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.
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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
Thank you so much. So if I send this place say a thousand dollars at a time they are on point as far as trustworthy and I won't hear we are out of stock for the next year after my 1000 Check was cashed ! Lol , I realized you wouldn't have suggested if u ever had a problem ,, And u r in no way responsible for who I decide to buy from ,, probably would only do 1000 at a time ,, thank you so much , I may as well by coins what would I do with bars if I need to use as currency ,, I'm s single girl who never dabbled in gold or silver accept jewelry so it's all new to me , tY again
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.