4 ms·

you are losing a lot of value to inflation to support that much liquidity

• fooker 2y ago
  If 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 ago
  I'm alive because my father did the same. How much value is your life worth?
• whythre 2y ago
  This 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 ago
    Silver 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.