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414

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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.

[–] • 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.

[–] [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.....

[–] • 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

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?

[–] • 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.

[–] [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.

[–] • 2 pts

What's "cash" ?

[–] • 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.

[–] • 1 pt

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

[–] • 1 pt

How much is too much?

All of it, I would argue. If you're stupid enough to lose a revenue stream any time before the recession hits, you deserve to be poor anyway.
The best advice you'll get right now is to not need emergency funds. Maintain your job and keep your sheepskin on for another couple of years. During this time, stack metals, cash out of fiat at all costs and learn about digital currencies so you can get ahead of the curve.

[–] • 1 pt

If you're stupid enough to

deserve to be poor

Lol how's the weather up there on that high horse?

Thanks for the answer. My question was a little ambiguous but I meant how much physical cash is good to have easily at hand in the event of an emergency. Emergency fund in bank account form is covered.

[–] • 1 pt

If my language intimidates you, that's your problem and not mine. Stop projecting like you're some lonely girl in high school.

Anyway, there's no possibly reasonable answer we can offer you without knowing what types of situations you'd be in. The real answer is as much as possible and that's always the right answer.
Still, with the things I've laid out elsewhere in this thread and in plenty of places on this site as a whole demonstrate, you're at a serious loss if you don't begin immediately cashing out of Federal Reserve Notes.

My personal estimations for the remainder of the FED and its lackeys at the IRS and other aspects of the Judeo-Masonic energy control system are roughly two to three years. After that, we'll be in the wild wild west economy we were in before faggots began the installation of their contemporary usury machine.

[–] • 0 pt

Stop projecting like you're some lonely girl in high school.

wew

[–] • 0 pt

wild wild west economy

So the fresh prince of bel air is going to save us from a giant mechanical spider?

[–] • 1 pt

You'll need to elaborate on that one because it's a subjective question. Below are a very variables that we'd need to know to offer the best basic information you'd need to start off with.

  • What sort of situations are you anticipating that would prompt you to have emergency cash?
  • How long would you expect such situations to last?
  • Are you a single individual, do you have a family, do you have a family with children?
  • Do you have to support mentally or physically enfeebled relatives that would also be affected by the scenarios you envision prompting your need for emergency cash?
[–] • 0 pt
  • chimpouts, tornadoes, flooding, total system collapse, whichever other unforeseen scenarios might be relatively likely. edit: civil war
  • idk. The idea is to expect the unexpected.
  • Family.
  • Yes.
[–] • 0 pt

Last question, are you carrying any debt that won't be paid off before the end of the year?

[–] • 0 pt

Yes, I'm pretty leveraged.

[–] • 1 pt

Gold will always retain monetary value, gold coins from 5000 years ago still have value just because, well, they are gold. However, having a bunch of gold isn't particularly useful in a SHTF scenario as gold requires some sort of society and/or system to be useful. Food, water, and ammo is considerably better for that, after that things that allow man-made devices to run, such as gasoline, are ideal followed by the devices themselves, such as generators and vehicles. I am not some survival expert, but I am sure you could find a list of things that would be beneficial to have somewhere, for example something as simple as a pot becomes valuable.

[–] • 1 pt

Depends. Could need bail, hospital, or just start over money.

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