4 ms·
Computer programmer. You just need to have been in a country that's had a civil war to realise how useful a pile of cash is for getting out quickly.
by llm_trw 2y ago
Computer programmer. You just need to have been in a country that's had a civil war to realise how useful a pile of cash is for getting out quickly.
- beeflet 2y agoyou are losing a lot of value to inflation to support that much liquidity
- fooker 2y agoIf you live in an unstable situation this 5-10% downside per year can end up saving the lives of you and your family. Almost everyone I know if fairly stable third world countries keep about half a month of expenses in cash even after digital payments are predominant.
- llm_trw 2y agoI'm alive because my father did the same. How much value is your life worth?
- whythre 2y agoThis mindset can only be born of stability. If your country descends into chaos, having money on hand is better than having money in a bank, and therefore, not on hand.
- Loughla 2y agoSilver coins is my bet. I'm not a prepper by any means, but I always keep some silver on hand. If nothing else, they make good gifts for kids. They feel like little pirates when you give them silver coins.