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'It's Time To Put Cash Under The Mattress', Say Experts

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posted on Jun, 22 2015 @ 12:28 AM
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a reply to: IAMTAT

I'm putting on my big girl panties here.

So the "experts" are touting that it is time to sit on some cash...

When experts said gold was a BS investment 2001-03 - I bought gold for less than $300-400 oz.

When experts said to buy a house - grab a mortgage now - buy more houses as an investment and flip them or rent them - I did NOT buy a house. I waited and bought a foreclosure for cheap.

When experts recommended taking out tens of thousands of dollars in student loan debt so you could 'get a better job' and OF COURSE you will be able to pay off that debt with your great salary - I finished my Associate's (cash paid) and did NOT pursue a Bachelor's but instead started my own businesses. Now we have some 60% of degreed persons not working in their studied field.

So if an expert tells me to hide cash because banks might have holidays and markets will crash - I want to place the opposite bet - that the market will go up further.




posted on Jun, 22 2015 @ 12:32 AM
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Buy gold! You can't eat it, and it weighs a ton so it's hard to carry with you in an emergency!

Skills will be worth something. Knowing how to fix cars, building and making things -- people that can do that will never go hungry.

If SHTF and someone offered me some gold for food, I'd tell them to get lost. If someone offered me gold to fix their car, I'd tell them to buzz off.

If someone offered me food to fix their car, I'd do that. Or if someone fixed my front door, I'd give them some salmon or moose meat.



posted on Jun, 22 2015 @ 12:46 AM
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a reply to: onequestion

You could purchase a couple of these with a few hundred bullets to go with, that way you cover all your bases.




(yes these are real, Saddam's personal solid gold gun collection).


edit on 22-6-2015 by sirChill because: (no reason given)



posted on Jun, 22 2015 @ 01:29 AM
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Now this is not gospel, but I believe buying precious metals is like banking and their Reserve Banking, meaning all they have to have of your gold is 10% in actual possession. I wouldn't buy gold or silver unless I got actual possession.



posted on Jun, 22 2015 @ 09:00 AM
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a reply to: IAMTAT

Keeping 'cash under the mattress' - well, if you like to speculate and are a selfish bastard - go ahead. But you may find yourself surrounded by worthless 'cash' in the end. Even gold will not be of much use to anybody if we have to face say hunger or disease. Rarity is only of importance if there is demand - in a world with food-shortage nobody wants to starve themselves because you offer them gold in return.

If it is hunger or cold you fear, buy warm clothes, stock up on (canned) food and firewood. If you fear to be deprived of clean water - stock up on water or buy a destillation system. If you fear to be cut off the grid, order a windmill and/or solar panels. Personally I think it is quite ridiculous to do such things, but at least I can understand such actions. But it won't do you any good if society collapses. Well, I don't think so. We're simply to social to let that happen, mark my words.

Collaboration and mutual aid, that is what is needed in times of deprivation. Not selfishness.
edit on 22-6-2015 by ForteanOrg because: he deprived deprived of its 'i' and put an 'a' in there instead



posted on Jun, 22 2015 @ 09:02 AM
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a reply to: IAMTAT

He maybe able to keep cash under the mattress but If my memory doesn't fail me, under the patriot act if you have more than 10 thousand dollars in cash even in your home the government can come and take it away because that can be seen as evading taxes





posted on Jun, 22 2015 @ 09:09 AM
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If a financial collapse happens, then inflation would occur,so your cash would be worthless. What would become money, would be food, water, fuel, ammo, guns, medications, energy, knowledge, labor. etc..... anything that would ensure survival



posted on Jun, 22 2015 @ 09:12 AM
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a reply to: marg6043

I don't think so, but I could be wrong. I believe there's no limit to the amount of cash you're allowed to possess. It's illegal to not report transactions $10k and above to the IRS, or to transport more than $10k in cash at one time, I think.



posted on Jun, 22 2015 @ 09:23 AM
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a reply to: yeahright

Yes something like that, but I remember a case of somebody in california that his house was raided by the police and they took the money the person had in his safe at home.

Supposedly it had nothing to do with what the raid was about or something like that.



posted on Jun, 22 2015 @ 09:24 AM
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a reply to: marg6043

I was told that you can keep up to 8K in cash per month from your paycheck.

I agree that cash could eventually become nothing but toilet paper if things go too far south... Stocking up on food and water is just a good idea...even in the event of a natural disaster.



posted on Jun, 22 2015 @ 09:30 AM
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a reply to: IAMTAT

Yes it has to be under 10 thousand, but the state had the rights to search your property under suspicions of crime and take property and money under civil forfeiture laws.



posted on Jun, 22 2015 @ 11:18 AM
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originally posted by: Soloprotocol

originally posted by: j1x1n

originally posted by: Soloprotocol

originally posted by: butcherguy
Those that have their retirement based on a 401k can figure on working until they die.

I'd rather spend the rest of my life in Jail. Seems like a better option.


Trust me you don't want to be in any kind of correctional facility when SHTF.

The way i see it. Working until you die is just a situation where you are held hostage for the rest of your life...you know, Like Jail. Only in Jail you dont need to worry about where you're getting three meals a day, Free electricity, heating, showers, dental and medical, Library, possibility of getting a degree and a roof over your head.


LOL jail isn't free anymore. They're being privatized and if you end up in one, trust that you will be receiving a bill for the three hots and a cot you get while there.



posted on Jun, 22 2015 @ 02:31 PM
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a reply to: IAMTAT

I don't understand how putting paper bills i.e receipts of gold that doesn't exist will be in anyone's best interest? What could you possibly use that paper money for in a financial crisis where it has little to no value. I mean I do keep cash on me at all times as a worst case scenario but when I think of the next great depression that is going to hit the United States for sure, it will be literally worthless. Water will be the most valued commodity, food, shelter, then silver and gold.



posted on Jun, 22 2015 @ 02:56 PM
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a reply to: IAMTAT

And now the link says:
Sorry
We cannot find the page you are looking for.


Then the written must have been the truth, nothing but the truth



posted on Jun, 22 2015 @ 04:14 PM
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a reply to: DerBeobachter

Then it's fortunate that I copied the article in my OP.



posted on Jun, 22 2015 @ 10:04 PM
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originally posted by: Revolution9
a reply to: IAMTAT

Darn it. You just told the whole world you'll be hiding cash in your house.


The world of finance is the worst fear monger for circulating doom porn. Every day it is said an asteroid will hit. I think the money world thrives on its own insecurity.

For me life is one perpetual austerity measure, lol. I never see enough of the green back to pay it much mind. As for the greedy financiers I'll not be commiserating too much if they have a bad day, month or year!


Well, when the bubble breaks and the investment bankers have a bad day, be helpful and kind. Send them 40 feet of rope and instructions on how to make a noose ;-)

Cheers - Dave



posted on Jun, 22 2015 @ 11:39 PM
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Where else does one put cash than under their mattress (...or in a safety deposit box)? After all, you can hardly declare "cash"...



posted on Jun, 23 2015 @ 12:48 AM
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a reply to: Ameilia

I am so with you!

I have to say, when an expert in Finance declares something to be 'good for the economy', what I hear is 'good for the banking, lawyering, brokering, speculating economy'.

Which is basically the opposite of what is good for the 'just want to feed my family, pay my bills, learn some things, add some real value to the world' economy.



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