Where to stash crash cash?

edited December 2007 in Seattle Real Estate
Interesting article:
From Contractor, owner feud over hidden cash:

A contractor who helped discover bundles of Depression-era U.S. currency totaling $182,000 hidden behind bathroom walls said the homeowner should turn the money over to him or at least share it.

...

The fight began in May 2006 when Kitts was gutting Reece's bathroom and found a box below the medicine cabinet that contained $25,200.

"I almost passed out," Kitts recalled. "It was the ultimate contractor fantasy."

He called Reece, who rushed home. Together they found another steel box tied to the end of a wire nailed to a stud. Inside was more than $100,000, Kitts said.
When house prices fall 80% and chaos ensues, I don't recommend stashing cash in your walls, since the house could burn down. If you do, at least tell someone in your will!

Where would you stash crash cash? So far my idea is in cans buried in nearby state parks. I wouldn't use GPS since that might stop working (probably already down by then anyway). Buried beneath a crawl space might work but lots of people will be doing that, so it'll be an obvious place to look.

Comments

  • I am going to convert my cash to beanie babies and then store them in the attic of my grandmother's house.
  • Why on earth does the contractor think he should get half the money? I don't care who finds what on my property, it's mine because the property is mine -- whether I knew it was there or not.
  • If I was the owner I'd offer him a finder's fee, for being nice enough to not just take it. These two were friends, which complicates things.
  • "Kitts rejected his client's offer of a 10 percent finder's fee and demanded 40 percent of the small fortune."
  • Interesting situation. I agree that since it was located on the owners property, and it probably would be considered under the "possession is 9/10ths of the law"concept, due to it being located there.

    Offering a finder's fee of 10 percent was generous. Demanding 40 percent is greedy, especially when nothing is legally "owed" for "finding" anthing you can't clearly claim is yours in the first place. This guy would be an ex-friend of mine fast. His "honesty" is very shallow.

    On second thought, if these were silver certificates, are they now no longer legal tender, since there was some announcement about that a few years back, telling people to turn them in for face value by a certain date, or lose it?
  • Buy gold coins.
    Buy PVC pipe
    Buy end caps
    Buy PVC glue

    Cap one end, drop in coins, cap other end, bury. This seemed to be the most popular suggestion on how to "store" gold in case the world falls apart.

    Probably should buy a bunch of guns and ammo too as it'll be worth at least as much as the gold.
  • faster wrote:
    Cap one end, drop in coins, cap other end, bury.
    Good idea. Where would you bury it? Backyard seems prone to neighbors seeing you do it.
  • Markor wrote:
    faster wrote:
    Cap one end, drop in coins, cap other end, bury.
    Good idea. Where would you bury it? Backyard seems prone to neighbors seeing you do it.

    I was going to say I don't remember exactly as it was some random thread I came across reading about buying gold, but I recalled that one guy suggested tossing the sealed PVC pipe into your septic tank.

    ...oddly enough a search for "gold 'septic tank' PVC" takes you right too it.

    http://goldismoney.info/forums/showthread.php?t=28025

    Probably a pretty effective method of forced savings.
  • Of course there's a forum for where to stash crash cash. :) Thanks faster!
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