How much cash can you carry? Is there a law?

[Ridge]

I don't regularly carry cash. I rarely have more than $20 in my pocket, which is already uncommon.

Why don't you like keeping money in the bank, where it's actually insured if it's lost or stolen?

[jhood001]

I don't regularly carry cash. I rarely have more than $20 in my pocket, which is already uncommon.

Why don't you like keeping money in the bank, where it's actually insured if it's lost or stolen?

For me personally, I don't mind keeping money in the bank. I just take issue with a percentage of every transaction made with a piece of plastic being taken by a bank. We often complain about inflation, but we seldom talk about the increase in the costs of goods as the result of including a middle man when we buy everything from electronics to a can of soda at a gas station with a credit or debit card.

Out of principal, I use cash whenever I can. As was also mentioned in the thread - I also don't care for anyone to know what I purchase and when. It is between me and the seller.

Also, the 10k limit on a deposit is the trigger to fill out tax related forms, but the deposit amount to get you 'flagged' (a report filed) at the bank is much lower. Somewhere around 3-6k.

[davsel]

... Why don't you like keeping money in the bank, where it's actually insured if it's lost or stolen?

http://www.silverdoctors.com/us-bank...ends-dec-31st/

http://westernrifleshooters.wordpres...nking-and-men/

[Ridge]

http://www.silverdoctors.com/us-bank...ends-dec-31st/

http://westernrifleshooters.wordpres...nking-and-men/

The first link is extremely biased, as they are trying to move you away from paper currency to their product. How many places actually take gold/silver as payment? Can you buy groceries with silver?

The other is an opinion piece from someone with no background in the financial or economic sectors.

[davsel]

http://www.silverdoctors.com/us-bank...ends-dec-31st/

http://westernrifleshooters.wordpres...nking-and-men/

The first link is extremely biased, as they are trying to move you away from paper currency to their product. How many places actually take gold/silver as payment? Can you buy groceries with silver?

The other is an opinion piece from someone with no background in the financial or economic sectors.

Just attempting to answer your question as to why I personally exited the banking system as much as possible.
There are several more articles pertaining to the possibility of an economic collapse. Just do your own search and perhaps find an opinion you deem worthy. BTW, stating that Ann Barnhardt has "no background in the financial or economic sectors," is completely false. Many disagree with her Catholicism posts, but often appreciate her knowledge of finance.

Here are a couple of financial sites I find worth following:
http://market-ticker.org/
http://www.zerohedge.com/

Good luck.

[Ridge]

Just attempting to answer your question as to why I personally exited the banking system as much as possible.
There are several more articles pertaining to the possibility of an economic collapse. Just do your own search and perhaps find an opinion you deem worthy. BTW, stating that Ann Barnhardt has "no background in the financial or economic sectors," is completely false. Many disagree with her Catholicism posts, but often appreciate her knowledge of finance.

Here are a couple of financial sites I find worth following:
http://market-ticker.org/
http://www.zerohedge.com/

Good luck.

I went to her website. She has a degree in animal husbandry, and she teaches farmers how to sell livestock. That in no way translates to understanding and commenting on what is going on in DC and on Wall Street.

[brokenscout]

Don't like banks, just got divorced. Just like having the cash

I don't regularly carry cash. I rarely have more than $20 in my pocket, which is already uncommon.

Why don't you like keeping money in the bank, where it's actually insured if it's lost or stolen?