PrettyPrettyShinyShiny
Well-Known Member
Hello all 
We all know where stacking can lead to... Getting in too far, dedicating WAY to much of the wage into PMs in anticipation of a world fiat collapse then having to sell part of the stack to pay the bills :/. Having said that, balance is pretty sound advice and having available cash is necessary to live without buyers remorse. After a bit of a hiatus, I'm back to the old ten percent of earning getting saved into PMs, but what I'm wondering, is how many people are keeping x amount of cash available too? Nothing is certain and predicting when the global economy is going to blow up isn't exactly my forte, but I'd like to know that I'm at least a little protected..
I remember back during the 08 GFC, there were fears that people would be locked out of their accounts and cash could not be withdrawn. I'm not intending to be fear mongering (other people fulfill that role) but when another shake up occurs, I think it's going to hit much harder than 08 due to increasing US debt and what I perceive to be a growing global uncertainty in where things are headed. Australian interest rates are extremely low which I figure adds to the problem along with China's disinterest in our resources now.
Anyway, does anyone think it's reasonable to have a thousand bucks (in $50s..not $100s-- I'm not a crim you know
in cash next to the stack or is this way too paranoid? Discussion encouraged!
Have a great Tuesday!
Yours all shiny,
PPSS
We all know where stacking can lead to... Getting in too far, dedicating WAY to much of the wage into PMs in anticipation of a world fiat collapse then having to sell part of the stack to pay the bills :/. Having said that, balance is pretty sound advice and having available cash is necessary to live without buyers remorse. After a bit of a hiatus, I'm back to the old ten percent of earning getting saved into PMs, but what I'm wondering, is how many people are keeping x amount of cash available too? Nothing is certain and predicting when the global economy is going to blow up isn't exactly my forte, but I'd like to know that I'm at least a little protected..
I remember back during the 08 GFC, there were fears that people would be locked out of their accounts and cash could not be withdrawn. I'm not intending to be fear mongering (other people fulfill that role) but when another shake up occurs, I think it's going to hit much harder than 08 due to increasing US debt and what I perceive to be a growing global uncertainty in where things are headed. Australian interest rates are extremely low which I figure adds to the problem along with China's disinterest in our resources now.
Anyway, does anyone think it's reasonable to have a thousand bucks (in $50s..not $100s-- I'm not a crim you know
in cash next to the stack or is this way too paranoid? Discussion encouraged! Have a great Tuesday!
Yours all shiny,
PPSS
