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Post by Ausprep on Nov 4, 2013 7:56:29 GMT 10
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Post by Deleted on Nov 4, 2013 9:30:10 GMT 10
Some good points there.
I wouldn't think too much into BitCoin at the moment. Seems a bit volatile. I guess storing money at home is a risk, but so is storing in banks these days. Don't really see the point of storing in a safety deposit box. You still need to access it through a bank; it's just simply not earning interest or anything. Precious metals you would assume would keep increasing I guess, but there has to be a resistance level for everything. If the world goes to hell, it might be better to have this over other things, but then how many people would rather have $200k worth of silver over $200k cash. I dunno.
If I wanted to put something away for a 'rainy day fund' it would probably be in a secure cache. Think for the most part I would continue to have the majority of my funds in a bank though.
Thoughts?
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Post by Ausprep on Nov 4, 2013 10:34:59 GMT 10
Some good points there. I wouldn't think too much into BitCoin at the moment. Seems a bit volatile. I guess storing money at home is a risk, but so is storing in banks these days. Don't really see the point of storing in a safety deposit box. You still need to access it through a bank; it's just simply not earning interest or anything. Precious metals you would assume would keep increasing I guess, but there has to be a resistance level for everything. If the world goes to hell, it might be better to have this over other things, but then how many people would rather have $200k worth of silver over $200k cash. I dunno. If I wanted to put something away for a 'rainy day fund' it would probably be in a secure cache. Think for the most part I would continue to have the majority of my funds in a bank though. Thoughts? Yeah, agree on your Post @vorpal I have a small safe at home that we keep cash in, we add and take as we need, usually take more than add lately. This is what we will rely on immediately should shtf if we can not access bank accounts.
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remnantprep
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Post by remnantprep on Nov 4, 2013 17:30:59 GMT 10
And my list of things to do grows longer! Sigh
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Post by bigredtomatosauce on Nov 5, 2013 22:28:26 GMT 10
I think commodities are the most secure. Precious metals were only worth anything once humanity was established, with sources of food, water and *cough* entertainment *cough*.
If SHTF, a pretty metal will be worth far less than food, water, alcohol and drugs (at least until humanity is established again). I will be buying metals later, but mainly sinking money into preps.
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Post by Deleted on Nov 6, 2013 15:07:04 GMT 10
If it's long term, food, ammo, tools,toiletries, medical supplies and skills will be the best barter items!
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Post by Deleted on Nov 8, 2013 13:24:58 GMT 10
Agreed. The problem with having some commodities like that I feel is the ability to be able to part with it. I'm not entirely sure I would like to stockpile food purely for bartering, as its a commodity I may indeed need myself. I think luxury items are probably better, such as alcohol and tobacco.
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Post by Deleted on Nov 8, 2013 18:59:15 GMT 10
Yes you are right Ryan, luxury Items are the way to go, but I will make sure we have extra Rice and beans too share or trade! Salt will be a item to trade as most won't think to store some! Coffee, tea, sugar, spices and herbs, will be good trade items! Soap, toothpaste,tooth brushes, Shampoo and Conditioner,brushes and combs, Toilet paper and tissues, Razors and female hygiene products, matches and lighters, candles, sewing needles and thread are a few more thing that will be off value! (Short list..LOL)
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wolfstar
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Post by wolfstar on Jan 4, 2014 13:11:19 GMT 10
just my 2 cents worth, before shtf a safe or several hidey holes with fundage is ideal, as are things that are readily sellable, like jewellery etc. for post shtf, precious metals and gems will be worth about the same as dirt n rocks imo, so best to stock up on barter goods like fishing supplies, snares, seeds etc, even things you may not consider, like soap, and disposable razors, cloth, yarn, thread and needles. even if you cant utilise them to their best, others may be willing to trade for them (for example, moi!) and best case scenario, you can take from them any time you need oh, another good thing may be those little usb solar chargers for mobiles etc, theyre useful for a plethora of gadgets, for you and for trade
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wolfstar
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Post by wolfstar on Jan 4, 2014 13:16:38 GMT 10
btw, best advice i ever got, is to never barter anything that whoever youre trading with can kill or injure you with, so no ammo or weapons of any kind. if they want food, snares and fishing equip, or yabby nets. they dont need a gun, bow etc to feed themselves.
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Post by Nex Socius on Jan 10, 2014 21:34:59 GMT 10
I had a customer in the shop the other day, who was chatting about stashing money. Her son lived in a shared house while he was at Uni, and liked to stash his loose cash in his room. It was always risky being in a house with others, though. So he hid the money box (with $600-800 in it) in a washing basket, under a pile of dirty underwear. One day the house got robbed, and everything of value was stolen. The son's room, like the rest of the house, was ransacked, all except the basket of used underwear. Surprisingliy the pile was undisturbed, and all the cash was accounted for. Although this was handy in a shared house situation, I wouldn't recommend it for large cash stashes
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Post by Ausprep on Jan 10, 2014 21:43:32 GMT 10
I had a customer in the shop the other day, who was chatting about stashing money. Her son lived in a shared house while he was at Uni, and liked to stash his loose cash in his room. It was always risky being in a house with others, though. So he hid the money box (with $600-800 in it) in a washing basket, under a pile of dirty underwear. One day the house got robbed, and everything of value was stolen. The son's room, like the rest of the house, was ransacked, all except the basket of used underwear. Surprisingliy the pile was undisturbed, and all the cash was accounted for. Although this was handy in a shared house situation, I wouldn't recommend it for large cash stashes We got my young fella a "Old English Dictionary" for xmas, that's actually a safe. Currently he has his Ben 10 cards in there
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wolfstar
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Post by wolfstar on Jan 10, 2014 22:03:14 GMT 10
Im big on hidden compartments, lol, i cant wait to own my own home XD itll be a ninja preppers paradise! Btw, light switch fittings are a super stash point... XD
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Post by Nex Socius on Jan 10, 2014 22:12:06 GMT 10
I saw on Facebook this morning, a USB stick that looked like a tampon Handy for women who need to hide stuff from men lol. I stash cash at home, and I'm foolish enough to put it in a semi-obvious place. Disclaimer: I never stash more than a hundred or two, so don't bother coming down to raid my room. My axolotl will eat you if you try
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wolfstar
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Post by wolfstar on Jan 10, 2014 22:21:39 GMT 10
Lol! Lipbalm tubes are handy for notes.... and you know those m&m minis tubes? Great for gold coins and notes ^_^
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remnantprep
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Post by remnantprep on Jan 11, 2014 9:08:55 GMT 10
I had a customer in the shop the other day, who was chatting about stashing money. Her son lived in a shared house while he was at Uni, and liked to stash his loose cash in his room. It was always risky being in a house with others, though. So he hid the money box (with $600-800 in it) in a washing basket, under a pile of dirty underwear. One day the house got robbed, and everything of value was stolen. The son's room, like the rest of the house, was ransacked, all except the basket of used underwear. Surprisingliy the pile was undisturbed, and all the cash was accounted for. Although this was handy in a shared house situation, I wouldn't recommend it for large cash stashes We got my young fella a "Old English Dictionary" for xmas, that's actually a safe. Currently he has his Ben 10 cards in there Yeah we have one of those safe dictionaries!
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