posted on Mar, 19 2013 @ 03:35 PM
reply to post by kthxbai
My bank account exists only for a few reasons. I try not to keep much extra in there (which, these days, with the economy, "extra" doesn't happen as
often as I'd like).
I use it to pay bills that would otherwise have to be mailed, to deposit credit card payments received through the business, and to have direct
deposit for our paychecks.
The thing about having a safe, is of course hiding it well...
If an intruder has to take time finding it, they are more likely to not ever find
it, or get shot before they do.
If the banks all fail, the paper money isn't going to mean much either and people aren't going to use gold and silver during the transition
time from paper currency to whatever happens next.
Very true, but there is likely to be a very short window either right before, or right at the beginning of a SHTF scenario, where cash will still be
king...including gold and silver. The problem with those metals though, is at the current rate, you'll NEVER get your buying power out of them in a
SHTF scenario, or likely even soon after things stabilize. They are mostly only a hedge against collapse of the dollar, and even then, only if still
in demand worldwide. (meaning the rest of the world hasn't gone in the crapper). Most believe currency is backed by gold. It isn't. It is based on the
perceived economic strength of the nation. (any nation). As the world's strongest national economy, it's why the dollar is the basis for most things
edit on 19-3-2013 by Gazrok because: (no reason given)