Posted on 07/07/2015 11:57:05 AM PDT by Kartographer
Even those who have hoarded cash fear that the value of the euro will plummet, or that a return to the drachma could leave them stranded with the wrong currency.
And so 48-year-old Sophia Marcoulakis is considering converting her cash into something more stable: a designer handbag.
It’s a luxury the mother of two never would have allowed herself before the banks shut down. But now she considers it an investment, a tangible possession that the government cannot take away.
“You have a feeling that money has lost its value,” said Marcoulakis, a corporate lawyer. “It’s just a number.”
(Excerpt) Read more at washingtonpost.com ...
8 women in my house. Hoard toilet paper? Sure, I stock up twice a month.
The basic reason for the Greek failure -- and the coming failure of the entire Western World -- is a fundamental ignorance of basic economics, perpetuated by educational systems that cares everything about ideology and nothing about reality.
This story fits right in with that ignorance.
Calories with long term storage, and you can run a diesel engine off it if you have to.
Yes, you’re right.
A good reminder for me: my grandparents were forced to hand over gold to Roosevelt. They never forgave him and it turned them onto the Republican party.
American cigarettes. Worked in Germany during post war occupation 45-47.
And when I served in Germany in 69-70 they were still in demand.
Exactly.
There is a gold bug ping list somewhere around here.
Any favorite “easy” recipe you use for mead?
Complete brewnubie here. Thanks.
“If the plan is for them to take money from all your bank and retirement accounts as well as from your safety deposit boxes how long do you think that they would let you keep gold?”
ok, then buy silver. Transactions of silver are not tracked. Yet.
“Marcella does Chanel Bug Out Bags? ;)”
Years ago, I was in Monte Carlo at a gambling casino and won some cash, walked in a Gucci store attached to casino and bought a Gucci gold colored envelope type purse to carry to Casinos from then on. My gun would fit in there, too.
As for Greece and what to do with money. One has to consider the demand as with any long term emergency. Why do you need money - a great part of our money is used to buy essentials - what keeps one alive.
If I lived in Greece, I would already have preps like I have now. The idea is to live through this emergency with a decent standard of living. My money would have gone first for that, as being dead limits your options.
One’s goal should be to use every option available and that means material life saving goods, including Sarge’s toilet paper stash. After that, store various forms of money so when the type of money is established, you have some of it no matter which one it is.
Repeating, don’t put all your money in one type currency - split it up so you can function when they figure out which currency will be used. Now, that is for Greece.
For here, real silver coins, dimes and quarters only. They will be more useful than gold. Gold is an albatross on your back because even a small coin is worth more than most items would cost, and people don’t understand how valuable a small gold coin is worth. They do understand silver coins and you can meet the price of what you want, even if it’s a lot of money - just stack up the silver coins and buy what you want.
If you have so much money you don’t know what to do with it, then buy some gold coins, not bars of gold, but it will be silver coins you use to buy your stuff. After the situation is back to “normal”, you can sell the gold or keep it.
I have booze reserves. The only hard liquor I like is rum, brandy, and Jameson’s Irish whiskey, but just about everything else is in my reserve for bartering.
Right now I have a 12-year old Glenfiddich, a bottle of Laphroig, and 1/2-gallon bottle of Jack Daniels, as well as some Johnny Walker Red label and Black label small bottles. I have vodka, too, but it doesn’t keep as well as the whiskies. I don’t know what kind of bourbons I should buy, so any suggestions would be appreciated.
Give them time. And even if they aren’t tracked officially my bet is that they are unofficially. You know you might be doing something illegal with that silver like not sharing.
All the more reason to be very discrete about your personal holdings. Make it as hard as possible for anyone (everyone) to know what you own and be very, very careful when you need to barter.
My silver, food, ammo - I’ll be asked to ‘share’ it eventually.
That’s why I have nothing stored or saved. And live a meager simple life, as far as anyone can see.
The only problem is that we want to remodel our 70’s era house and build an addition and shop without seeming to do so. Might be hard to hide that.
Heck I thought this was going to be about perfume and it’s original use, masking body odor when bathing is a luxury.
I’ve made mead. Good stuff and packs quite the punch.
L
war nickels are 35% silver, pre-1965 dimes, quarters and half dollars are about 90% silver; silver dollars a bit more. I figure about .715 Oz to the face value dollar of dimes, quarters and halves.
When I was about 8 years old, my aunt gave me a heavy sterling charm bracelet, with one charm on it. Those bracelets were very popular back then, and the idea was to get me started on collecting for it.
It was too big and heavy for a kid, but every vacation or special occasion I religiously acquired a charm or was given one; and by the time I was in my ‘twenties I could actually wear it. (By then they were out of style, and a real oddity. Fortunately, they ‘came back’ later.)
In recent years, I’ve justified the continuing collection-habit by thinking that it might be useful if SHTF. The little items are all sterling; I figure I could barter with them - for a loaf of bread here, or a gallon of gas there ;-)
When we began ‘prepping’ in our small way, Toilet Paper was first on the list. We’ve got a stack of 20-packs to the ceiling in an unused bathroom, and are starting another stack. I hadn’t thought about it as barter-stuff; but I guess nobody would want to be without it.
I read some years ago that the nickel is the only coin we have left that is actually worth, in metal, it’s denominational value. Is that true? Since then I’ve saved all of our change; I figure, hey, it’s metal...
I personally think that the most important things to gather for prepping, are SKILLS. But on a lighter note: there’s not much room on that bracelet for any more charms, and wearing it has become a chore. I guess I must start a second one, ‘posthaste’ ;-)
-JT, whistling ‘Diamonds Are a Girl’s Best Friends’
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