I need your advice please - I am really stressed and I know there must be others out there thinking the same thing. I have worked hard for savings for many years and now I fear that the gov guarantee means, well I don't trust it.
Cash deposits savings are everything I have.
No property, no gold, no shares etc etc. Just cash in irish banks.
I dont want to buy property as I cant afford it. I want to have some cash in the event that the banks do not deliver on guarantee or my savings are turned to a new irish punt.
I think hiding cash in the house is just as risky as a bank so what about somewhere in the garden?
What do you think of seperating cash in euro(german notes x)/dollar/sterling/singa dollar/swiss franc and sealing it in a plastic bag put it in a biscut tin and making sure to remember where I put it? Or what about storing in a swiss bank safe(maybe this is a worse idea but anyone with any genueine suggestions please tell). Are there seal proof waterproof boxes/safes to hide in the ground?
I will not be putting all my money here but just over half my life savings, but I feel it would help me sleep at night. I do not care about interest rates as keeping the capital 100% safe is my ONLY concern until this euro/world banking crisis calms down.
#Why don't you get a deposit box in the bank? AIB used to offer a service called "safe keeping" or something like that where they would store your box in their safe/vault for a small fee each year. Burying cash in your garden sounds like a recipe for disaster.
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Dont think I trust a safety depostit box in Any bank. Some credit unions have them. My one charges €30, €50 or €120 depending on the size you need. 2 seperate keys to open it. They have one and you hold on to the other. Cannot be opened unless the two keys are used.
I have grave concerns about having my hard earned cash sitting in deposit accounts in Irish banks. where is a safe place to keep built up savings over the turbulent times
can own digital silver with www.Goldmoney.com (one of the safer digital gold companies and not likely to be nationalised like the English www.Bullionvault.com ).
think www.gold.ie allow you to store gold and silver in smaller amounts in a depository in Switzerland - same one used by Goldmoney and Bullionvault.
In the same way the potato famine raises a good chuckle?People will look back on this (well posts like this) in years to come and laugh. I hope! hahah
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