I understand the mistrust of the central banking system, but what other choices exist for people? Where can you safely keep your savings? Or even your monthly bill paying (checking) account money? Inform / educate a fren, please.
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (32)
sorted by:
Safe deposit box is a great place where the cops can show up with a single warrant and search every box in the vault, it has happened before.
Seriously? I did not know that. Thanks.
One ounce coins are way way way to big for transactions, unless youre biying in bulk or buying something expensive. You should add some simple metal working tools to your kit because your gonna need to smash up all the minted silver (i think the ggovernments will try to declare it still belongs to them) and if you look into the historical value of silver (which is what it will return to whe the system collapses) a full ounce is like more then a $100 bill today. People will need to break up these huge silver coins we have to make coins about the size of pennies to actually be able to pay for small things.
Silver is so so so much more valuable then we believe.
This was that I was thinking, that the bars aren't practical for everyday use. But Zeitreise said there are coins, so I've asked him more about those. As for metal working tools, any suggestions on that front? Thanks for your input.
Okay, thanks for this. A couple of follow up questions, if you don't mind. Why are credit unions better than banks? (What's the actual difference?) Are credit unions FDIC insured?
As for gold and silver, how do you get coins? I mean, bars are not practical for use if the SHTF because, how do you break them down? So coins of relatively small denominations ($5 - $10) seem logical for everyday use, but can you even get those? I don't even know if they exist. I also wonder if they'd be accepted by merchants.
Secondly, as for a safe -- do you have one you would recommend? My understanding is that they're not always fire proof, so even if you have your cash in there, it could be destroyed by smoke / fire. I know I can research this stuff myself, but if you happen to have any suggestions, they'd be welcome.
Thanks for the good info. I appreciate it, fren.
I' put a few thousand away to buy silver , I too am a newbie to this ,, I was wondering the same thing ,, how will they give us change from our silver coins ? Your answer is for me to buy 1/10 rounds .. correct ? Can u tell me what each one cost approximately , and is that size easy to find ?? I plan on buying at-least 3 to 5 k soon , I don't have much cash to spare but I can do that much and really needed this advice ,, better to find a local coin shop ? I'm in SDiego there are a few ,, thank you so much for any more advice
Thanks. I wasn't thinking of silver melting, I was thinking of paper money going up in smoke, lol. But I wouldn't want too much of that anyway. Alright, good to know about the rounds. Thanks again for your help.
So you believe that crypto is the only way then?