Everyone should have some cash in their local bank

Discussion of the Cash portion of the Permanent Portfolio

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technovelist
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Re: Everyone should have some cash in their local bank

Post by technovelist » Thu Mar 19, 2020 6:22 pm

Smith1776 wrote:
Thu Mar 19, 2020 3:54 pm
Browne said that instead of Treasury Bills, keeping cash deposited in 3 FDIC insured banks was an acceptable alternative.

We still see to this day that Browne was ahead of his time.
Or possibly 30 FDIC insured banks if you're one of the rich types. 8)
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Vil
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Re: Everyone should have some cash in their local bank

Post by Vil » Fri Mar 20, 2020 12:50 am

dualstow wrote:
Thu Mar 19, 2020 5:04 pm
In China they run the currency through UV light.
We use disposable latex gloves here - both the cashier and customers. But those have to be handled correctly after use, as otherwise their use can be counterproductive. Actually, their use is maximized if you throw them immediately after leaving the area that has a high chance of being contaminated. And I saw some people using simple plastic bags for the new cash they receive, but not their wallets. Guess all of those measures should have some sort of limit, otherwise one can get seriously hit by paranoia... Stay healthy.
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Vil
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Re: Everyone should have some cash in their local bank

Post by Vil » Fri Mar 20, 2020 4:09 am

Vil wrote:
Thu Mar 19, 2020 3:35 pm
web backbone being either overloaded or simply temporarily out of order
CNN today: YouTube will reduce its streaming quality in EU and UK to avert internet gridlock.

Actually, the company I'm working for had severe VPN problems those days, given that now majority of employees are working from home. And the company is S&P 500 member, not some small family business..
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dualstow
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Re: Everyone should have some cash in their local bank

Post by dualstow » Fri Mar 20, 2020 6:26 am

That’s smart, Vil. I should have brought a plastic bag for that change.
I’m using a wallet and cash so seldom now that it’s probably virus free from sitting around so long.
I guess the main thing to do is scrub after putting my wallet away and before rubbing my itchy eyes.
The new Freakonomics: Why Are Cities (Still) So Expensive? (Ep. 435)
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