Posted 04/08/2020 09:34 am
Much better to have your own safe, if that is convenient and possible. My bank may close its shop front, until the CV threat recedes, but will continue with electronic banking.
Fortunately, I am not a CRH'er.
Have X thousands in cash stored in my own safe, but nowhere near the value of my collection.
Mine is a custom made job, built by my dad nearly 50 years ago. Cost him almost nothing to build, got the 100 kg of steel for free. Hides under an anonymous looking corrugated cardboard box, with junk piled on it.
Has served me well.
There won't be a run on the banks for cash, almost every Government in the World is printing $trillions to prop their economies up, and allow for a quick recovery. The banks will pay off their debts with inflated money. That's how I paid my mortgage off in the late 1970's and early 1980's. Cost me almost nothing in real interest payments.
Fortunately, I am not a CRH'er.
Have X thousands in cash stored in my own safe, but nowhere near the value of my collection.
Mine is a custom made job, built by my dad nearly 50 years ago. Cost him almost nothing to build, got the 100 kg of steel for free. Hides under an anonymous looking corrugated cardboard box, with junk piled on it.
Has served me well.
There won't be a run on the banks for cash, almost every Government in the World is printing $trillions to prop their economies up, and allow for a quick recovery. The banks will pay off their debts with inflated money. That's how I paid my mortgage off in the late 1970's and early 1980's. Cost me almost nothing in real interest payments.
