Good question. There's lots of talk going around about getting money out of the banks. Problem is where to put it?

Depending on where you live and potential problems with doing this, I'd not want to have more than I could afford to lose if I got robbed, but that brings up a whole lot of "what if's". Each of us has a number depending on all those "what if's".

Maybe spreading it around might make the risk less. Some people are talking about putting it into credit unions instead of banks. Still ???? Things are looking a bit uncertain these days. So do you put 5K in each credit union? 50K? More??? We all pretty much know the FDIC only has about 7 cents in insurance for each dollar they insure. If there's a bank run they will likely go bust pretty quick-maybe in hours.

As much as you can afford to lose.

I was in the Jewelry Trade for a dozen years plus and Jewelers safes were rated on all six sides, not just the door. And we all had alarm systems and the safes were bolted down to the floor.

One Jeweler had his safe removed from his West Los Angeles Location (Olympic and Sepulveda area) via a Stolen Helicopter. Another Jeweler had his safe ripped out from his store by a tow truck with a heavy winch.

My friend purchased what he thought was a secure safe. Using my construction tools I was able to get inside within 10 minutes.

A home safe is only secure if no one knows you have it and they can't just go thru the home and find it. For my clients, I make them pay for the safe using cash and we take a rental van to pick it up. Don't want the safe or locksmith company to have on file whom the owner is. They keep the combination on file incase you loose it.

A Downtown Los Angeles Jeweler had a new safe delivered. It had 3 timers so you could set the safe so it couldn't be opened for a curtain amount of time, like over the weekend. So I told him that's great but when he leaves his location to deliver an order, a person that got access to the safe company's records can break in and open his safe in 2 minutes. So I helped him change and test a new combination. You had to have a key, the combination and the alarm code.

In case of an emergency, you should have already stocked up on water, food (MRE or Dried bulk food you just add water, canned goods ,etc.) Money in an emergency is good but not everything.

As a contractor I've installed safe rooms. Guns hidden around a property that only the person that knows where it is and how to access them will get control within seconds.

Do you really expect an exact answer?

$77

What objective are you trying to achieve with stashing cash?

i had more than fair share of cash last week with the annual tax auction at the county. But I kept the cash in the form of cashier checks. If they get lost, you can file a claim.

I keep anywhere around $2,000 - $3,000 cash on hand. We don't use it much other than for minor local purchases. The rest goes in the bank. I think our insurance policy only covers up to $500 in the event of fire, flood, or robbery.

We keep a Bug Out bag for hurricanes in the safe. Cash in case the ATMs go down. Passports, guns, extra CC, that sort of thing. How *much* cash is a totally personal thing - what would make you comfortable if the power were out for, say, a month, as can easily happen in a big storm or a flood?

Interesting and real objective other then to have ready cash. I thk I'm comfortable with around 20k for quick purchases, maybe super hot deals that I may come across over the weekend.

Interesting and real objective other then to have ready cash. I thk I'm comfortable with around 20k for quick purchases, maybe super hot deals that I may come across over the weekend.

I understand what you are saying. $20,000 really isn't that much money any more. But then again, just because I believe $20,000 isn't that much money doesn't mean it isn't worth a great deal to some stoner with a gun that knows you have cash lying around.

Despite you having the 4th Amendment, Boarder Patrol is given special authority.

The 100 mile rule - if you are within 100 miles from the boarder or the coast, Boarder Patrol doesn't need a warrant to search your car. The can - and do make routine immigration stops.

In talking with you, they notice your 420 T-shirt........ showing you are pro-marijuana. They also see the bag of money. Since Marijuana possession is still a federal crime, the hold you and the evidence that you about ready to go buy your stash.

Places like I-5 between San Diego and LA they stop all traffic on the interstate.

When I sold my spare kidney I buried the cash under the fire pit. Nobody would think to look there. I thought it would be a good idea to post it here on the internet in case I have a senior moment, I can just come here and look up where I put it.

You should keep at least 50% of your net worth in small unmarked bills please, expensive watches and gold bars are good too. Please post your address and the make, model of your safe and any guns on hand... so we can better assess and verify your security needs.

For more bad advice please follow me on tweaker. ;)

OK seriously, regarding cash rents. If you are known for collecting cash you will be a target. Just yesterday my long time, now elderly friend who owns a storage place on our street called me to help with his security. Due to the nature of storage he gets a lot of small cash payments.

Someone broke the door to the office, but the debris jammed it so they didn't get in. He lives in an apartment adjoining the office and was understandably concerned. He's been there 20 years and has a "night payment" slot where the money just falls into a cardboard box by the door.

He also has (had) a petty cash box in the office which obviously his tenants, and their possibly nefarious friends know about. Someone finally took their chance. Hopefully they don't come back, cause they're gonna get smoked.

We are updating his system. We ordered a heavy drop safe ($700) like convenience stores use, with a night slot and drop door and the new entry door will have a magnetic remote switch lock so he can buzz people in. Kind of amazing he's gone this long.