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Re: Cold Hard Cash
Old 06-10-2006, 03:10 AM   #21
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Re: Cold Hard Cash

I will never use an ATM. Don't even have a card. I don't think they're safe.
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Re: Cold Hard Cash
Old 06-10-2006, 03:17 AM   #22
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Re: Cold Hard Cash

i just keep my .44 mag and ammo for emergencies..i figure all i need is that and i can get everything else i need
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Re: Cold Hard Cash
Old 06-10-2006, 04:37 AM   #23
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Re: Cold Hard Cash

Years ago when I was shopping for a new Financial Manager, I always asked the same question. "What would you do with large amounts of cash?" Surprisingly only one guy had a good answer, most had no clue. I hired the guy. Later he sold me lots of very expensive mutual funds. Then I fired him and went to VG.

The cash? Suffice to say, "get rid of it". The trick is how... can't buy a new car with cash, can't deposit it. What would you do with the aforementioned $80k in the icebox? Nice problem to have.
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Re: Cold Hard Cash
Old 06-10-2006, 05:31 AM   #24
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Re: Cold Hard Cash

Years of advanced training - Mardi Gras and hurricanes.

Even used to carry some in my shoes - not tooooo long though.

heh heh heh heh heh
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Re: Cold Hard Cash
Old 06-10-2006, 06:05 AM   #25
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Re: Cold Hard Cash

We didn't have an ATM card until recently, dh always keeps a couple grand in the house, he feels better with cash around. I think that's a little too much but it's a compromise since dh would keep all our money in coffee can's in the back yard if I left the money management to him LOL
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Re: Cold Hard Cash
Old 06-10-2006, 08:39 AM   #26
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Re: Cold Hard Cash

I keep $300 in small bills around in a small safe....just in case.
You never know when you'll need it.
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Re: Cold Hard Cash
Old 06-10-2006, 04:52 PM   #27
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Re: Cold Hard Cash

I would be consumed with $5,000 cash in the house on a permanent basis... checking on it...talking about it... talking to it... fondling it ... getting paranoid about visitors... maybe I'd turn into Dobbsy (Treasure of the Sierra Madre)!
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Re: Cold Hard Cash
Old 06-10-2006, 05:34 PM   #28
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Re: Cold Hard Cash

$12,500.

Sold a car for cash.

Squirrelled it away in my nightstand and paid all the non-mailed bills and expenses out of it. Took almost a year.

Before anyone asks, my bank was on the other side of the country, no local atms, and no way to deposit cash. I'd have had to open a new local bank account...and I didnt wanna.

I havent used an ATM machine in millenia...I always just get cash back at the stores I shop in. No fees.

I always keep a couple of hundred around, a few down phone lines would make all atm purchases a little bit problematic.

ATM daily limits are usually a function of what your bank allows, what the owner of the machine allows and what the particular cash exchange network allows per day. Most are around $400. I've done some pretty large atm transactions while holding my breath a little and never had one rejected. Some banks allow you to ask for a larger daily limit.

Five bucks says that larger limit request puts you on the federal homeland security probable coke user watch list.
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Re: Cold Hard Cash
Old 06-10-2006, 05:49 PM   #29
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Re: Cold Hard Cash

Quote:
Originally Posted by KB
You never know when you'll need it.*
Actually, you do know when you'll need it. For all the hurricane storytellers, it's pretty obvious when a hurricane has a chance of hitting your area, so that's when you get some cash. You don't need it before then; you don't need it after.

Lately, I've been to Europe, Asian, Africa, North America with less than US$20 in my wallet. Everywhere you could use credit cards or the ATM card. It's true, I wasn't staying in dumps, but nevertheless, the world is flat and cash is really not needed anymore.

Here's my hurricane story: I survived Katrina and Rita and I didn't have any cash.
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Re: Cold Hard Cash
Old 06-11-2006, 12:51 AM   #30
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Re: Cold Hard Cash

Currently about $6K in a safe. Want to get it up to $30K. Never know when you might have to make a mad dash for mexico with cash strapped in your underwear.
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Re: Cold Hard Cash
Old 06-11-2006, 09:28 AM   #31
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Re: Cold Hard Cash

Quote:
Originally Posted by CybrMike
Never know when you might have to make a mad dash for mexico with cash strapped in your underwear.
But that's the first place they'll look :
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Re: Cold Hard Cash
Old 06-13-2006, 10:43 AM   #32
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Re: Cold Hard Cash

Ever take a cruise? Stop at Grand Cayman? Notice the people walking funny getting off the ship? Its not Montezuma's revenge...its cash going to Barclay's


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Re: Cold Hard Cash
Old 06-14-2006, 08:20 AM   #33
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Re: Cold Hard Cash

Palestinian Foreign Minister Mahmoud Zahar, who has been seeking to raise money for the financially strapped government, returned to the Gaza Strip on Wednesday with a suitcase full of cash, Palestinians officials said.

An official said Zahar was believed to be carrying up to $20 million.

Last month, a Hamas official was caught as he tried to smuggle about $800,000 into Gaza. The money was seized, but later returned to the government. Normal travelers must declare all sums over $2,000 and explain their origin.

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Re: Cold Hard Cash
Old 06-14-2006, 10:29 AM   #34
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Re: Cold Hard Cash

A contractor I used to build a house gave a 10% discount for cash payments. Soooo needless to say I would carry payments ranging from 20-30k the day the payment was due. Learned you have to complete a 1 page form to exit a bank with anything more than 10k.

I am quessing the IRS will be contacting me to determine where all the dough went ... we'll see.
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Re: Cold Hard Cash
Old 06-14-2006, 03:27 PM   #35
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Re: Cold Hard Cash

I have always wanted to keep cold hard cash (~$5000-$10000) sitting in my safe. But the left side of my brain keeps telling me that inflation will eat it away!
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Re: Cold Hard Cash
Old 06-14-2006, 08:24 PM   #36
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Re: Cold Hard Cash

I used to buy and sell silver in the 80's. It wasn't unusual for me to have 16 to 20K in cash. What was funny was trying to be nonchalant hauling thousand dollar face value bags of silver dimes into the bank to stash in safety deposit boxes.
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Re: Cold Hard Cash
Old 06-14-2006, 09:35 PM   #37
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Re: Cold Hard Cash

Quote:
Originally Posted by riskaverse
I used to buy and sell silver in the 80's. It wasn't unusual for me to have 16 to 20K in cash. What was funny was trying to be nonchalant hauling thousand dollar face value bags of silver dimes into the bank to stash in safety deposit boxes.
I might be carrying 1K-3K on me for work, and for that reason I also carry a .357 Mag under my shirt.
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Re: Cold Hard Cash
Old 06-15-2006, 04:56 AM   #38
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Re: Cold Hard Cash

i remember in the 80's cashing in my gold coin collection..i had to go into manhattan to do it so we put 15,000 in gold coins in my daughters barbie doll backpack and my daughter and i rode the nyc subway system in to the city
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Re: Cold Hard Cash
Old 06-15-2006, 10:25 AM   #39
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Re: Cold Hard Cash

About 20k. Until I was 20, I didnt believe in banks.

I then took it in to a few banks 9k at a time because writing money orders got old fast!
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Re: Cold Hard Cash
Old 06-22-2006, 11:10 AM   #40
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Re: Cold Hard Cash

Over 200,000 for part of our house purchase. It seemed like monopoly money.
I took a picture.

Needless to say we were fairly nervous on the way to the closing.

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