Comments on: The End Is Nigh. Bury Your Cash? http://amateurassetallocator.com/2008/12/11/the-end-is-nigh-bury-your-cash/ Amateur Asset Allocator Fri, 10 Feb 2012 18:16:33 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Blade Runner http://amateurassetallocator.com/2008/12/11/the-end-is-nigh-bury-your-cash/comment-page-1/#comment-4766 Blade Runner Sun, 16 Aug 2009 05:28:21 +0000 http://amateurassetallocator.com/?p=481#comment-4766 Always convert to gold, silver, platinum, or palladium if you are going to bury money. Copper and nickel would be close seconds. Always convert to gold, silver, platinum, or palladium if you are going to bury money. Copper and nickel would be close seconds.

]]> By: Mark http://amateurassetallocator.com/2008/12/11/the-end-is-nigh-bury-your-cash/comment-page-1/#comment-2587 Mark Wed, 17 Dec 2008 09:08:57 +0000 http://amateurassetallocator.com/?p=481#comment-2587 Burying cash is very shortsighted. I think that people fail to realize that if the whole economy crashes then the dollar becomes worthless. Burying cash is very shortsighted. I think that people fail to realize that if the whole economy crashes then the dollar becomes worthless.

]]> By: Jimmy http://amateurassetallocator.com/2008/12/11/the-end-is-nigh-bury-your-cash/comment-page-1/#comment-2531 Jimmy Fri, 12 Dec 2008 20:44:20 +0000 http://amateurassetallocator.com/?p=481#comment-2531 Questions about storing cash: If we are going to store cash in our personal possession, then we have two basic options: in our home or on our property. The home is subject to fire and/or theft risk. Even a quality safe could be destroyed in a long-burning or intense fire. Given these issues, I like the idea of burying cash, but I'm not sure how to do this safely to avoid the cash rotting due to moisture and microbes. Does anyone know step-by-step how to bury cash safely? Could they point me to a book or web resource that describes how to do it? I recently purchased a "midnight gardener"(www.themidnightgardener.com/)which is a capped PVC pipe with a deeply threaded screw-on cap. I've though about putting the cash in a plastic bag filled with dessicant, then putting that plastic bag in another also filled with dessicant. The PVC cap could be sealed with plumber's tape. Would this work? Questions about storing cash:
If we are going to store cash in our personal possession, then we have two basic options: in our home or on our property. The home is subject to fire and/or theft risk. Even a quality safe could be destroyed in a long-burning or intense fire. Given these issues, I like the idea of burying cash, but I’m not sure how to do this safely to avoid the cash rotting due to moisture and microbes. Does anyone know step-by-step how to bury cash safely? Could they point me to a book or web resource that describes how to do it? I recently purchased a “midnight gardener”(www.themidnightgardener.com/)which is a capped PVC pipe with a deeply threaded screw-on cap. I’ve though about putting the cash in a plastic bag filled with dessicant, then putting that plastic bag in another also filled with dessicant. The PVC cap could be sealed with plumber’s tape. Would this work?

]]> By: Curt http://amateurassetallocator.com/2008/12/11/the-end-is-nigh-bury-your-cash/comment-page-1/#comment-2528 Curt Fri, 12 Dec 2008 03:44:41 +0000 http://amateurassetallocator.com/?p=481#comment-2528 This is a great time to invest in gold, but its also good to keep 6-months cash on hand - maybe at a few different banks, and local banks not national chains like BofA. The layoffs are going to continue for at least another 6-months. The problem with going to all cash is that the dollar is in very serious trouble and the day that the world stops funding the US with borrowed money, is the day that the dollar is going to drop, perhaps overnight. So, if you bury your cash you may still have it, but it could be worth a lot less than when you burried it. This is a great time to invest in gold, but its also good to keep 6-months cash on hand – maybe at a few different banks, and local banks not national chains like BofA. The layoffs are going to continue for at least another 6-months.

The problem with going to all cash is that the dollar is in very serious trouble and the day that the world stops funding the US with borrowed money, is the day that the dollar is going to drop, perhaps overnight. So, if you bury your cash you may still have it, but it could be worth a lot less than when you burried it.

]]>