Hoarding Cash at Home

Hoarding cash

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7 Responses

  1. Avatar catflap says:

    Interesting article. holding more than a few months worth seems very unpractical.

  2. Avatar bill says:

    Good article. I hope it never happens here, since as you point out things could get a little crazy! What about the £50k premium bond allowance? If it still existed in this scenario, it would be of some use unless NS&I charge negative interest on that too (to fund the prizes..). Otherwise, disguising cash as loft insulation (might actually work!) or new fivers at the bottom of the cold water storage tank might be other options to add to the list.

    • Mike Rawson Mike Rawson says:

      I guess I’m assuming that there would be no accounts (inc. Premium Bonds) with positive returns.

      I’ve done my loft already, and I don’t have a water tank, but they’re good ideas.

  3. Avatar CHRISTOPHER PRATT says:

    It is not often that people are prepared to talk about practical ways of hiding wealth, a very necessary activity for those of us most under the threat of losing what we have worked hard for. Be careful however. Some of the above suggestions are not wise. From practical experience I can tell you that paper money can go rotten surprisingly quickly in a damp and airless environment. I do not like banks and have managed without them for most of my life, but acknowledge that the Bank of England were good enough to replace the value of my disintegrating stash as I was able, just about, to identify most of the serial numbers.

    • Mike Rawson Mike Rawson says:

      I bow to your superior experience – I’ve never hoarded cash to date.

      Looking on the bright side, soon all our notes will be plastic, and should last a bit better.

  4. Most of the times people feel insecure if they are hiding money for the purpose of tax evasion and things like this… This post of yours is very much beneficial for those.

  5. Avatar EM says:

    Very helpfull article written by a wise person. Thank you!

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Hoarding Cash at Home

by Mike Rawson time to read: 8 min
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