http://www.mercurycenter.com/premium/business/getahead/docs/kristof14.htm

-- Andy (2000EOD@prodigy.net), September 23, 1999

Answers

If you have a reasonable amount of personal contact with your bank branch manager, a safety deposit box is fine for storing your cash or gold for the time being. If cash withdrawal limits are imposed by the government, this has nothing to do with what's in your safe deposit box, which is not deposited in an account. The bank is simply storing it for you.

The vault door in my bank is operated mechanically so a power outage does not affect it. The thing to do is to ask the manager about this to make sure you can get to your box whenever you like. Of course, if the bank is closed due to presidential edict or Y2K, you won't have access to your box, so the thing to do is to monitor events very carefully and be prepared to go get your goodies at a moment's notice.

If you sense a panic about to start or if you see bank runs beginning overseas or in isolated spots here in this country, go down immediately and take the contents of your box home. Even if you miss the signs and a bank run begins at your own bank, you should still be able to get to your box as long as the bank doors are open. Everyone else will be in line at the teller's window and you won't be.

I suspect that any clampdown on cash will not occur until the week after Christmas in order not to disrupt the holiday buying, so the prudent thing to do, just in case, is to go get your box contents just before Christmas and keep them safe at home.

-- cody (cody@y2ksurvive.com), September 23, 1999.

All true Cody except one thing.......... a Communist/terrorist attack that in a moment shuts down the banks for who knows how long. If electric goes out or is put out, the banks will not open until it goes back on.

-- BB (peace2u@bellatlantic.net), September 23, 1999.

Gawd, cody, I can't believe the crap you just posted!!! With 99 days to go, can we all remember ...

W H A T
G O V E R N M E N T S
C A N N O T
F I N D
T H E Y
C A N N O T
S T E A L

-- King of Spain (madrid@aol.com), September 23, 1999.

Hey BB,

What about a fascist/terrorist attack on power? Why did you choose the other??? Mind warp??

-- y2k dave (xsdaa111@hotmail.com), September 23, 1999.

I disagree. My excess cash will all be in the safety deposit box. I can go for weeks/months/years/forever w/o it if need be. If banks stay closed very long then cash will just be another form of toilet paper anyway. Besides, if the government gets to the point of confiscating people's stuff I'll be shooting at uniforms until I'm dead whether they get my cash or not.

I'm not about to keep a pile of money (even a small pile like mine) lying around / hidden / buried. But best of luck to all who choose to do so!

-- Gus (y2kk@usa.net), September 23, 1999.

Communists? What communists, Cuban, Chinese, North Korean? Come on, communists have been pathetic ever since their poster-child (USSR) died. They'll be too busy watching their populations starve to give us any trouble.

Any serious terrorist acts or political threats will come from fascists or religious extremists.

-- Steve Hartzler (s.hartzler@usa.net), September 23, 1999.

Steve, You don't believe that communism is a real threat?

Dave, ditto?

-- BB (peace2u@bellatlantic.net), September 23, 1999.

Gus:

Bear in mind that you are breaking a Federal law doing so. This is not a moralistic judgement. It simply points out that the Feds would be able to legally confiscate it (I think). Moreover, if so, it has been suggested that 80% of all cash has cocaine on it and them "coke sniffin' dogs" (I'm not talking about Clinton or DC mayors now) can find cash very easily. I'm not normally this paranoid, but...

-- Dave (aaa@aaa.com), September 24, 1999.