Silver Stackers Forum

To effect a currency shortage we could expect to see a 'bank holiday', or perhaps  some kind of solar storm cutting off electronics. Hence holding some cash to carry over a minimum of two weeks of total expenses. Kind of like road being cut off by a flood / cyclone preparation, as some communities experience almost yearly.

However initial demand for actual currency, will give way to demand for actual money.

Some people are saying how wonderful high interest rates are at the moment - just consider the real rate of inflation, not just the reported 'official' one.

I think its prudent to have 2 weeks of normal expenses in hard currency hidden in your house.  "Real" cash trumps cyber-cash during any kind of emergency, as has already been mentioned.  Obviously if there is a "total collapse" it won't help you much, but a bank holiday is just as likely if not more likely.  Or what if you get cleaned out by an identity thief, for instance.  If you lose all your digital money at least you'll be able to eat until your next paycheck.

Good point Auspm, but if there is a crisis, it may take what is 2 weeks worth of expenses during normal times to purchase a few days worth of necessities since there will be a rush on the stores.  Like what if petrol prices go crazy because of a war or something?  I don't know, I'm sure I can come up with endless 'what ifs' so ultimately everyone has to weigh the probabilities based on their specific location and needs.

I've got about $300 worth of $5 notes spiralled around the inside of a paper coffee cup in the corner of my living room if that counts. Been thinking about digitising them (i.e. putting them in the bank) but the stash is in the 'feng shui' money corner of the room and has been growing awful quickly!

Also it'd be a good get out of Dodge stash if I ever get the oppourtunity to ram a custard pie into the face of our State Premier or Don Burke!

I'll take a pic to show you what it looks like! maybe tomorrow!

Last edited by Clawhammer (2010-08-11 23:40:20)

Clawhammer wrote:

I've got about $300 worth of $5 notes spiralled around the inside of a paper coffee cup in the corner of my living room if that counts. Been thinking about digitising them (i.e. putting them in the bank) but the stash is in the 'feng shui' money corner of the room and has been growing awful quickly!

Also it'd be a good get out of Dodge stash if I ever get the oppourtunity to ram a custard pie into the face of our State Premier or Don Burke!

I'll take a pic to show you what it looks like! maybe tomorrow!

I knew that i wanted to come around to your house for that party!
The $5 no-spend adds up real quick... until you have a bad weekend and have to pay petrol, going out expenses, groceries, haircut and the bit that the wife takes 'cause she can then the $400 in five dollar notes turns into $15

As in 3 months worth of x dollar notes? 

GFC MkII could mean that 3 months of notes suddenly only buys 1 month of requirements.

This is by no means meant to be a skyte fest post... moreover an encouragement post to anyone wanting to save in a tangible way. I'm much indebted to Napthalene Man whom taught me this little technique of saving all $5 notes.

The council gets my gold coins and loose change for the parking meters...but stacking these "pink beer tickets" has been hella easy...and it's curtailed my wasteful self indulgent purchases!

Now I have to run off and wash my hands...this stuff is filthy...and I've worked out that smell that papermoney has...it's primarily cigarette smoke!

Last edited by Clawhammer (2010-08-12 19:43:53)

Hmmm maybe I should try this - I used to "stack" $1 notes when I was working in the US - only takes a few weeks to get a wad of $100 in "loose change" notes. Trouble is you end up not spending that denomination, and splitting $10 notes etc instead of using a $5 you already have, because you're "saving" it.