Cash stash

[Sunset]

Quote:

Originally Posted by gamboolman ..... 3. For cash - we keep less than $100K in the coffee can in the gun safe with a hot G-26 right beside it. Over the last 40+ year, we have been thru many hurricanes, tornadoes, frozen ice storms and being over in Africa the last ~20 year - Cash is King. Especially when things go apocalyptic....kidnapping is rampant here, death is everyday, want to get thru customs down in the Delta of Rivers State Nigeria.... get to the compound in Port Harcourt....Cash is King.... ....

I keep less than $100K in my wallet

If I was going to stash more than $5K , I'd put $5K in the safe and the other large amount, I'd split into 2 portions, and bury each in the yard at least a foot deep. (sealed with silicon in abs pipe).

Because when 5 guys break into your home at night, and start beating you or your wife, cutting you or cutting off toes, you will give them the safe combination, and they expect find something inside it.

[misanman]

1. Yes, why not?
2. Don't know.
3. We have six years worth of withdrawals in a ladder of target date bond funds. Funds mature in December and can be used for expenses the following year or rolled over if not needed.

[tominboise]

The question is, how does one accumulate $50-100K in cash? I have slowly gathered up $15k, mostly from buying and selling guns, motorcycles and cars. But to get some big amounts of cash, I presume one wanders down to the bank or credit union and makes a withdrawal. Doesn't that raise some eyebrows?

[Offgrid Organic Farmer]

Quote:

Originally Posted by tominboise The question is, how does one accumulate $50-100K in cash? I have slowly gathered up $15k, mostly from buying and selling guns, motorcycles and cars. But to get some big amounts of cash, I presume one wanders down to the bank or credit union and makes a withdrawal. Doesn't that raise some eyebrows?

I have known many old farmers, who can go to a new car dealership, and they pull out a roll of bills from their coveralls to buy a truck with cash.

I have learned that when I need a large amount of cash, I need to call the bank manager 3 days in advance and tell him how much I am going to withdraw. Otherwise, they might not have enough on hand to give me.

[brewer12345]

Quote:

Originally Posted by tominboise The question is, how does one accumulate $50-100K in cash? I have slowly gathered up $15k, mostly from buying and selling guns, motorcycles and cars. But to get some big amounts of cash, I presume one wanders down to the bank or credit union and makes a withdrawal. Doesn't that raise some eyebrows?

Any transaction or series of transactions of 10k or more typically generates a suspicious activity report and it can be electronic or folding money. They must get such a huge volume of these that I wonder how anyone spots real problems.

[joylesshusband]

Quote:

Originally Posted by tominboise The question is, how does one accumulate $50-100K in cash? I have slowly gathered up $15k, mostly from buying and selling guns, motorcycles and cars. But to get some big amounts of cash, I presume one wanders down to the bank or credit union and makes a withdrawal. Doesn't that raise some eyebrows?

There are many other options for acquiring cash besides bank withdrawals.

One is to be one of these 5 guys Sunset described 2 posts above yours:
"5 guys break into your home at night, and start beating you or your wife, cutting you or cutting off toes, you will give them the safe combination, and they expect find something inside it"