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I feel I need to have cold/hard cash at the moment.
Yes. Argos sells such safes. Get a fireproof one and bolt it to the floor in an inconspicuous place.Are there seal proof waterproof boxes/safes to hide in the ground?
Hmmm... You have a lot of confidence in the government! I'd rather take my chances with the local crooks or house flood/fire etc.No matter how risky you consider the banks are they are far safer then hiding it in your house.
Hmmm... You have a lot of confidence in the government! I'd rather take my chances with the local crooks or house flood/fire etc.
The reality of life is there is no 100% safe place to put your money, we've seen the value of shares and property collapse in Ireland, the same could happen gold, a bank could go bust and the Govt not have the cash to bail them out, the dog could dig up your biscuit tin and chew your money to pieces etc etc.
If you are really nervous then split your money between banks backed by different govt schemes, eg AIB backed by Ireland, Ulster Bank is 70% owned by the British Govt, NIB is back by the Danish Govt, Rabobank under whatever scheme the Dutch have etc
As for hyperinflation, if it happens, no matter where you've put your money, it'll be worthless anyway so why worry about it
As to a scenario.. it is one "likely" scenario that has me thinking about all this... the really scary one where Ireland is kicked out of the euro and the irish euro notes are worth less than the german and french ones. Crazy thinking maybe, but so was thinking about any risky banks in this country less than a year ago!
Would money in a German bank account be almost as safe as Bundesbank-issued euro notes?.....why not have your money in many different institutions.....German bank, etc.....
Would money in a German bank account be almost as safe as Bundesbank-issued euro notes?
If the euro become worthless then the euro becomes worthless. Doesn't matter what bank it's from.
Are you sure about this? Can anyone else confirm? What I mean is the definition of the "euro" is not as clear as I previously thought.
Another post on this site mentioned the fact that different countries have different markings on the euro note. Germany has an "x". I know if the euro collapses then end of...
Maybe I can make this clear [...] by referring to the example of [...] the US dollar. Even among the small pile of US dollar bills I keep at home for travel purposes, I have bills issued by most of the Federal Reserve Districts of the US. I have a one dollar bill from the Federal Reserve Bank of Chicago, Illinois (with a capital G in the center of the rosette to the left of George Washington’s portrait), one from the Federal Reserve Bank of Richmond, Virginia (with an E), one from the Federal Reserve Bank of Philadelphia, Pennsylvania (with a C), one from the Federal Reserve Bank of Atlanta, Georgia (with an F),one from the Federal Reserve Bank of New York, New York (with a B), one from the Federal Reserve Bank of Cleveland, Ohio (with a D) and one from the Federal Reserve Bank of Boston (with an A). I even have one from the Federal Reserve Bank of San Francisco, California (with an L).
Are you sure about this? Can anyone else confirm? What I mean is the definition of the "euro" is not as clear as I previously thought.
Another post on this site mentioned the fact that different countries have different markings on the euro note. Germany has an "x". I know if the euro collapses then end of...but the possiblitiy in theory at least that at some point in time only german and perhaps french marked euro notes continue to be recognised as "current euro market value" until such time that other countries convert their devalued euro notes to their new currencies. I know I am yet again talking worst case scenario and showing symptoms of "crazy paranoia" but with the past few months I think anything is now possible.
Does anyone know how to convert irish euro notes to german/berlin issued/printed euro notes without having a german bank account? Don't think Irish banks do it. And if not how do I set up a german bank account from here?
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