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Money not in bank, good or bad idea?
03-13-2012, 11:36 AM
Do you think that saving all or some of your money outside a bank is better or worse? If someone has none of his money in the bank, how is the law going to affect him? Also if you were going to keep all your money out of the bank in what kind of place would it be?
Just curious...
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Money not in bank, good or bad idea?
03-13-2012, 12:04 PM
Quote: (03-13-2012 11:36 AM)Andreas Wrote:
Do you think that saving all or some of your money outside a bank is better or worse? If someone has none of his money in the bank, how is the law going to affect him? Also if you were going to keep all your money out of the bank in what kind of place would it be?
Just curious...
Some people store physical gold outside of the bank. And not, I'm not going to tell you my hiding places.
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Money not in bank, good or bad idea?
03-13-2012, 12:11 PM
I keep a lot of money in various places outside a bank.
Especially some where I can grab it immediately if my house burns down.
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Money not in bank, good or bad idea?
03-13-2012, 12:18 PM
The majority of my money is in the bank. The rest of it is hidden in a secret spot.
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Money not in bank, good or bad idea?
03-13-2012, 12:30 PM
Quote: (03-13-2012 11:36 AM)Andreas Wrote:
Do you think that saving all or some of your money outside a bank is better or worse? If someone has none of his money in the bank, how is the law going to affect him? Also if you were going to keep all your money out of the bank in what kind of place would it be?
Just curious...
When the dollar collapses, there will be a bank holliday and people won't be able to use their money. Have a safe box or behind the matress.
With God's help, I'll conquer this terrible affliction.
By way of deception, thou shalt game women.
Diaboli virtus in lumbar est -The Devil's virtue is in his loins.
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Money not in bank, good or bad idea?
03-13-2012, 12:31 PM
If the dollar collapses, what good will the money behind the mattress actually be?
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Money not in bank, good or bad idea?
03-13-2012, 12:34 PM
As long as the FED continues to print $$$, there shouldn't be any risk of banks running out of cash.
However, have some spare cash lying around in case of extreme emergencies isn't a bad idea.
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Money not in bank, good or bad idea?
03-13-2012, 01:16 PM
You loose money either way (mattress or bank) Banks steal from you. You make next to nothing dumping your cash in them. If people woke up and realized the bank just nickle and dimes them it would be a great thing. If you have a good amount start up a diverse portfolio. If not then yes by physical metals as a better way to retain the value of your money.
Parking you PAPER money in the bank.. It just gets smaller and smaller. Honestly with money (and almost everything else) DON'T do what the majority of people do. Its been proven the majority of people are sheep and just copy each other. Banks are viewed as "safe", "stable", and of course "easy" none of which are true.
Go buy some Gold and Silver
Get a small home vault
Get a gun
Your good.
If and when the dollar collapses (I don't think it will "end" but it will eventually become worthless) they will sting you by just rolling it over into something new. The USA already has phantom SDR currencies floating around amongst the Banks. They will simply roll over FED paper into this making your FED paper worthless.