How much, if any, do you keep on hand/at home?
Most folks imagine a bank run or limited ability to get your money out of the bank. In such a case, how do you pay for anything? Goods or services.
This puts cash in the spotlight so to speak. How much is enough to have on hand? Another good question might be how long after any event, that renders access to your account/money impossible, will cash suffice as legal tender? A week? A month? If things go to shit, that yankee green folding money may be worthless as tender but only worthwhile only as a shit ticket.
If/when cash has limited/no value, will silver or gold work? I think so. How much is enough? I think identifiable coinage in precious metal will have more legs that scrip. How much longer, I don’t know. How much coinage is enough to have on hand?
There theoretically comes a point where scrip and coinage both cease to be good mediums for trade. What then? Most pundits suggest BARTER is gonna be the mode for trade.
How many 22 bullets or rolls of TP is a chicken worth???
Seriously, how much is that Rolex or Ferrari worth post SHTF? I don’t know. But I do know folks will find a way to barter. I’m pretty sure that the Benjamins will decrease in value quickly if they ain’t considered legal tender by folks in flyover country.
Food. Ammo. Guns. Water. Those commodities will be precious. Money just may not be the key to happiness or trade.
Most folks imagine a bank run or limited ability to get your money out of the bank. In such a case, how do you pay for anything? Goods or services.
This puts cash in the spotlight so to speak. How much is enough to have on hand? Another good question might be how long after any event, that renders access to your account/money impossible, will cash suffice as legal tender? A week? A month? If things go to shit, that yankee green folding money may be worthless as tender but only worthwhile only as a shit ticket.
If/when cash has limited/no value, will silver or gold work? I think so. How much is enough? I think identifiable coinage in precious metal will have more legs that scrip. How much longer, I don’t know. How much coinage is enough to have on hand?
There theoretically comes a point where scrip and coinage both cease to be good mediums for trade. What then? Most pundits suggest BARTER is gonna be the mode for trade.
How many 22 bullets or rolls of TP is a chicken worth???
Seriously, how much is that Rolex or Ferrari worth post SHTF? I don’t know. But I do know folks will find a way to barter. I’m pretty sure that the Benjamins will decrease in value quickly if they ain’t considered legal tender by folks in flyover country.
Food. Ammo. Guns. Water. Those commodities will be precious. Money just may not be the key to happiness or trade.