I used to have a lil bit of cash just in case, but not anymore.
I had not considered the scenario you just exposed, I have been counting on the systems to reaming functioning indefinitely.
Smart move from you, I believe.
It is good to have several scenerios covered.
Topic: Are you storing cash in banknotes? - page 2. (Read 171 times)
No matter what kind of cards we have and what type of investments and stocks are available in our portfolio and how much money is in our savings account I am kind of person who keeps enough amount of physical Money needed for the next 30 days, savings money is the stupid idea but having enough money in our hand is s smart man's move no matter how much digital payment modes we have.
I'm finding it difficult to predict the economic climate in England next year. I have a number of investments and plans for wealth preservation, but I'm not sure what to do about daily living expenses. I upped my Visa credit card limit, as banks seem to want to encourage the use of credit cards, and I have a Visa and Mastercard debit card. A couple of years ago, the whole Visa system shut down for more than a day. That was blamed on programming errors, but I think it might have been a trial for an economic shutdown by the banks. I have a number of cash collections in banknotes, and a few coins, and those are in various locations. I'm concerned that my normal situation may be compromised, and I was to have some backup. Now fiat cash must be one of the worst savings ideas - probably second to fiat bank deposits. Do you think I am stupid, or are some of you keeping cash in case there are problems with electronic banking?
I am aware of Bitcoin.
I think that is an asset to be kept, and used to help rebuild life after the economic reset.
I am aware of Bitcoin.
I think that is an asset to be kept, and used to help rebuild life after the economic reset. Jump to: