To: PA Engineer
keep your coinage handy ..in a crisis, the banks might declare a “holiday” and your safe deposit box may not open for many months...maybe years....
117 posted on
07/24/2009 10:19:49 PM PDT by
cherry
To: cherry
Already prepped. I strongly believe a bank holiday is imminent this fall. For those that have not prepped I agree with others that food and water are the first priorities. Medication and defense are second and "real" money is the last.
I have spent a great deal of time studying gold and silver. I think both should be held including junk silver. I believe that silver has the greatest upside, however large quantities are hard to store. I prefer bullion over industrial bars for the short term (5-10) years. Gold is necessary to preserve your wealth, however is very difficult if not dangerous for daily commerce.
Cash will still be necessary even with a bank holiday. I believe after a bank holiday cash will begin to lose legitimacy. With potentially high inflation, liquidity is a necessity.
Finally, a two tier trade system will "continue" to develop. This will involve barter outside of the cash system. The cash system will remain, however preps should involve "real" money to convert to fiat currency as needed.
126 posted on
07/24/2009 11:21:19 PM PDT by
PA Engineer
(Liberate America from the occupation media.)
To: cherry
Don’t keep all yer eggs in one basket advice per se.....:o)
safe deposit box
home fire proof gunsafe
cached in secret hides
with trusted friends
in plain sight, hollowed out brick on wall of home for example.
206 posted on
07/26/2009 6:25:08 AM PDT by
Squantos
(Be polite. Be professional. But have a plan to kill everyone you meet)
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