun with 10's or 20's. At least a decent one. Can't even buy ammo with tiny bills. What do guns and paper money have in common? Serial numbers.

At gun shows its amusing to see someone try to buy either with a credit card. Cash is King!

I personally enjoy seeing folks with credit cards crying when they can't do a transaction. I just gave my wife $100 in 20s. Not a problem.

quote:

Originally posted by rburg:

quote:

Originally posted by Schmelby:


I usually keep several thousand in cash at home. I used to keep it in 50's and 100's.
I think from advise on here, I now save mostly 10's and 20's and some 50's.

I wonder how smart it is to advertise that. Of course all the Mason residents are as honest as the day is long. Well, maybe.

Good luck finding it. I have a loaded firearm within a few feet of me in every room in the house.
Only when the grandsons come do I have to make the house safe.
I see your not too far south of me, you're not planning something are you. LOL!

See my CUT.
I tried to reduce my banking (Credit Union) relationships a few years back. I wound up with more Credit Union memberships than I ever had. I am keeping them, originally some were work related. They all use different core processors and ATM network processors. All it takes these days is for one critical internet node or MicroSquish update to break some bank’s system.

quote:

Originally posted by Schmelby:

I usually keep several thousand in cash at home.

I mis-placed your address. Would you mind refreshing my memory?

Digital currency, whether its credit/debit cards or some other federally controlled digital currency, carries risks of control. How much fun would it be to try to buy a gun or ammo with a card or digital currency and be told you can't buy that gun or ammo because you've exceeded some government parameter you don't even know about. Or to go to the range and be told you can't shoot today because you paid for marriage counseling with your digital payment and need psychiatric clearance to use the range. Especially when you're not the crazy one in the marriage. Or sidle up to the gas pump only to be told your digital payment is declined because you've used up your carbon credits for the month and have to wait until after the first of the next month to buy gas again. Only a few years ago, this would have been considered crazy, wild-eyed, tin-foil hat conspiracy theory junk. Doesn't sound quite so crazy today. There are powerful people who think this kind of total control is not only completely appropriate, but totally necessary for the utopian (and all-powerful authoritarian) society that they want to create.

I use debit/credit cards, because sometimes its unavoidable, but have cash on hand for many purchases, or if the credit/debit card processing services become unavailable.

What markand said! I'm sure there a lot of people that would love to have that kind of control.
I haven't used an ATM machine in 35 years. When I was working, I was the only employee that did
not have direct deposit. Paper check. They laughed at me. I asked them how they got cash, they
go to the ATM a couple times a week. I went to the bank once every two weeks, deposit most of it
and get cash for my expenses. I laughed at them!
And I still wright checks to pay my monthly bills.
Maybe I am the strange one.

Most of my money exists as electrons, but I do keep and try to maintain a "cash cache" at home (in a safe). It is mostly for unexpected expenses like car repairs, but can be used for others, like that new gun on sale.