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[–] [deleted] • 8 pts (edited )

Cash is only useful for a short time. You can't eat money. When the shit hits the fan, unless your house is fort knox, get out & flee to a safer community. There's safety in numbers.

https://www.asgmag.com/prepping/food-prepping/preparation/survival-food-stock/

https://www.prepperssurvive.com/prepper-library/

https://www.kmbc.com/article/preppers-stock-up-on-food-survival-supplies/8299277

Don't forget to stock up on non gmo plant seeds, for long term survival.

https://www.gardeningchannel.com/survival-seed-vaults-our-top-3-picks/

[–] • 3 pts

Gold and Silver will retain value during an economic collapse as they are still used in industry, for example water filtration and elections.

[–] • 2 pts

What's funny is this is how it's always worked, yet few seem to realize the impeding "crash" will be a result of multiple waves of resets. Meaning, the USD will be cut in half overnight. If this is the case, we can all be assured that once the reset begins, the FED will be exposed and reorganized, leading to a correction of the backing of our economy, which will eventually be gold (and likely silver too in a bimetal standard). Credit will suffer one of the first big hits and most debt will be forgiven (namely student loan debt).

What most tend to miss is that once our currency is finally backed by something, which will be precious metals, the price of these metals needs to be adjusted to account for all of the wealth our country has and owes. This means that if gold becomes the medium used to back our currency, it must match the price of all debt our country has accrued along with the leftover aspects of our economy. For instance, if the estimates of 8,000 tonnes is correct and it's true that we have at least $26 Trillion in debt, we could see the price of gold skyrocket in a very short time.

Of course, these numbers could be obscured heavily and on purpose. I've seen estimates of $200 Trillion in debt, $50 Trillion, etc. 26 seems like a low number now and I believe the estimate that paired with the suggested 26T is somewhere around $85,000 per ounce of gold.

In other words, fucking buy precious metals.

[–] • 2 pts

So get student loans to buy gold: done and done.

[–] • 0 pt

So does that mean I should also keep copper, steel, aluminium, and other metals around?

[–] • 2 pts (edited )

Hm, just realized you can't save comments. I will save the post and try to come back to this. I need to be a better prepper, though you're right my best hope is probably getting away from my populated area to somewhere safer. Guess I should always have the gas tank topped up.

[–] [deleted] • 4 pts

go to 'view comments' on your profile. Just look for the comment you just made, or, go to the websites I posted and bookmark them for later.....

[–] • 4 pts

Hm, just realized you can't save comments.

What are you waiting for, Christmas?

[–] • 2 pts

I was gonna make an ideas for Poal but I already know the answer: too resource intensive.

[–] • 3 pts

To much is not enough,and enough is to much. What is your emergency cash for? Twodaybitch.

[–] • 1 pt

To much is not enough,and enough is to much.

Seems about right.

What is your emergency cash for?

Stage 3 or higher chimpout or something like that

I didn't understand the rest.

[–] • 2 pts

1k in 20s, another 1k in silver, and another 1k in gold. The rest should be booze, ammo, and tobacco. Porn magazines might be a good trading item too.

[–] • 1 pt

Always have a bunch of art/office supplies. (paper, pencils, markers, canvas, paint, etc.) If someone who has a resource you need wants some art/schematics of any kind, you can make it. Or you can at least give them some art supplies.

[–] • 0 pt

Some people with greater net worths can't store that many bottles of booze. It's the reason gold and silver became a thing.

[–] • 2 pts

Fiat constantly drops in value so as little as possible. 6 months is a good rule of thumb.

However, you should save in other ways; precious metals, food, water, ammo, guns and so on.

[–] • 2 pts

What's "cash" ?

[–] • 1 pt

You know, the Monopoly money issued by the Federal Reserve.

[–] • 1 pt

That's not even in use in my country. It's called federal reserve notes, which is just a promissory note. Another way to get out of debt in that word alone.

[–] • 2 pts

60 day supply of food, as much water as you can reasonably store, a shotgun, a pistol, and a rifle, 25 cartons of cigarettes, 4 cases of whiskey, enough firewood and gasoline to power yourself for two weeks, and at least 4 goats.

[–] • 1 pt

Whiskey as emergency fuel for an alcohol-powered engine, right?

[–] [deleted] • 2 pts

I wouldn't make this decision only based on the worst case scenario. In the worst case scenario, your bills are going to be fire tinder.

Day to day, credit card machines go down and cash is handy. It's also harder to track. For me, having $400 in my wallet and maybe $2,000 easily accessible isn't the worst idea, even if my net worth is fairly low.

Easier for a bank to close than for cash to not be accepted.

[–] • 2 pts

A prepper tip from the man himself! Thanks. I really appreciate that this was also an answer to the question, though the advice from others to also hoard other useful things is something I plan to take under advisement.

$400 in your wallet. That is some hookers and blackjack money.

[–] [deleted] • 1 pt

Ha, thank you! I think the other advice was pretty good but kind of dodged around the question.

Whatever you do with your $400, I don't like to make my wallet look too fat, even if it's fat with ones. Looking like you're neither a hobo nor loaded is helpful for survival and day to day living.

[–] • 1 pt

I do a cash clip in my front pocket and a thin wallet for cards in back pocket to minimize this wallet fatness problem. Mostly just from the George Costanzaesque preoccupation with feeling off kilter when sitting down, but it also is comforting to know the cash is a little more secure.

[–] [deleted] • 1 pt

At least six months worth of all living expenses, but no more than a year.

[–] • 0 pt

Thanks I have an emergency fund but I'm looking for direction on how much physical cash to actually have close at hand.

[–] • 1 pt

I have the equivalent of 5k euros cash hidden in my house and another 5 i could access easily. I also pay for as much as i can in cash.

[–] • 1 pt

At least two million, but not more than six gorillian.

[–] • 1 pt

None exchanged it all for mugbacks

[–] • 0 pt

Finally, some decent advice.

[–] • 1 pt

I have the equivalent of 10k euros in my emergency fund. I could squeeze out more if needed.

[–] • 1 pt

Thanks I have my emergency fund covered, but my question was more about how much physically fed reserve Monopoly money I should have readily available on hand. This is in the event the bank is either closed or I can't get to it.

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