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How much money should you keep in cash in...
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You are currently reading a thread in /biz/ - Business & Finance

Thread replies: 41
Thread images: 7
How much money should you keep in cash in case the banks collapse again?
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>>1083541
>money

how new are you?
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>>1083541

0.

If the banks collapse the money is worthless anyways
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>>1083548
bitcoin hit the ceiling 2 years ago senpai
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>thinking worthless pieces of colored cloth will do you any good in a collapse
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>>1083541
if you think the world is coming toi an end there is plenty of libertarian survival channels on youtube
ill make an easy list of what to buy though:
1.iodide pills
2. guns
3.food
4. interracial porn mags
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>>1083568
>interracial porn mags
they're worthless now
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>>1083541
If you seriously think banks are collapsing and "OMG SHTF!"then buy things that will have practical value in that kind of situation. Food, water purifiers, survival equipment, guns/ammo, and proper clothing.
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Money is useless of the banks collapse

You should keep 3/6/12 times your monthly expenses as an emergency fund, as well as money set aside for unexpected problems, such as car repairs, copays, etc
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>>1083553

/THREAD
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>>1083619
this

if 'the banks' collapse then your money isn't likely going to be worth much anyway...

spreading cash savings between some banks can protect you - in the UK you're insured for a certain amount per banking group so splitting your cash gives you a greater portion of cash deposits that are insured (if you keep that much in cash anyway)

instead of cash gold coins might be useful if banks collapse - you'll pay 3-4% though above the spot price unfortunately... in the UK if you buy sovereigns they're exempt from sales tax and capital gains tax as they're legal tender
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>>1083648
>spreading cash savings between some banks can protect you

that is to say, can protect you if only some banks collapse...
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>>1083561
They're not worthless, they're guaranteed by The Queen
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Okay financial collapse is a retarded permitted, but what about for an everyday disaster i.e. after power/network outage due to extreme weather, someone stole your identity/bank info and you need to wait for new ones, wrongfully accused of a crime and need to flee the country, etc.
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>>1083619
>>1083619
>copays
My dyslexic ass thought you said 'cosplay'
I was really confused like "oh no, C2E2 is tomorrow, break out the emergency fund"
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>>1083541
>>1083541
>>1083541
ALL OF IT!!!!
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>Financial collapse, world goes crazy
>but I have money...
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>>1083683
Just have your 6 month emergency fund in cash in a safe in the floor. More than enough.

Im 45 minutes from mexico so dipping out of the us is cheap for me but if i had 6 months liquid? Shit man I could be on a charterd flight to guatamala in the time it takes to watch titanic and start a new life as...

You know doing things
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>>1083541
Ignore the 'tards in this thread. You should keep enough cash on hand to last at least a couple of weeks up to 2 months if you can spare it. Banks aren't going to collapse but credit markets could freeze up and take a couple of weeks or more to get sorted out. If that happens it doesn't matter how much you have on deposit if gas stations, grocery stores etc are demanding cash. For a good example look what happened in Greece. ATM limits, nobody getting paid but the place didn't turn into some sort of guns and glory Armageddon wankfest.
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>>1083553
Bullshit. If banks collapse cash will be king. During the Great Depression you might have been able to buy a steak for a nickel but nobody had nickels.
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>>1083541
don't fucking worry about it. If that happens you'll have worse problems.

You can negotiate not paying bills for quite a while. Probably more so if everyone is under the gun.
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>>1084404

>Greece
>11 Million unarmed civilians, member of the EU

>USA
>350 million population of heavily armed bible bashers with no friends in the world.

Apples and oranges anon. Wait until the world finds out you leveraged all the gold you were supposed to be looking after and it's lost.
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>>1084535
>Wait until the world finds out you leveraged all the gold you were supposed to be looking after and it's lost.

pls tell me you're joking, this fucking scares me
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>>1084810
It's not even a secret that fort Knox is empty, Google it. Germany asked for their gold back 2 years ago and we said no
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DUDE COLLAPSE LMAO
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>>1084408
yeah, but now money is fiat, backed then it was backed by something.
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>putting your money in cash before economic collapse
Well, I suppose you have to keep the house warm somehow.
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I have the same question except what if your country isn't america but some third world country?
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All in ethereum
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>>1083541
i got 7000SEK just in case... never how this invasion of shitskins will turn out.
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$1000. Standart emergency fund. Some gold/food supply also required.
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>>1086654
>2016
>holding national currency
>not USD
Moron.
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crypto>physical money after the crash desu
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>>1086655
>$1000. Standart emergency fund.

maybe if you're poor
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>>1083764
Also read it as cosplays.

>the financial world is collapsing
>time to break out my sexy pikachu
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>>1086723
maybe we are you fucking piece of shit
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Money hidden under your mattress is wasted opportunity you idiot
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>>1084810

How out of the loop are you?

JP Morgan has the largest gold vault in the world in New York.

It's RIGHT ACROSS THE STREET from the Federal Reserve.

It has been posited that the 2 are linked by an underground tunnel, and the exact same gold is simply moved from the Fed to JP Morgan and vice versa when someone wants to see it, and many different nations and people are being told it's "their" gold when they drop in to see it.

Germany wanted to see their gold, they were told to wait until 2020 because bullshit.

One day the ruse will be up, and you better have guns, ammunition, food, medicine, clothing, shelter, and Silver and Gold for when the dust settles.

Immediate post-collapse, the only metal worth anything will be lead.

But low key have silver and gold for when shit resets.

If we're alive by then.
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>>1086655

>$1000 in glorified Monopoly money

bruh you can get a lot of silver Eagles or Maple Leafs for that...come on.
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>>1083568
In the event of a societal collapse, I'm going to keep my family safe by forcing them to subsist on rice and MREs in a dimly lit bunker rather than allowing them the sweet release death would offer. Because I love them.
Thread replies: 41
Thread images: 7
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