Author Topic: Do you trust banks or hide your money in a safe?  (Read 3043 times)

AmonRa

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Do you trust banks or hide your money in a safe?
« on: July 05, 2014, 11:51:44 PM »
Do you trust banks or hide your money in a safe?

SF1900

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Re: Do you trust banks or hide your money in a safe?
« Reply #1 on: July 05, 2014, 11:55:24 PM »
Getbiggers cant hide their +6,000,000.00 dollars in a safe. Its not practical. Most getbiggers have offshore accounts. Once a week, each getbigger flies his own personal jet to the Cayman Islands to store money in an account.
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Primemuscle

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Re: Do you trust banks or hide your money in a safe?
« Reply #2 on: July 05, 2014, 11:59:16 PM »
I hide my cash in an old matchbox, which is safely tucked between the bed's mattress and box springs. I pity the person who attempts to steal it. My big mean dog who guards this stash of cash has been train to kill anyone trying to abscond with it.

Teutonic Knight

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Re: Do you trust banks or hide your money in a safe?
« Reply #3 on: July 06, 2014, 12:04:46 AM »
Do you trust banks or hide your money in a safe?

100% Leopolds question  :D

AmonRa = Anabolichalo  ;D

Nude images of 'baby mama' ASAP or 1MR will be inform  ;D

Coach is Back!

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Re: Do you trust banks or hide your money in a safe?
« Reply #4 on: July 06, 2014, 01:21:44 AM »
I'm a getbigger, I have my own bank.

Skorp1o

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Re: Do you trust banks or hide your money in a safe?
« Reply #5 on: July 06, 2014, 01:40:38 AM »
All banks and financial institutions in the UK are covered up to 85k for invested monies/cash held. if they go bust the FSCS will cover you up to 85k.

The financial institution looking after my pension fund is not the one I use for my own portfolio, and then my day to day banking is with someone else.
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calfzilla

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Re: Do you trust banks or hide your money in a safe?
« Reply #6 on: July 06, 2014, 01:56:24 AM »
Are you anabolichalo?

240 is Back

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Re: Do you trust banks or hide your money in a safe?
« Reply #7 on: July 06, 2014, 04:53:35 AM »
I hide my cash in an old matchbox, which is safely tucked between the bed's mattress and box springs. I pity the person who attempts to steal it. My big mean dog who guards this stash of cash has been train to kill anyone trying to abscond with it.

and i feed him gunpowder, so he can devour, the criminals, trying to drop my decimals.

Obvious Gimmick

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Re: Do you trust banks or hide your money in a safe?
« Reply #8 on: July 06, 2014, 05:05:16 AM »
I hide my money in a canvas bag with a large dollar sign in it  ::)

_aj_

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Re: Do you trust banks or hide your money in a safe?
« Reply #9 on: July 06, 2014, 05:16:01 AM »
Some, yes. Not all.

gmflex

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Re: Do you trust banks or hide your money in a safe?
« Reply #10 on: July 06, 2014, 05:18:26 AM »
Before the 2008 / 2009 financial crash
The bank of choice was
Emigrantdirect.com
Offering a 4% interest rate.. I was making a killing...

Not anymore  :'(
Now they offer .50%
 :-\ which is still better than most banks..

Roger Bacon

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Re: Do you trust banks or hide your money in a safe?
« Reply #11 on: July 06, 2014, 06:16:28 AM »
Hope you're installing your safe wisely.

Best to embed it in a concrete floor or something.

_aj_

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Re: Do you trust banks or hide your money in a safe?
« Reply #12 on: July 06, 2014, 06:21:21 AM »
Hope you're installing your safe wisely.

Best to embed it in a concrete floor or something.

Mine are held down with gravity. It would take a Sikorsky to get them outta my basement.

gracie bjj

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Re: Do you trust banks or hide your money in a safe?
« Reply #13 on: July 06, 2014, 06:22:25 AM »
ive been so broke lately im lucky i got any money to hide ;D
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Roger Bacon

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Re: Do you trust banks or hide your money in a safe?
« Reply #14 on: July 06, 2014, 06:23:05 AM »
Mine are held down with gravity. It would take a Sikorsky to get them outta my basement.

Cool, I love a man that secures his firearms properly.   :D

I was talking about these chumps with the little four cubic foot safes that you can just carry away.

Nirvana

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Re: Do you trust banks or hide your money in a safe?
« Reply #15 on: July 06, 2014, 06:41:46 AM »
I just carry the shit around in my pockets. That's why us G's need baggy pants.

Powerlift66

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Re: Do you trust banks or hide your money in a safe?
« Reply #16 on: July 06, 2014, 06:53:09 AM »
My buddy walks around with 5 to 7K in  his frickin' fanny pack all the time... (Gonna lose it some day).
Luckily his wife puts all the money in the bank, or he would have it buried all over the yard Im guessing.

dr.chimps

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Re: Do you trust banks or hide your money in a safe?
« Reply #17 on: July 06, 2014, 07:02:28 AM »
I'm a getbigger, I have my own bank.
Bad news, Coach. My bank has to foreclose on your bank for non-payments. Thanks Obama!       

Mr Anabolic

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Re: Do you trust banks or hide your money in a safe?
« Reply #18 on: July 06, 2014, 07:21:45 AM »
FDIC insurance is a farce.  There isn't enough there to cover a full blown financial collapse and/or bank runs.

Keep your cash at home in a fireproof safe.  Small bills, nothing larger than $20's.  You're not getting any interest on it anyway.  You can get to it whenever you need to.

Even better... convert a majority of your cash to silver and/or gold.  This will preserve your purchasing power.  

Hyperinflation is right around the corner.  We will see $10/gal gas and $10 loaf of bread in the near future.

Bank "bail-ins" (they take the cash in your account to bail out their bank) are coming to the US.  This has already happened in Greece, Spain and Cyprus.  

Negative interest rates are being implemented by European banks... that means you have to pay the bank to keep your money in there.  This will eventually happen in the US too.  

The US is also considering confiscating all 401k and IRA accounts and converting them into bonds backed by the full faith and credit of the USA (:P ).  No paper investment instrument is safe.

Most people are in a social media/reality show induced trance... wake the fuck up people.

FitnessFrenzy

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Re: Do you trust banks or hide your money in a safe?
« Reply #19 on: July 06, 2014, 07:25:37 AM »
Before the 2008 / 2009 financial crash
The bank of choice was
Emigrantdirect.com
Offering a 4% interest rate.. I was making a killing...

Not anymore  :'(
Now they offer .50%
 :-\ which is still better than most banks..

I don't mean to be rude or condescending but look into some private banking investments in e.g. high interest countries, corporate bonds, "stable" stocks. You should be able to get a 5% return on your savings without much trouble, even in these times.

Sam

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Re: Do you trust banks or hide your money in a safe?
« Reply #20 on: July 06, 2014, 10:31:55 AM »
Most getbiggers are familiar with the banking protocols of this place...

2Thick

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Re: Do you trust banks or hide your money in a safe?
« Reply #21 on: July 06, 2014, 01:02:37 PM »
FDIC insurance is a farce.  There isn't enough there to cover a full blown financial collapse and/or bank runs.

Keep your cash at home in a fireproof safe.  Small bills, nothing larger than $20's.  You're not getting any interest on it anyway.  You can get to it whenever you need to.

Even better... convert a majority of your cash to silver and/or gold.  This will preserve your purchasing power.  

Hyperinflation is right around the corner.  We will see $10/gal gas and $10 loaf of bread in the near future.

Bank "bail-ins" (they take the cash in your account to bail out their bank) are coming to the US.  This has already happened in Greece, Spain and Cyprus.  

Negative interest rates are being implemented by European banks... that means you have to pay the bank to keep your money in there.  This will eventually happen in the US too.  

The US is also considering confiscating all 401k and IRA accounts and converting them into bonds backed by the full faith and credit of the USA (:P ).  No paper investment instrument is safe.

Most people are in a social media/reality show induced trance... wake the fuck up people.

I agree that FDIC insurance (like anything else) is not absolutely 100% foolproof. FDIC and other forms of insurance such as SIPC are only good up to certain amounts, and only as long as those institutions are solvent. US treasuries are not what they used to be, and are not something attractive at this time due to the interest rate environment.

I don't keep very much cash laying around for very long. I invest, including substantial overseas investment, or use it as liquid currency - hard to buy food, cars, homes, etc with gold bars.. I do believe in having some gold as a longterm investment, an alternate form of currency, and a hedge against inflation. I also like a little silver and other metals, along with oil and gas and an agricultural index.

Where are you getting this info about retirement accounts being seized, banks stealing money, and charging rent for money in the US? Talk about bloodshed in the US if such a thing happened... IF this happened or if the dollar ever actually became worthless, the world as we know it is fucked, and you definitely wouldn't want to live here...

I agree that the US has been heading in the wrong direction. The socialist European model will only make us more like Europe, which is not a good thing IMO. But you'll see mass hysteria and blood in the streets here if the dollar ever became truly worthless, and if all stocks and corp bonds (and therefore the companies behind them) were truly worthless, and if assets are seized.

 I currently have many companies in my portfolio that have substantial assets such as huge oil and gas reserves on their balance sheets, often throughout the world. About the only way to significantly harm or make worthless such companies would be through government takeovers. That's my biggest fear - not a worthless dollar, hyperinflation, or FDIC failure. And I just don't see that likely happening here. To do so would be civil war times infinity.
A

Frank Clairmonte

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Re: Do you trust banks or hide your money in a safe?
« Reply #22 on: July 06, 2014, 01:11:40 PM »
I have half of my money in our private getbig bank. Never heard about it? you are not ready yet. In reality GetBig. com is one big money laundering service run by Ron Avidan, milionaires pretending to be bb fans running this perfect scam for years.
1

Primemuscle

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Re: Do you trust banks or hide your money in a safe?
« Reply #23 on: July 06, 2014, 01:55:22 PM »
I have half of my money in our private getbig bank. Never heard about it? you are not ready yet. In reality GetBig. com is one big money laundering service run by Ron Avidan, milionaires pretending to be bb fans running this perfect scam for years.

Joon made me an offer I couldn't refuse.....waiting on the returns he promised me.  ;)

TheGrinch

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Re: Do you trust banks or hide your money in a safe?
« Reply #24 on: July 06, 2014, 02:00:02 PM »
FDIC insurance is a farce.  There isn't enough there to cover a full blown financial collapse and/or bank runs.

Keep your cash at home in a fireproof safe.  Small bills, nothing larger than $20's.  You're not getting any interest on it anyway.  You can get to it whenever you need to.

Even better... convert a majority of your cash to silver and/or gold.  This will preserve your purchasing power.  

Hyperinflation is right around the corner.  We will see $10/gal gas and $10 loaf of bread in the near future.

Bank "bail-ins" (they take the cash in your account to bail out their bank) are coming to the US.  This has already happened in Greece, Spain and Cyprus.  

Negative interest rates are being implemented by European banks... that means you have to pay the bank to keep your money in there.  This will eventually happen in the US too.  

The US is also considering confiscating all 401k and IRA accounts and converting them into bonds backed by the full faith and credit of the USA (:P ).  No paper investment instrument is safe.

Most people are in a social media/reality show induced trance... wake the fuck up people.

QFT !!... people better wake up before its too late but never gonna happen