I have been hoarding a large sum of money waiting for the anticipated foreclosures etc to start.

I do not trust the govt or FDIC. I lived thru multiple recessions and the Great Recession, and saw all those folks who lost their rentals and retirement accounts.

If I pull my cash out where should I put it?

Safety deposit box like in the movies?

Buy a giant immovable safe?

Mattress?

Tomato cans buried in the yard?

Inside the wall studs like OZARK?

Crawl space like Walter White?

As a Jeweler, I know not to trust Safety Deposit Boxes. I had a box in the International Jewelry Center. One day while going to my locker box in the vault room the new guard allowed a group of foreign (gang) business men to enter the vault when I was to my vault. I told the to get the "H" out of the vault -- one person at a time. They did not listen as they pulled out their weapons. I had my Model "A" UZI with a 25 round clip. They left after I sprayed the room. As they were running away, one dropped his piece. The guard picked it up and gave it back to him. I arrested the guard on the spot. The bank, Bank of America was closed for the rest of the day.

Good question, and I'd bet many of u are thinking the same thing.

Fed gave themselves full access to all safe deppsit boxes and also self storage units long ago. Believe it, they will also go after private boxes as well if they want.

Big safes attract attention and cot ###- Maybe a gun safe?

Others seem impractical.

Keeping quiet about it is the word. As far as I think, if certain people blab to friends, kids talk, etc, then word gets out that you've got a stash, then you're a target.

Also what about the govt talk of moving to digital currency stuff?

Silver and gold have some allure but gold, esp seems a bit impractical for it would need to be either converted or find a willing receiver (depending on what happen, that might not be that hard, but it is a bet for sure).

Decisions, decisions.

I don't have a lot of free cash so I don't have to think about it. :-(

Hard money Leander?

Do some nice upgrades on the rentals that you can expense. Then increase rent for more cash flow.

I bought a ranch and went into to clear the land and harvested 3 semis full of walnut that went to the saw mill. It was a nice payday. Farm land is great.

Mine is now mostly in real estate, but before that the cash was in insured money market accounts, no more than $250,000 in any account.

Anything kept at home is at risk in a house fire. It is at risk from thieves. Buried money gets lost or wet and decomposes. I'm not at all sure that gold is such a good idea. It's easy to buy it but how do you sell it if the market is glitchy.

Not in cash! US dollars are being devalued daily. Anything you have in cash is bleeding to death.

Jason,

It is one of my strongest hopes that I am completely wrong, that there is nothing to worry about and in the future I may lay back and laugh at the apparent folly of thinking that there were problems ahead. That, afterwards, I will have plenty of things to donate to the food pantry and other charities.

If I am wrong, I will gladly take the ridicule and "I told you so's" from those who said I was paranoid or in a movie.

On the other hand, if I am right and things get bad, what will those who ridicule me and those like me do when hard times come and they are not prepared? Will they come to my door asking for food and help or will they come demanding these things and willing to take them from me?

In time, when this plays out, I hope to sit with others and share a drink and hopefully laugh about my follies. That or share that drink with those who were ready for the hard times and made it through.

I'm like Bonanza, all my cash is in RE. ( well, mine is likely more meager holdings than Bonanza.) Husband, that's a different story.; he's been wondering about cash lately too. I'd be a fan of dollar cost averaging into rentals, so, just keep expanding, though you'll do fewer when prices are higher, more if things tank.

I am going to spend my "excess" on new construction.

Some of you are in more than a movie.

Is there any one with a brain who thinks or thought the people running this current gov't knows what there doing? Go do the list-- there so busy patting themselves on the back for being everything in the rainbow they haven't a clue to their jobs.

Whether SVB and Signature Bank

From MYOB:

"Is there any one with a brain who thinks or thought the people running this current gov't knows what there doing?"

BUT THEY MUST!... Note how many go into politics with a relatively low net worth and in a few years its SO MUCH HIGHER!

Eggs.

Oddly enough the price of eggs is coming down if only temporarily. We normally cut our own firewood in the surrounding forest of our property however we haven't had time doing so many renovations on the rentals.

Just bought a HUGE (large dump truck) amount of GOOD firewood. I'm stacking it slowly but surely. I'm calling it Mount LogMore.

Haven't been in the mood lately to stack the firewood due to a lingering sinus infection but there it is.

Map,

My sister heats with wood. I don't know why because I swore never to do that after our childhood.

Anyhow a few years ago she happened upon a fella that runs a tree trimming service. He is hired by the electric company to take trees plus has his own gig.

He started bringing literal truck loads of wood to be dumped at their place.... for free.

No more going out, cutting and dragging it back.

I don't have mega amount of cash around the house. I have faith in the banks. But I also know that there was a period not that long ago where there was blackouts for a huge chunk of the US. Having an ATM card or a VISA doesn't work too well if there is no power.

So as a general practice I keep 10 gals of gas and a few thousand dollars available in the event of a temporary unforeseen disaster.

Where do I stash the cash? It is hidden very well inside the house. So why do I keep a limit amount in that emergency fund? One house fire could wipe it out. Also I want the money working for me - so this act like my safety blanket. I like sleeping soundly at night.

Very Roughly-

15% of net worth- business

15% of net worth retirement accounts- stock market

60% of net worth real estate

10% of net worth in cash that is split up between 3 places-

~CD...local bank

~Money market...different local bank

~Money market...local broker

"REAL" cash...just a few thousand at any given time.

We still have cash left from Y2k! Took it out just before EOY in 1999. Never spent it. Never put it back. Not a fortune, just an emergency stash.

I had a relative with $25,000 wrapped in the freezer with some red snapper in the same package. Through a series of unfortunate events one evening, the freezer was emptied. The next morning she was in a terrible panic. Good ending was the package ended up in my son's freezer and we figured it out after an hour or so. Could it have disappeared? Certainly.

This same 80+ year old relative - she was to be in the car leaving the house for the final time when she moved out of her home a few years ago. I found her in the back yard with a stick digging by a tree ... seems there was a Folgers can there with who knows how much cash in it.

First, FDIC will cover $250,000 per depositor so if you have a family of 4 you effectively have $1M in coverage if you use all 4 names on the accounts. FDIC is backed by the government so If you are afraid of losing that then you shouldn't have US dollars or any product backed by US dollars, they will be worthless as well. So your cash stashed in the wall will only be worth the insulation value if that happens. At that point, gold, silver, guns, and bullets are recommended. You might also invest in a bunker and a few years of food.

Also, to clarify, it is $250,000 "per depositor, per insured bank, for each account ownership category." That last part often gets left out. Different "ownership categories" would be things like a single-person account vs a joint account vs a trust account vs a business account.

So, you could have $250k in a individual savings account, $250k in a trust account, $250k in a joint account with your wife, and $250k in a business corporation account. That entire million would be covered by FDIC insurance even at the same bank and without going through 4 family members. Add more family members and you could bump that up even more, of course.

Or, heck, if you've got $1MM to put somewhere, just put $250k each in four different banks. It'd all be FDIC insured and might even help for those of you worried about a run on certain banks.

My local credit union is paying 4.75 to 5% APR on 8 month CD.

Just put a tidy sum in that.

As MikeA said, if the insured deposit goes bad, paper money is likely to be worthless.

Bury GOLD or silver bullion

I begin using credit unions back in 2008 mainly because I didn't want to support any banks given the bank bailout. Although I didn't know at the time, that was a good move from the standpoint of securing financing for my real estate purchases.

I think short-term treasuries (and longer term treasuries once the fed stops tightening) are the ticket right now. Government protection is already built right in. Once the tightening cycle ends, longer term treasuries should return well. I think generally that lending various governments money is going to be the new thing particularly as foreign buyers buy less treasuries.

The current situation was created by the fed's ZIRP policy IMO and the current situation will result in even more consolidation of banking interests. What I don't understand is why these banks held onto long dated treasuries knowing that interest rates were being pushed up. It was a easy way to make money when rates were low but I'm not understanding why they didn't move to shorter duration especially since the fed signaled this well in advance.

"I'm from the govt and I'm here to help you."

My 30 years of paying FEMA flood ins was worthless when my houses were in a freak flood.

I do not trust the govt to protect my money, esp when they want to tax me MORE just because I make more than some people.

Brad,

Just be more like me and you don't have all the extra taxes to pay.

Brad: I think you are missing the point that some are trying to make. If you can't trust the government with money in a BANK backed by the FDIC, then that would mean something so terrible happened that cash would be worthless anyhow. So storing it anywhere else (like your backyard in a tube) really doesn't make sense either.

An FDIC insured bank account (or multiple accounts/banks if the money is over $250k) is the most logical option. If THAT fails, then all heck has broken loose -- and, again, your cash would be worthless anyhow.