General Discussion

Chainfire

(17,757 posts)

32. It is not a bad Idea to keep some cash around

Sun Mar 22, 2020, 04:17 PM

Mar 2020

An attack, or just a failure of the web could have all of your money locked up beyond your reach until the system was up. Everyone has to decide how much cash "insurance" they need. I keep a grand in 20s in my fire safe. It is increasing faster there than in the savings account, because, in my safe, at least it gathers dust.

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Is anyone else worried about a run on the banks? [View all] Alwaysna Mar 2020 OP

Welcome Back to DU RandiFan1290 Mar 2020 #1

This message was self-deleted by its author Aquaria Mar 2020 #8

The thought has cross our minds... EarthFirst Mar 2020 #2

If the economy falters, the real currency will transform into hard to get necessities. TheBlackAdder Mar 2020 #16

I've got the barter thing covered Victor_c3 Mar 2020 #41

A Mad Max Truck? Why are you separated? She would be a keeper! TheBlackAdder Mar 2020 #44

You bring up a good point... Victor_c3 Mar 2020 #46

This message was self-deleted by its author Alwaysna Mar 2020 #3

No. Read this from FDIC. Arkansas Granny Mar 2020 #4

Hit that link, & read 3rd line from top..."All accounts insured up to $250,000...by FDIC.. Stuart G Mar 2020 #25

What they will not talk about Chainfire Mar 2020 #49

Lots of the remaining businesses are discouraging cash transactions Recursion Mar 2020 #5

Cash? What's cash? C_U_L8R Mar 2020 #13

It may be toilet paper Shermann Mar 2020 #14

Buttcoin? Sneederbunk Mar 2020 #30

Groan! Arkansas Granny Mar 2020 #42

No. Voltaire2 Mar 2020 #6

The black helicopters are out and about raining down money, denem Mar 2020 #7

Not really Aquaria Mar 2020 #9

I've thought about taking some money out, just in case. blueinredohio Mar 2020 #10

You may need cash Chainfire Mar 2020 #11

This is a Bug In situation, not a Bug Out Shermann Mar 2020 #12

Post removed Post removed Mar 2020 #15

That is uncalled for. My grandparents lost their life savings when Alwaysna Mar 2020 #19

My post was a response to a post by PubliusEnigma accusing me of being a Russian troll. Alwaysna Mar 2020 #22

There it is....SAVINGS which doesn't exist today Under The Radar Mar 2020 #29

LOL tenderfoot Mar 2020 #17

Not at all madville Mar 2020 #18

My bank closed all branches inside marlakay Mar 2020 #20

Is there a risk of the electrical grid going down? zackymilly Mar 2020 #21

People will lose a lot of money if power goes out jimfields33 Mar 2020 #31

Most stores still have the old Aquaria Mar 2020 #33

No, absolutely not..All accounts insured up to $250,000. by FDIC..(Federal Deposit Insurance Corp) Stuart G Mar 2020 #23

local stores have been limiting the amount of "cash back". Demovictory9 Mar 2020 #24

How about the Money Market in your Mutual Fund exboyfil Mar 2020 #26

Stopped in to Rural King there is a run on guns doc03 Mar 2020 #27

I'm actually a little scared to touch money at this point. OhZone Mar 2020 #28

It is not a bad Idea to keep some cash around Chainfire Mar 2020 #32

We keep some cash on hand Aquaria Mar 2020 #38

Not trying to hijack the thread or anything, but if MIRT needs more volunteers... TygrBright Mar 2020 #34

What is MIRT? Alwaysna Mar 2020 #35

No idea. Aquaria Mar 2020 #39

I saw what you did there. 👍🏻👍🏻👍🏻 nolabear Mar 2020 #45

cash is about as useful as a rotary dial phone DBoon Mar 2020 #36

I have long thought that the people who go totally cashless are idiots. PoindexterOglethorpe Mar 2020 #37

People go mostly cashless because it's safer Aquaria Mar 2020 #40

Hotels normally do not take cash. PoindexterOglethorpe Mar 2020 #43

I was not all concerned about a run on the banks until Chainfire Mar 2020 #47

No. Why do you ask? MineralMan Mar 2020 #48