$200,000 in cash, in your house? Who does that?
(I can think of a couple of kinds of people who might do that...)
Perhaps more people than you might think no longer trust banks and have saved money for years. I know of many immigrants who have large amounts at home in cash who came by it honestly.
Old people do. So did Jack Benny. Now I suppose a few specific cops do, after this raid.
My grandparents had stashes throughout the house.
It was the way they were. We used to joke about getting to their house after they died before my mom & aunt slapped on the padlocks.
As they aged my mom & aunt took over the day to day tasks for them. After going through the house with my grandfather they took him to the bank to deposit almost $15,000. This was after the $10,000 law had been passed. :) It wasn’t confiscated.
My grandparents had stashes throughout the house.
It was the way they were. We used to joke about getting to their house after they died before my mom & aunt slapped on the padlocks.
As they aged my mom & aunt took over the day to day tasks for them. After going through the house with my grandfather they took him to the bank to deposit almost $15,000. This was after the $10,000 law had been passed. :) It wasn’t confiscated.
I forget how much money I found, after my aunt died and I received our dishes and glasses collection.
She had stock piled cash in between several dishes.
She grew up in the depression. We had many a Hellmann’s mayo glass jars stock piled, as with many a can of food.....along with other stock piled items.
It always seemed weird, but not now.
Why not do it.
The banks are paying .10% interest on your money now.
Might as well keep it at home.If I had a safe that’
s what I would do with mine.
That way when the Ovbamacare goes into effect the Feds couldn’t just take it out of my account.
“H.R. 3590 gives the federal government specific access to individual bank accounts and medical records as provided by that individuals health plan. The government may monitor an individuals finances and medical records electronically, for the purposes of determining an individuals eligibility for certain programs under the bill. They may also monitor an individuals finances and medical records to ascertain whether that individual has health insurance and is making regular premium payments to an approved health insurance plan; this will allow the federal government to determine each individuals financial responsibilities with respect to penalties and fees prior to or at the point of care as outlined in the bill. This clause also gives the government the ability to transfer funds electronically to or from an individuals bank account for the purposes of debiting his/her account for fees and penalties.”
Fact is I may take the money out of my accounts while I can.
People who lived through the depression and don’t trust banks. Some people keep gold coins in their homes, too.
None of your business.
Or mine.
And for damn sure, none of the stinking ATF's business.
People that were born during the depression and pre WWII.
You went awful quiet after you got schooled over your ill-thought jibe...
I know several people who have large amounts of cash/precious metals in their house, especially since the recent massive bank failures, and none of those people are criminals. I’m quite certain there are a number of FReepers from the “prepper” community who have assets stashed for a “rainy day” in their homes or bugout locations.
“$200,000 in cash, in your house? Who does that?”
I personally know 2 people that probably have at least that much cash on hand!
People who don’t trust banks. People who have memories of or are familiar with financial controls during the depression. People who have studied what went on during the collapse in Argentina. People who want to live under the radar for whatever reason. I can think of many types of people who do this as well.