Home Forums Hunting & Shooting Hunter's Campfire Burying money

I just watched a documentary about American settlers. So they didn’t trust banks and buried cash/gold instead. How would your bury cash today to prevent it from going bad?

I guess if a guy was going to bury some bit coin you could just pretend to dig a hole and pretend to place something in it and pretend to cover it up. That’s the beauty of bit coin, it makes things so easy. Lol

pvc tube with a screw-on cap.

till you have no internet access.

Depends

Depends on where at. Where at?

An old accountant told me to never use a tree as a landmark...

I would use the same water bag I used to hang on my Packard mirrors.

Maybe bury a bundle of cash in the gun safe...

Yep. Or the Power Grid goes down.

Bitcoin won’t look so great then.

It starts going bad the day you acquire it. How fast depends on the inflation rate. Maybe some lucky person buried a bunch of silver coin. That would have worked out OK.

Supposedly the most common way the old timers hid gold and silver coins was to put them in coffee cans and bury them under fence posts. According to the treasure hunting magazines anyway. Which are probably horseshit.

Vacuum seal bags, sealed. Then use the can of choice.

Mason jars. 😜

That's what Lucius Clay said.

Bury something that won't loose value, paper money is worth less every minute you hold it.

How much of that gold coin do you shave off for a loaf of bread?

Ammunition seems to be a popular commodity with value that keeps going up and it can be broken down to manageable levels.

Firearms and ammunition look ok to me.

Burying cash would certainly result in it being destroyed by inflation. One might expect a hard, durable, real asset to fare better over time and the traditional choice would have to be gold or silver, though there are opportunities for alternatives. Even so, it may not be a wise practice:

Then he which had received the one talent came and said, Lord, I knew thee that thou art an hard man, reaping where thou hast not sown, and gathering where thou hast not strawed:
And I was afraid, and went and hid thy talent in the earth: lo, there thou hast that is thine.
His lord answered and said unto him, Thou wicked and slothful servant, thou knewest that I reap where I sowed not, and gather where I have not strawed:
Thou oughtest therefore to have put my money to the exchangers, and then at my coming I should have received mine own with usury.
Take therefore the talent from him, and give it unto him which hath ten talents.
For unto every one that hath shall be given, and he shall have abundance: but from him that hath not shall be taken away even that which he hath.
And cast ye the unprofitable servant into outer darkness: there shall be weeping and gnashing of teeth.

While we can hardly interpret this parable as a directive to trade your gold for 10 Year US Treasuries and their ~1.2% yield at the moment, Jesus's criticism of burying it seems valid by any interpretation. Even if he was actually making a point about our gifts, abilities, aptitude or skills, he still used burying money as an analogy of a stupid and unprofitable thing to do. So if that's not what we ought to do, then what?

"Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal:
But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal:
For where your treasure is, there will your heart be also."

What then should we do with the cash, gold or securities?

"Make to yourselves friends of the mammon of unrighteousness; that, when ye fail, they may receive you into everlasting habitations.
He that is faithful in that which is least is faithful also in much: and he that is unjust in the least is unjust also in much.
If therefore ye have not been faithful in the unrighteous mammon, who will commit to your trust the true riches?
And if ye have not been faithful in that which is another man's, who shall give you that which is your own?"

Indeed, if you think the cash you have is your own, just look at whose inscription is on it. Consider also their demonstration of the ability to create more, as much as they want. If you consider some less inflatable gold or land to be your own, ask yourself how long you think you can keep it.

"Stashed" greenbacks hidden away over a long period of time can stink to high heaven. So much so you'd probably not want to carry it on your person. Once upon a time I ran several thousand dollars like that through a currency counter. Left the odor in the air, on my hands and everything it touched.

Yep. Reminded me of the Charlie Daniels song before I posted it.

That’s why people invented money laundering! 😄