'It's Time To Hold Physical Cash,' Says One Of Britain's Most Senior Fund Managers

It may be time to money under the mattress. High profile fund managers explain how to prepare for a 'systemic event'

The manager of one of Britain’s biggest bond funds has urged investors to keep cash under the mattress.

“Thanks Marcella. You in the financial world?”

No, but I have studied it for years and I'm so old I have witnessed crashes and upticks and bulls and bears and crashes and why they happened and had stocks and gold and silver and sold and bought and sold and bought and lost and gained, etc., etc., etc., etc., - however, I don't remember the crash of 1929 because I wasn't born then. :o)

Lately, having studied the phenomenon of stock market crashes/economic crashes compared to the Israeli Biblical Shemitah (we call it Sabbath - the resting God required after seven times of seven years of resting by Sabbaths), I have to believe there will be a severe crash of the economy caused by something in September at the end of this Israeli 7th year of Shemitah (Sabbath). That sounds difficult, let's see if I can make it simpler:

Rest every week on the Sabbath.
Rest every seventh year of Sabbaths.
Rest the year after seven series of Sabbaths. That is the Sabbath (Shemitah) time God said all debts are canceled, people return to the land if they had sold that land, everything all goes back to zero in order for the people to understand all they had was from God; that He made/owned all and it was His goodness that allowed them to gather what they had.

If one follows the crashes in the whole world since we have kept track of economics, almost 100% of crashes is related to that final Shemitah of the series. Since the world didn't follow God's requirement to go back to zero and start over, understanding He gave it all to us, He causes the crash in the final Shemitah year so we are forced to start over.

The Shemitah is explained at various places on the web and Jonathan Cahn wrote the book, “The Mystery of the Shemitah” in 2014. He is a terrible writer as he repeats himself over and over and over, but if you skip the repeats after you have read about that particular thing once, you will finally get to the end which relates to what will likely happen shortly before or on or shortly after this September 12/13 (the Israeli final day of this Shemitah year begins at sundown, our Sept. 12 and end at sundown our Sept. 13).

Now, are you sorry you wrote that post to me ‘cause you had to suffer through reading all this? :o)

I have two retirement accounts. One is a 401K that I am drawing a small amount from each month and the other is a P&G stock account. If I take a small cash distribution from the stock account($5,000 or $10,000) I will either receive a paper check or it will be deposited to my bank account, after 20% taxes.

Can I then withdraw it from the bank in cash? I know there will be a waiting period but will banks give you cash?

“Can I then withdraw it from the bank in cash? I know there will be a waiting period but will banks give you cash?”

Sorry I didn’t answer you sooner, been doing actual physical things away from computer. The answer to your question is YES. I deposited a check of $75,000 at my branch bank. As I was leaving, the bank manager stopped me and said if I wanted cash, he didn’t have that much in the bank - he would have to get it for me from their main bank in the city. I told him I wouldn’t be asking for cash.

I used that money when I bought a house a few months from then, but it wasn’t cash, was a check so it was a money transfer on paper. I could have had the cash if I wanted it.

That is your money and you can get the cash. Where you keep it is up to you. I once had a book, think I still have it somewhere, that suggested places to hide things in your house - neat book. Maybe I can find the name of that book if I do a search.

You can start here to give you an idea about hiding valuables:
http://www.diyncrafts.com/3833/home/15-secret-hiding-places-will-fool-even-smartest-burglar

Thanks so much for your reply! I would be afraid to keep too much at home but it definitely wouldn’t hurt to keep some. I had heard horror stories of banks refusing to give a person cash and that seemed illegal to me. I’m glad to hear it isn’t true. I keep telling myself to leave the stock where it is and I hate to remove any of it because if you do it can’t grow but if the government gets it you still don’t have it. :-)

I have a small fireproof safe but it would be easy for somebody to carry it off. We have a larger gun safe that bolts to the floor but it’s not fireproof. My house is an older farm house built in the early 50’s and fire always worries me. I will take a look at your link. I remember my grandfather hiding his valuables in tin coffee cans under the house. LOL A lot of people did that after the depression. I guess I could always lock the little fireproof safe up in the big safe.

“I have a small fireproof safe but it would be easy for somebody to carry it off. We have a larger gun safe that bolts to the floor but it’s not fireproof.”

A thief will look for a regular safe, however they probably wouldn’t look into your lettuce in the fridge. Stop thinking of regular safes, find safes that aren’t regular safes, like the “lettuce” safe or the container of “antiperspirant” safe or the on the wall “electrical outlet” safe.

I had an electric outlet safe in my closet in a house I owned years ago. I also had a can safe. Do click on the link I sent and that will give you ideas about where to “store” stuff.
Marcella

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.