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06-22-2006, 10:13 AM
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#41
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,005
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Re: Cold Hard Cash
Quote:
Originally Posted by ladelfina
Over €200,000 for part of our house purchase.
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A glass of water, a pack of smokes, and 200k in cash? You sure you aren't involved in some other money-making enterprise?
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06-22-2006, 10:17 AM
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#42
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,003
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Re: Cold Hard Cash
Water? With that kind of jack on the table, it better be vodka!
__________________
Numbers is hard
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06-22-2006, 10:45 AM
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#43
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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Re: Cold Hard Cash
Quote:
Originally Posted by rw86347
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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Moving money or product for your boss, ladelfina?
__________________
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No more lawyer stuff, no more political stuff, so no more CYA
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06-22-2006, 11:09 AM
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#44
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Full time employment: Posting here.
Join Date: Feb 2004
Location: Okanagan Valley
Posts: 808
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Re: Cold Hard Cash
Quote:
Originally Posted by ladelfina
Over* €200,000 for part of our house purchase. It seemed like monopoly money.
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Why would anyone take cash to a closing? Bank draft maybe......
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06-24-2006, 05:51 PM
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#45
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Full time employment: Posting here.
Join Date: Oct 2005
Posts: 501
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Re: Cold Hard Cash
back in the old county in asia, our parents got tons of cash around the house, nobody at that time trust the bank or the government. my parents limits themself to about 2 trunk of cash then convert them to gold...
well, gold continues to increase in values and cash declines fast. i don't see that much changes since we came here in the US.
for us, we got around 5 to 10k around the house... oopss i better not tell u where we live.
enuff
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06-24-2006, 05:55 PM
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#46
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Thinks s/he gets paid by the post
Join Date: Apr 2006
Posts: 1,490
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Re: Cold Hard Cash
as was not uncommon back then, my MIL used to put cash in the walls both for "safe" keeping and for insulation ... don't imagine it worked well for either purpose.
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06-24-2006, 06:29 PM
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#47
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Posts: 2,594
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Re: Cold Hard Cash
Too funny .... there was a case in NH where 3 MA roofing contractors found a stash of antique bills in a barn. Reports pegged the find ~$100k due to the age and condition of the bills. Landed them all in jail as they tried to keep the stash.
Guess many didn't trust the early banks.
__________________
FIRE'd since 2005
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06-24-2006, 07:41 PM
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#48
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Full time employment: Posting here.
Join Date: Oct 2005
Posts: 501
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Re: Cold Hard Cash
got a question for all u folks that trust the bank in the USA.
back in the old country, in the old days, our banking system also had something similar like" FDIC" that guarantte a certain amount of your money if the bank ever went bankrupt, almost like the USA, however when the whole country collapsed and the government "all meshed up" like Iraq, NOBODY gets anything period.
for example, (stupid example) company X guarantee flood insurance for a particular house at address B, it's all nice and dandy when your house is only house that got flooded and the insurance will pay for the damages BUT what happens when the entire county and the next 12 neighboring counties in my state got flooded then WHO paid... you're NOT the only "sad" story in town. there are 100,000 thousand houses in the same situation... then What?? oh, BTW company X just filed "bankruptcy".
this is why the Asian people DO NOT trust the bank and i guess it's in my blood a little bit too. it happened to my parents in a "solid" government situation. who to say something like that will not happened in the USA
enuff
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06-24-2006, 07:51 PM
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#49
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Thinks s/he gets paid by the post
Join Date: Apr 2006
Posts: 1,490
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Re: Cold Hard Cash
Quote:
who to say something like that will not happened in the USA
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it could, but i judge it to be unlikely. were it to happen, any currency would likely be worthless, so it makes no sense to keep currency.* gold might hold its value, but in severe circumstances i'm not overly confident you could easily trade or sell it.* holding cash is not without significant risk, nor is holding gold. indeed, i suspect there is no riskless asset.
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06-24-2006, 09:17 PM
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#50
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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Re: Cold Hard Cash
Hmmm
Call me provincial but I trust the American financial system vis a vis the rest of the world. (even with Depression era parents).
BUT - here is the biggie - the American dollar trades openly on the world market along with other currencies. So - if you are planning to spend time abroad or for plain old diversification reasons - formulating a defense might be in order.
Gold is the classic historical defense. Foriegn stock, some of the newer commodity related (PCRIX Type stuff) products produced by Wall Street, etc have been proposed.
I don't have the answer - but were I to move overseas, I would be much more internationally diversified than I am now.
heh heh heh - ?
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06-25-2006, 12:09 PM
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#51
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Re: Cold Hard Cash
Quote:
Originally Posted by rw86347
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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Big shirt?
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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06-25-2006, 01:48 PM
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#52
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 2,341
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Re: Cold Hard Cash
Quote:
Originally Posted by Enuff2Eat
for us, we got around 5 to 10k around the house... oopss i better not tell u where we live.
enuff
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Too late. With the power of internet and the tracking capability of google, I have location your lovely abode and will be scheduling a visit there shortly. Can you also leave some milk and cookies, Santa Klaus gets hungry during a heist, 8)
__________________
I look to the present moment because that's where I live my life.
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06-25-2006, 03:19 PM
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#53
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Posts: 2,594
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Re: Cold Hard Cash
Quote:
BTW company X just filed "bankruptcy".
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I've noted that the insurance co. have gotten pretty creative at covering thier rears. All renewals in the last 5 years have a "terrorism disclaimer" ... of course for an added fee you can insure against "terrorism". No word on if domestic events fit the definition ... but the ins. co. is all too happy to assign a fee to the risk.
Also many were surpirsed during the 100 year floods here last month that flood ins is separate.
So good ol'fashion capitolism will take care of itself.
__________________
FIRE'd since 2005
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06-25-2006, 06:23 PM
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#54
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Thinks s/he gets paid by the post
Join Date: Apr 2006
Posts: 1,490
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Re: Cold Hard Cash
Quote:
many were surpirsed during the 100 year floods here last month that flood ins is separate.
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no one should be surprised about their insurance coverage ... unless, of course, they've been blindly paying-out hundreds of $ every year and could never be bothered to read what it is they have been paying for.
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