Where do you put your cash?greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
Where should I put cash that I'm taking out of the bank? Gold or silver coins, paper money, or US savings bonds
-- Bob Watson (email@example.com), January 22, 1999
No one here can tell you where to put your cash. Read, study, gather documentation and then you decide for yourself. Gold hasn't moved anywhere. What was good for gold and silver during the depression does not mean that gold will be good for today's scenario. In my HO, if Y2K becomes anything over a 7, durable goods will be worth more than gold. I don't want gold in exchange for my goods, I want goods for goods, or goods for services.
-- Nogold (Nogold@~~.com), January 23, 1999.
Might I suggest ammunition may be the coin of the realm in the future. Other than that, find something you know a lot about which deals with keeping you and yours viable and go for it. Hell, you might be the Toilet Paper King or the Motor Oil King or the Keflex King or the Spam King or .... Get the piX? It's just money!!!
"Closing time, one more call for alcohol, so give us some titties and beeeer", Or something like that.
-- nine (firstname.lastname@example.org), January 23, 1999.
Ammo (lead) as money? Probably will be too valuable to trade away. Giving some to someone in trade could result in it coming back to you, at 1000 fps (whatever).
People are so used to, nowadays, "funny" money (our Federal Reserve "Notes") and computer generated paper balance statements that I don't know.
Most people have never even seen a gold coin, much less know how to evalute one for content. I can evaluate several types of common gold coins with some tools I've got, but I myself wouldn't even know what to trade for a Maple Leaf, for example.
Junk silver (generally pre-1964) coins -- I don't think most people would know or care that they have silver in them vs. one minted last year out of clad copper.
I think it's gonna be barter for a long time. Stock up on barter goods. Bar soap, salt, baking soda, baking powder, rubbers (condoms for the prissies)... Buy stuff now that you can both use and barter. If Y2K does turn out to be only a "bump in the road", you'll eventually use it, yourself. Even all your lamps and lamp oil, kersone, propane, you can use that later and save on your electric bill.
Barter goods have been covered extensively here on previous threads.
-- me (email@example.com), January 23, 1999.
Agree with "me" and others about barter. We'll have some cash, though. Depends what you're planning for. The farther from TETOWAWKI on the "bump side", the more your conventional money is useful; the closer to TEOTWAWKI or beyond, the more that people will crave goods. And it's true, most folks really wouldn't know how to value gold-silver anyway. That's the legacy of have abandoned them decades ago .....
-- BigDog (BigDog@duffer.com), January 23, 1999.
Well my opinion is like assholes we all have one. Gold and silver has been recognized for it value since Mobby Dick was a minnow. I guess the market value of what will be of value will be dictated by the John/Jane Doe public. If by some freak accident the Y2K does not go above a 5 rating then gold and silver could always be cashed back in once the smoke clears to recover your wealth. Maybe an investment in land that has timber and tilable soil might be a consideration. A while back I ran a poll on here to see what people thought what would be of value. The outcome was interesting - you will have to dig deep into the archives but you will find it if your really interested. Whatever you do I wish you and yours the best in the months ahead.
-- Duane (Duane24062@aol.com), January 23, 1999.
Others have suggested this site for follow-on information. Ive been impressed with the articles. -- Diane
-- Diane J. Squire (firstname.lastname@example.org), January 23, 1999.
Dear me: Condoms? Nah, not me, I wouldn't use condoms after Y2K. I suppose I could donate them to the elementary schools in our town for them to hand out to all the kiddies. That would be my way to help out with the sex education in our schools. A 14 year old gave birth to a baby yesterday and hid it in the closet. Her parents didn't even know she was pregnant!
-- bardou (email@example.com), January 23, 1999.
I bought a small fireproof safe and hid it well (think burrying with a flower bed on top.) I have about 3k of gold, 2k of silver and will get some cash. Who knows what it will really be. If it's the T word, then so be it, I'm still prepared with food and water.
-- Little of Everything (firstname.lastname@example.org), January 23, 1999.